as per the pdf attached
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▲ 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's board met on November 7, 2025, approving unaudited results for Q2 and H1 FY26 (ended September 30, 2025), while accepting the resignations of Managing Director Ms. Shikha and Company Secretary Mr. Sandeep Singh, and appointing new replacements. Consolidated revenue for H1 FY26 fell sharply to Rs. 37.96 lakhs from Rs. 68.21 lakhs in H1 FY25, a decline of roughly 44%, while the company slipped into a net loss of Rs. 15.39 lakhs compared to a small profit last year. The statutory auditor issued a qualified opinion on both standalone and consolidated results, flagging multiple serious concerns: a prior CFO fraud involving misappropriation of Rs. 88.17 lakhs (still unrecovered), an undocumented Rs. 5.32 crore advance for land purchase in Gurugram, Rs. 4.21 crore of unexplained loans and advances, and Rs. 6.05 crore of training expenses without supporting documents. The company also reported negative operating cash flow of Rs. 29.60 lakhs for the half year, continuing a trend of cash burn.
Negative for shareholders — the combination of a qualified audit opinion, unresolved CFO fraud, lack of documentation for large advances, declining revenues, and the sudden exit of the Managing Director and Company Secretary points to significant governance and operational stress, which could weigh on the stock and invite further regulatory scrutiny.