Virtual Global Education Ltd — Others, 26-08-2025: AGM/EGM

Virtual Global Education's AGM highlighted significant audit concerns for the fiscal year 2025. Auditors detailed **0.88 Cr** misappropriated by the former CFO through fictitious transactions, which remains unrecovered and unprovided for. Further red flags include substantial documentation gaps for **4.21 Cr** in loans, **19.99 Cr** in project advances, **4.71 Cr** in training expenses, and **5.34 Cr** for land acquisition. A **0.38 Cr** investment impairment was also noted. The secretarial audit identified issues with independent director eligibility and compliance filings. Shareholders debated adopting financial statements and a resolution for raising funds.