VIRTUAL GLOBAL EDUCATION LTD.

Virtual Global Education Ltd has announced the closure of its trading window for Directors, Promoters, Officers, and Designated Employees, along with their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from Wednesday, July 1, 2026, until 48 hours after the declaration of the Un-Audited (Standalone and Consolidated) Financial Results for the quarter ended June 30, 2026. The exact date of the Board Meeting to approve these results will be communicated in due course.

The company's standalone and consolidated financial results for the quarter and year ended March 31, 2026, received a qualified audit opinion. A significant qualification involves ₹88.17 lakhs misappropriated by the former CFO, Mr. Ankit Sharma, in FY2024-25, which remains unrecovered and unprovided for, materially impacting net profit. Other issues include insufficient documentation for the utilization of preferential warrant allotment funds, a ₹5.32 crore advance for land purchase, ₹20.19 crore in unsupported loans and advances, and unverified training expenses of ₹6.34 crore. The auditor noted material weaknesses in internal financial controls, stating the financial statements do not present a true and fair view. Management acknowledges the irregularities and is pursuing legal action and gathering necessary documentation.

Virtual Global Education Ltd's board approved audited financial results (standalone and consolidated) for the year ended March 31, 2026. They appointed Chandni Singla & Associates as Internal Auditor for FY 2026-27 and appointed Mr. Prem Gupta as Whole-Time Director and Mrs. Payal Sharma and Mr. Rohan Agarwal as Non-Executive Independent Directors. The board also reconstituted the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees.

Virtual Global Education Ltd's board approved audited financial results (standalone and consolidated) for the year ended March 31, 2026. They appointed Chandni Singla & Associates as Internal Auditor for FY 2026-27 and appointed Mr. Prem Gupta as Whole-Time Director and Mrs. Payal Sharma and Mr. Rohan Agarwal as Non-Executive Independent Directors. The board also reconstituted the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees.

Virtual Global Education Ltd's board approved audited financial results (standalone and consolidated) for the year ended March 31, 2026. They appointed Chandni Singla & Associates as Internal Auditor for FY 2026-27 and appointed Mr. Prem Gupta as Whole-Time Director and Mrs. Payal Sharma and Mr. Rohan Agarwal as Non-Executive Independent Directors. The board also reconstituted the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees.

Virtual Global Education Ltd has appointed M/s. Chandni Singla & Associates, Chartered Accountants, as the Internal Auditor of the Company for the financial year 2026-27. The appointment was made during the Board of Directors meeting held on May 27th, 2026, and complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Virtual Global Education Ltd has announced that the Board of Directors meeting, initially scheduled for May 26, 2026, has been postponed to May 27, 2026, due to unavoidable reasons. The meeting will address the approval of financials for the quarter and year ended March 31, 2026.

Mr. Prasanna Laxmidhar Mohapatra (DIN: 09528267) has resigned from his position as Whole-Time Director of Virtual Global Education Limited, effective from the close of business hours on May 25th, 2026. The resignation is due to personal reasons, and Mr. Mohapatra has confirmed that there are no other material reasons for his departure beyond those stated in his resignation letter. The company has provided details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mrs. Rajni Chawla (DIN: 11542411) has resigned from her position as a Non-Executive Independent Director of Virtual Global Education Limited, effective from the close of business hours on May 21st, 2026. The resignation is due to personal reasons, and Mrs. Chawla has confirmed that there are no other material reasons for her departure. The company has complied with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Virtual Global Education Ltd has scheduled a Board of Directors meeting on May 26, 2026, to approve the audited financial results for the quarter and year ended March 31, 2026. The board will also consider the appointment of an Internal Auditor for FY 2026-27 and the appointment of Directors & KMP. The meeting will be held at the company's registered office.