as per the pdf attached
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Awaiting price reaction for this filing.
Virtual Global Education has resubmitted its Q1 FY26 results after BSE flagged that the original Limited Review Report was not in the SEBI-prescribed format. Total income for the quarter stood at ₹19.54 lakhs, down from ₹26.28 lakhs in Q1 FY25 (a decline of roughly 26%). On a consolidated basis, the company reported a marginal net profit of ₹0.26 lakhs versus a loss of ₹4.28 lakhs in the year-ago quarter, though the full-year FY25 ended with a loss of ₹38.33 lakhs. The auditor (Asha & Associates) issued a qualified opinion, flagging an ₹88.18 lakh fraud/misappropriation by the former CFO & Director Mr. Ankit Sharma identified through a special audit, for which no provision has been made. The auditor also raised concerns about a ₹5.32 crore land purchase advance in Gurugram, ₹4.21 crore in undocumented loans/advances, and ₹5.99 crore in unsupported training expense payments.
Despite the small quarterly profit, the qualified audit opinion, the prior CFO fraud, and large undocumented advances cast serious doubt on the reliability of the company's financial reporting and internal controls. Shareholders should view this as a significant red flag; the stock may face negative sentiment and BSE scrutiny going forward.