Virgo Global Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/04/2026 ,inter alia, to consider and approve 1. To consider and approve the ....
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Virgo Global Ltd has informed BSE that its Board of Directors will meet on Friday, April 10, 2026, to consider and approve a proposal for Reduction of Share Capital under the Companies Act, 2013. The proposal is subject to approvals from shareholders, stock exchanges, regulatory authorities, and the National Company Law Tribunal (NCLT). The Board will also fix the date, time and venue of an Extra-Ordinary General Meeting (EGM) to seek shareholder approval, approve the EGM notice, and appoint a scrutinizer for the e-voting process. The trading window for designated persons and their relatives is closed until further intimation in line with insider trading rules.
Share capital reduction is a significant corporate action and could indicate the company is looking to write off accumulated losses or restructure its capital base, which may impact book value and per-share metrics. Shareholders should watch for further details on the rationale and quantum, as the proposal still requires NCLT and shareholder approval, meaning the outcome is uncertain and the stock may see volatility around the announcement.