This is to inform you that the 27th AGM of the Shareholders of Virgo Global Limited (the ''''Company'''') will be held on Monday, 15th September, 2025 at 12:00 Noon (IST) through Video ....
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Virgo Global Limited has notified BSE of its 27th Annual General Meeting scheduled for Monday, September 15, 2025 at 12:00 noon, to be held via video conferencing in line with MCA and SEBI guidelines. The AGM will seek shareholder approval for adoption of audited financial statements for FY25, re-appointment of Ms. Sonal Jain (who retires by rotation) as director, and approval of related party transactions under Section 188 of the Companies Act. The company is seeking shareholder consent for transactions with Think Big Enterprises Private Limited (where director Mr. Rajesh Gandhi is also a director) up to a maximum of Rs. 50 crore per annum for sale, purchase or supply of goods. Revenue from operations collapsed sharply from Rs. 84.95 crore in FY24 to just Rs. 4.47 crore in FY25, a decline of nearly 95%, while profit after tax fell to a marginal Rs. 33,341. No dividend has been recommended for FY25, citing conservation of profits.
The dramatic 95% revenue contraction and razor-thin profits are significant red flags that shareholders should review carefully in the annual report. The proposed Rs. 50 crore related party transaction ceiling is more than ten times the company's current annual revenue, which warrants close scrutiny by shareholders before approving the resolution.