the Board of Directors of M/s. Virgo Global Limited held on Friday the 14th day of November, 2025 started at 05.00 P.M. and concluded at 05.30 P.M. at the registered office of the company ....
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The board of Virgo Global Limited approved unaudited financial results for Q2 and the half-year ended September 30, 2025. Revenue from operations collapsed to just Rs. 25 lakhs in H1 FY26, down roughly 95% from Rs. 471.57 lakhs in H1 FY25, with nil revenue in the standalone Q2 quarter. The company reported a loss after tax of Rs. 94.77 lakhs for H1 FY26, compared to a Rs. 112.38 lakh loss in the same period last year. The balance sheet turned negative, with shareholder equity at Rs. (13.82) lakhs as of September 2025 versus a positive Rs. 80.95 lakhs in March 2025. Trade payables remain very high at Rs. 838.35 lakhs against just Rs. 8.41 lakhs of cash. Auditor Sharad Chandra Toshniwal & Co. issued an unmodified limited review opinion with no qualifications.
This is a worrying set of numbers for shareholders: revenue has virtually disappeared, the company is reporting fresh losses, shareholder equity has turned negative, and cash on hand is tiny compared to outstanding trade payables. While the auditor's report is clean, the combination of near-zero sales and negative net worth raises serious going-concern questions for this small-cap stock.