Board meeting outcome for unaudited financial results for the quarter ended 31.12.2025
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Virgo Global reported zero revenue from operations in Q3 FY26, compared with Rs. 471.57 lakhs in Q3 FY25, a complete collapse in top line. For 9M FY26, the company posted a net loss of Rs. 106.61 lakhs versus Rs. 151.01 lakhs loss in 9M FY25, while EPS for the quarter stood at Rs. (0.10). The balance sheet has weakened sharply: reserves are deeply negative at Rs. (445.83) lakhs, pushing total equity attributable to owners into negative territory at Rs. (25.66) lakhs versus a positive Rs. 80.95 lakhs at FY25 end. Trade payables surged to Rs. 1,152.36 lakhs and cash fell to just Rs. 6.59 lakhs from Rs. 18.94 lakhs. The board also noted the resignation of the Whole-Time Director and CFO, Mr. Umasankar Mylapur Prakash Rao, on the same day.
Zero revenue, negative net worth, mounting payables and a key finance executive exit point to serious going-concern risk for shareholders. The stock is likely to face pressure and could be vulnerable to restructuring, further equity dilution, or BSE surveillance action.