Financial Results for the Quarter & year ended on March 31, 2026 with Cash Flow Statment
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Virgo Global Ltd reported revenue of Rs.91.84 lakhs and a net loss of Rs.23.34 lakhs for FY2026, down from profit of Rs.62.26 lakhs in FY2025. The company has accumulated losses of Rs.362.51 lakhs eroding its net worth significantly. Total equity stands at just Rs.57.66 lakhs as of March 2026, down from Rs.80.93 lakhs previously. The board has approved a capital reduction scheme to cancel 90.33 lakh shares (worth Rs.3.61 crore) to write off accumulated losses and present a cleaner balance sheet to prospective investors and lenders. An EGM is scheduled for May 15, 2026 to seek shareholder approval for this scheme. The auditor issued an unmodified opinion on the financial statements.
The company's net worth has been severely eroded by accumulated losses, and it cannot access capital markets or institutional finance on viable terms. The capital reduction scheme, if approved, will help present a cleaner balance sheet but existing shareholders will see their shareholding reduced proportionally with no compensation.