Virgo Global Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/04/2026 ,inter alia, to consider and approve 1. To consider and approve the ....
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Virgo Global Limited has postponed its Board meeting originally scheduled for April 10, 2026 due to unavoidable circumstances. The meeting has been rescheduled to April 18, 2026. The key agenda includes approval of audited financial results for Q4 and FY ended March 31, 2026, and importantly, a proposal for reduction of share capital. The company will also fix the date and venue for an Extra-Ordinary General Meeting (EGM) where shareholders will likely vote on the capital reduction. The capital reduction proposal is subject to shareholder approval, regulatory approvals, and NCLT approval. The trading window remains closed for designated persons.
The share capital reduction proposal is a significant corporate action that could impact shareholder value. Investors should monitor for EGM details and understand the rationale behind the capital reduction, as it typically requires NCLT and shareholder approval.