Virgo Global files non-applicability of Large Corporate norms
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Virgo Global has submitted to BSE that it does not qualify as a Large Corporate under SEBI's October 2023 circular on fund raising by large corporates. The company's net worth stands at Rs 0.57 crore, with nil long-term borrowings at the start and end of FY ending March 2026. It also reported no incremental borrowing, no debt securities issued, and no credit rating during the year. This is a routine annual compliance filing confirming the company's small size and exemption from large corporate disclosure requirements.
Routine compliance filing. Confirms Virgo Global is a small-cap entity exempt from Large Corporate disclosure norms. No material impact on stock.