Virgo Global Proposes 86% Capital Reduction

Virgo Global Limited calls EGM on May 15, 2026 to seek shareholder approval for a special resolution to reduce share capital by 86%.
The capital reduction involves canceling 90.34 lakh shares worth ₹3.61 crore to set off accumulated losses of ₹3.62 crore as of March 31, 2026.
Post-reduction, paid-up capital will decrease from ₹4.20 crore to ₹58.82 lakh, with share count reducing from 1.05 crore to 14.71 lakh equity shares.
The scheme requires NCLT Hyderabad approval and aims to clean up the balance sheet to facilitate future fundraising and restore financial credibility.