Virgo Global Board Approves Capital Reduction Scheme

Virgo Global Limited's Board approved audited financial results for FY26 and a Scheme of Capital Reduction to offset accumulated losses.
The Scheme proposes reducing paid-up equity capital from ₹4.20 crore to ₹58.82 lakh by cancelling 90.33 lakh shares.
An EGM is scheduled for May 15, 2026, to seek shareholder approval for the capital reduction, which requires NCLT sanction.
Statutory auditors issued an unmodified opinion on the FY26 financials, and the company is exempt from certain SEBI LODR provisions.