Virtual Global Education Ltd — Others, 06-08-2025: Others

Virtual Global Education's Annual Report for FY25 reveals a reduced net loss of ₹0.38 Cr, an improvement from ₹1.83 Cr last year. However, auditors issued a qualified opinion citing significant concerns, including ₹0.88 Cr misappropriated by the former CFO with no provision, and insufficient evidence regarding ₹14.25 Cr from convertible warrants. Auditors also flagged unconfirmed loans/advances of ₹4.21 Cr. The company is proposing to raise up to ₹200 Cr (or USD 24 Million) through various securities for strategic opportunities. Changes to the board include new CFO and CEO appointments.