Notice Of The 32Nd Annual General Meeting (AGM) Of The Company For FY 2024-25.
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Virtual Global Education Limited has filed the notice for its 32nd Annual General Meeting scheduled for Tuesday, August 26, 2025 at 12:00 Noon at Maharaja Banquets, Paschim Vihar, New Delhi, along with the Annual Report for FY 2024-25. Shareholders will vote on (1) adoption of audited standalone and consolidated financial statements for the year ended March 31, 2025, (2) re-appointment of Mrs. Anubha Chauhan as Independent Director for a second 5-year term (Feb 2026 to Feb 2031), (3) appointment of M/s Chandan J & Associates as Secretarial Auditors for 5 years (FY 2025-26 to FY 2029-30), and (4) rescission of a prior fund-raising resolution passed on September 10, 2024. The key special business item is a proposal to raise funds up to Rs. 200 Crores or USD 24 Million (whichever applies) through equity shares, GDRs, FCCBs, QIP, preferential issue, or private placement in one or more tranches. The cut-off date for e-voting eligibility is August 19, 2025, and remote e-voting runs from August 23 to August 25, 2025 via NSDL.
The Rs. 200 Crore (or USD 24 Million) fund-raising proposal is the most material item—if approved, it could lead to equity dilution and signal a major expansion or acquisition plan, though pricing and structure details remain at the Board's discretion. Rescinding the earlier fund-raising resolution suggests the company is restarting its capital-raising effort with a fresh shareholder mandate.