Non Applicability of Large Corporate of the Company
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Awaiting price reaction for this filing.
Virgo Global Limited has informed BSE that it does not qualify as a 'Large Corporate' under SEBI's framework (Circular dated October 19, 2023). The company reported no outstanding long-term borrowings at the start or end of FY ending March 2025, no incremental borrowing during the year, and no debt securities issuance. Its net worth stood at a very small Rs. 0.80 crores at the end of the financial year. No credit rating was obtained during the year. The disclosure is filed as a routine compliance requirement with Annexure A providing the supporting financial details.
This is a routine compliance filing with no material impact on shareholders or stock price. It simply confirms the company is too small (net worth under Rs. 1 crore and zero borrowings) to fall under Large Corporate disclosure norms, meaning lighter compliance requirements going forward.