as per the pdf attached
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 Ltd reported its unaudited financial results for Q2 and H1 FY26 (ended Sept 30, 2025) along with a Limited Review Report that carries a Qualified Opinion. Revenue from operations fell sharply to Rs. 18.41 lakhs in Q2 FY26 from Rs. 41.93 lakhs in Q2 FY25, with H1 revenue declining to Rs. 37.96 lakhs from Rs. 68.21 lakhs. The company posted a net loss of Rs. 15.39 lakhs in H1 FY26 versus a profit of Rs. 0.78 lakhs a year ago, and continues from a full-year FY25 loss of Rs. 38.43 lakhs. The auditor flagged a prior CFO fraud of Rs. 88.18 lakhs (not yet recovered), and could not verify supporting documents for Rs. 5.32 crore in land advances, Rs. 4.21 crore in loans and advances, and Rs. 6.05 crore in training expenses, along with insufficient evidence on use of proceeds from 14.25 crore convertible warrants. In the same meeting, Managing Director Ms. Shikha and Company Secretary Mr. Sandeep Singh resigned, replaced by Mr. Prasanna Mohapatra as Whole Time Director and Mr. Navneet Kumar Mishra as Company Secretary.
Negative for shareholders — a qualified audit opinion, ongoing losses, steep revenue decline, unresolved CFO fraud, and several large undocumented transactions raise serious governance and reliability concerns. The simultaneous exit of the Managing Director and Company Secretary adds to instability, and the stock is likely to face pressure given the weak fundamentals and audit qualifications.