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 a consolidated net loss of ₹15.39 lakhs for H1 FY26 (ended Sept 30, 2025), reversing a small profit of ₹0.75 lakhs in the year-ago period. Revenue from operations fell sharply to ₹37.96 lakhs from ₹68.21 lakhs in H1 FY25, a decline of over 44%. The statutory auditor (Asha & Associates) issued a Qualified Opinion, flagging that the former CFO Mr. Ankit Sharma had misappropriated ₹88.17 lakhs through fraudulent transactions (per a special audit dated May 28, 2025), and that the company has not yet recovered the amount. The auditor also raised concerns about ₹5.32 crores in advances for a Gurugram land purchase, ₹4.21 crores in unexplained loans/advances, ₹6.05 crores in training expense payments, and ₹3.56 crores received from a warrant issue—all lacking supporting documentation. On the same day, Managing Director Ms. Shikha and Company Secretary Mr. Sandeep Singh resigned, with Mr. Navneet Kumar Mishra appointed as the new CS and Mr. Prasanna Mohapatra as Whole Time Executive Director. The CEO is currently unavailable.
This is a significantly negative filing for shareholders—the company is loss-making with collapsing revenues, a fraud-tainted past, and multiple large undocumented transactions flagged by the auditor. The simultaneous exit of the Managing Director and Company Secretary raises serious governance concerns. Expect negative stock price reaction and heightened regulatory scrutiny.