Virgo Global Limited has submitted a regulatory disclosure to BSE Limited regarding the resignation of two Independent Directors from the company's board.
Resignation Details
- Directors Resigned: Ms. Payal Jain (DIN: 11395745) and Mr. Prabhaker Reddy Aedla (DIN: 03627891)
- Effective Date: Close of business hours on 16th July, 2026
- Positions Vacated: Independent Director and Director of Virgo Global Limited
Reasons for Resignation
Both directors cited "pre-occupation and other commitments" as the reason for their resignation. Ms. Payal Jain specifically mentioned "pre-occupation" while Mr. Prabhaker Reddy Aedla also cited "pre-occupation" as the reason.
Additional Confirmations
Both directors have provided written confirmations that there are no material reasons for their resignation other than those mentioned in their resignation letters. This confirmation is provided as required by regulatory guidelines.
Documentation
- Resignation letters from both directors are enclosed as Annexure-2 (Ms. Payal Jain) and Annexure-3 (Mr. Prabhaker Reddy Aedla)
- The disclosure includes a completed information table as required by SEBI regulations
Financial Impact
Financial impact not quantified in the disclosure.
Governance Impact
The resignations result in two vacancies on the board of directors, specifically in the independent director category. The company has not disclosed immediate plans for replacement appointments.