The Board of Directors of Virgo Global Limited held on Wednesday the 28th day of May, 2025 started at 05.00 P.M. and concluded at 06.00 P.M. at the registered office of the company the ....
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The Board of Directors of Virgo Global Ltd met on May 28, 2025 (5:00 PM to 6:00 PM) and approved the audited financial results for the quarter and year ended March 31, 2025. The statutory auditor (Sharad Chandra Toshniwal & Co.) issued an unmodified (clean) opinion on the standalone financial statements. Revenue from operations for FY25 stood at Rs. 8,494.84 lakhs with total income of Rs. 8,502.85 lakhs. The company reported a profit after tax of Rs. 23.76 lakhs for FY25 versus Rs. 0.33 lakhs in FY24, with Q4 FY25 PAT at Rs. 62.26 lakhs. The Board also appointed a Secretarial Auditor for FY 2025-26. The company informed the exchange that Regulation 23(9) on related party transaction disclosures does not apply since its paid-up equity (Rs. 80.94 lakhs) is below the Rs. 25 crore threshold.
A clean (unmodified) auditor opinion is a positive signal on financial reporting quality, but the company's profitability remains thin (PAT of only Rs. 23.76 lakhs on revenue over Rs. 84 crore) and reserves are still in the negative at Rs. (339.24) lakhs. Shareholders should note modest earnings quality despite strong top-line, and watch for any improvement in margins and reserve position.