Virtual Global Education Board Approves Financial Results, CFO Change, and Fund Raise
Virtual Global Education Ltd's Board of Directors convened on October 21st, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended September 30, 2026. The board also accepted the resignation of CFO Mr. Gaurav Garg and appointed Mr. Krishan Bansal as the new CFO and Executive Director. Additionally, the company approved the sale of its subsidiary, Shikshan School Private Limited, and a preferential issue of up to 42,00,00,000 warrants convertible into equity shares, aiming to raise up to ₹42,00,00,000 (₹42 Crore). Alterations to the Articles of Association to facilitate fund-raising were also approved, with a postal ballot process initiated for member approval.
Key Highlights
- Board approved unaudited financial results for Q2 FY27.
- CFO resignation and new CFO/Executive Director appointment approved.
- Company to sell subsidiary Shikshan School Private Limited.
- Preferential issue of warrants to raise up to ₹42 Crore approved.
- Alterations to Articles of Association for fund raising approved.
Price Impact
More from VIRTUALG