Virgo Global Ltd Q4/FY26 Results & Capital Reduction Scheme Approved

Virgo Global Ltd's Board of Directors, in a meeting on April 18, 2026, approved the Audited Financial Results for the quarter and year ended March 31, 2026, prepared in accordance with Ind AS. The statutory auditors issued an unmodified opinion on these results. Additionally, the Board approved a Scheme of Reduction of Capital under Section 66 of the Companies Act, 2013. This scheme is designed to address accumulated losses that have significantly eroded the company's net worth and impeded its ability to raise capital or expand. The capital reduction is subject to approvals from shareholders, the Hyderabad Bench of the National Company Law Tribunal (NCLT), and other regulatory bodies. An Extraordinary General Meeting (EGM) is scheduled for May 15, 2026, to obtain shareholder consent for the scheme, with e-voting available from May 12 to May 14, 2026.