Annual Secretarial Compliance Report for the FY ended March 31, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Virtual Global Education filed its Annual Secretarial Compliance Report for FY 2024-25, reviewed by practicing company secretary Apoorv Srivastava. The report flagged one ongoing non-compliance: Independent Directors Mr. Rahul Misra and Ms. Anubha Chauchan were not enrolled with the ICSI databank, technically making them ineligible to serve as independent directors, though the company states they have since enrolled, completed the test, and applied online for inclusion. The report also tracks remediation of four prior-year issues: delayed submission of consolidated financial results for Q1 FY24 (standalone only filed earlier, subsidiary Shikshan School Pvt Ltd involved), non-appointment of a Company Secretary within 3 months (Ms. Shivani Jindal appointed Aug 2023), and a 13-day delay in Related Party Transaction disclosure under Reg 23(9) for which a fine was paid. Overall, the company was found compliant on secretarial standards, policies, website disclosures, insider trading, and event disclosures, with no SEBI or stock exchange actions against it.
This is a routine compliance filing and signals no major red flag for shareholders, though the independent director databank issue is a minor governance concern that the company claims is now resolved. Investors should note the company has a subsidiary, Shikshan School Private Limited, which affects consolidated reporting.