Virgo Global Ltd

Meeting Details

• Board meeting on 14 August 2026 at 05:00 PM at the registered office, Hyderabad.

Key Agenda Items

• Unaudited financial results for quarter ending 30 June 2026.
• Any other business with permission of the Chair.

Other Notes

Resignation of Independent Directors

• Payal Jain, Independent Director, resignation effective 16 July 2026 (close of business) due to pre-occupation.
• Prabhaker Reddy Aedla, Independent Director, resignation effective 16 July 2026 (close of business) due to pre-occupation.
• There are no other material reasons for either resignation beyond those stated.
• No board/committee changes specified in filing.

Dematerialisation processing and listing status

• Dematerialisation of securities completed; listed on the stock exchanges where applicable.
• Physical certificates forwarded for dematerialisation were mutilated and cancelled.
• Depository name updated as registered owner in the records.
• Actions completed within 15 days of certificate receipt.

EGM purpose

• Shareholders will vote on reducing equity share capital to offset accumulated losses.
• The scheme aims to clean up the balance sheet and support future fundraising.

Capital reduction resolution

• Special resolution to reduce paid-up equity capital from Rs.4.20 crore to Rs.58.82 lakh.
• 90,33,698 shares will be cancelled, leaving 14,70,602 shares outstanding.
• Reduction is pro-rata; every 100 shares become 14 shares.
• Fractional entitlements will be pooled, sold, and proceeds distributed to eligible shareholders.
• Promoters and directors have no special interest beyond their shareholding.

Financial impact

• Reduction amount of Rs.3.61 crore will be set off against accumulated losses.
• Accumulated losses stood at Rs.3.63 crore as of 31 March 2026.
• Shareholding pattern remains unchanged proportionately after reduction.
• Promoter holding stays at 31.01%; public holding stays at 68.99%.

Strategic rationale

• Management says the reduction will improve reported net worth and balance sheet presentation.
• The company expects easier access to equity and debt funding after the cleanup.
• The company says the action will not affect creditors, operations, or listing status.

Board and governance

• No change in management or control is expected from the capital reduction.
• Board and authorised committee may handle filings, modifications, and implementation steps.
• Executive Director Rajesh Gandhi signed the notice.

Financial results

• Approved audited standalone financial results for quarter and year ended 31 March 2026.
• Auditor issued an unmodified opinion on the audited standalone results.
• Standalone revenue from operations was Rs 91.84 lakh for the year ended 31 March 2026.

Financial statements

• Approved standalone balance sheet, profit and loss, changes in equity, and cash flow statement.
• The company reported total equity of Rs 57.66 lakh as at 31 March 2026.

Capital reduction scheme

• Approved scheme to reduce share capital under Section 66 of the Companies Act, 2013.
• Paid-up equity share capital will reduce from Rs 4.20 crore to Rs 58.82 lakh.
• Reduction will extinguish accumulated losses and cancel 90,33,698 equity shares.
• Scheme requires shareholder and NCLT approvals and other statutory approvals.

EGM and voting

• Convened EGM on 15 May 2026 through VC/OAVM to approve the capital reduction scheme.
• Remote e-voting will run from 12 May 2026 to 14 May 2026.
• CS Yash K. Shah was appointed scrutinizer for remote e-voting.

🗓️ Meeting Details

• Board meeting scheduled for February 13, 2026, at 5:00 PM at the registered office in Hyderabad.

📍 Key Agenda Items

• Consideration and approval of unaudited financial results for the quarter ended December 31, 2025.
• Approval of resignation of Mr. Umasankar Mylapur Prakash Rao as Whole-time Director and CFO.