as per pdf attached

Virtual Global Education Ltd reported Q1 FY26 (ended June 30, 2025) standalone total income of Rs 19.54 lakhs, down from Rs 26.28 lakhs in Q1 FY25 (a ~26% decline), and swung to a marginal net profit of Rs 0.26 lakhs versus a loss of Rs 4.28 lakhs a year ago. The auditor (Asha & Associates) issued a Qualified Opinion on both standalone and consolidated results, citing material financial irregularities where former CFO & Director Mr. Ankit Sharma allegedly misappropriated Rs 88.18 lakhs through fictitious payments and unauthorized fund transfers in FY25; the company conducted a special audit instead of a full forensic audit and has not made any provision for the loss. The auditor also flagged lack of supporting documents for Rs 5.32 crore advance for land purchase in Gurugram, Rs 4.21 crore in loans and advances, and Rs 5.99 crore paid against training expenses, along with insufficient evidence on use of proceeds from 14.25 crore convertible warrants issued on a preferential basis. The board also approved the 32nd AGM notice (August 26, 2025), re-appointment of Anubha Chauhan as Independent Director, appointment of Sandeep Singh as new Company Secretary, and appointment of a new secretarial auditor for five years.