Announcement • May 30
Virtual Global Education Limited Announces Board and Committee Changes, Effective May 27, 2026 The board of directors of Virtual Global Education Limited in its meeting held on May 27, 2026 and approved the appointment of Mr. Prem Gupta (DIN: 00180250) as Whole-Time Director (additional director category) of the Company with effect from May 27, 2026. Mr. Prem Gupta is Graduate from Rajasthan University and having 30+ years of experience in the field of Management, Finance and Business Operations. The company approved the appointment of Mrs. Payal Sharma (DIN: 07190616) as Non-Executive Independent (additional Director category) of the Company with effect from May 27, 2026. Mrs. Payal Sharma is Qualified Company Secretary and Law Graduate with over 15 years of experienced engaged into Secretarial, Financial, legal and Business Advisory services, consulting, accounting, taxation and planning services to commercial organizations and not-for-profit groups and ensuring effective governance and statutory compliance in all the companies and organizations in which she is associated. She is associated as a promoter director since 2019, of Sanwin Electronic Technology (India) Private Limited, a manufacturing company engaged in the business of manufacturing of camera module. It is a subsidiary of a Foreign company incorporated in 2019. The company approved the appointment of Mr. Rohan Agarwal (DIN: 08592184) as Non-Executive Independent (additional Director category) of the Company with effect from May 27, 2026. Mr. Rohan Mohan Agarwal, is a dynamic business entrepreneur and professional with over 3 years of experience in the manufacturing sector - textile garments production and operations. His leadership spirit and strong vision reflect his ability in driving business to success. Mr. Rohan Agarwal holds directorship in Ace Edutrend Limited. The Board of Directors of the Company took note of the reconstitution of the Audit Committee, Nomination & Remuneration Committee and Stakeholders Relationship Committee of the Company. Audit Committee: Ms. Anubha Chauhan, Chairperson, Non-executive – Independent Director; Mrs. Payal Sharma, Member, Non-executive- Independent Director; Mr. Prem Gupta, Member, Whole-Time Director. Nomination & Remuneration Committee: Mr. Rohan Agarwal, Chairperson, Non-executive -Independent Director; Mrs. Payal Sharma, Member, Non-executive- Independent Director; Ms. Anubha Chauhan, Member, Non-executive- Independent Director. Stakeholders Relationship Committee: Mr. Rohan Agarwal, Chairperson, Non-executive -Independent Director; Ms. Anubha Chauhan, Member, Non-executive- Independent Director; Mr. Prem Gupta, Member, Whole-Time Director. Announcement • May 19
Virtual Global Education Limited to Report Q4, 2026 Results on May 26, 2026 Virtual Global Education Limited announced that they will report Q4, 2026 results on May 26, 2026 New Risk • Apr 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (₹334.0m market cap, or US$3.55m). 
