Board meeting outcome to take note of resignation of Whole time Director and CFO
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Virgo Global Ltd informed the stock exchange about the outcome of its board meeting held on February 13, 2026. The board approved the unaudited financial results for the quarter ended December 31, 2025, along with the limited review report. It also noted the resignation of Mr. Umasankar Mylapur Prakash Rao from the dual role of Whole-Time Director and Chief Financial Officer, effective January 29, 2026. He cited pre-occupation (personal commitments) as the reason for stepping down and is not related to any other director or key managerial person. The resignation letter was submitted to the board on January 29, 2026, and the board formally took note of it at the February 13 meeting.
The company has simultaneously lost both its Whole-Time Director (top executive role) and its CFO without any immediate replacement announced, which may raise governance and continuity concerns among investors. This is a small-cap company (Scrip Code: 532354), so such a dual leadership vacuum could weigh on sentiment until a successor is appointed.