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Date: 21.10.2026 BSE Limited Corporate Relationship Department 25th Floor, P.J. Tower, Dalal Street, Mumbai-400001 Scrip Code: 534741 ISIN: INE247C01023 Sub: OUTCOME OF BOARD MEETING Dear Sir/Ma’am, In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”), we hereby inform that Board of Directors in its meeting held on Wednesday, October 21st, 2026 proceeds at 02:00 PM and concluded at 10:10 PM interalia, considered and approved the following: 1. Declaration of Unaudited (Standalone & Consolidated) Financial Results for the Quarter ended on September 30, 2026 along with the Limited Review Report thereon. (Annexure-I) 2. To take on record the Resignation of Mr. Gaurav Garg as Chief Financial Officer of the Company with effect from 21st October 2026. The details in terms of Regulation 30 are enclosed herewith as Annexure-II. 3. Appointment of Mr. Krishan Bansal as Chief financial Officer and Executive Director of the Company. The information in regard to the abovementioned appointment in terms of Regulation 30 read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed herewith as Annexure-III. 4. Approval for the Sale/Disposal of the Company’s subsidiary, M/s Shikshan School Private Limited. The information in regard to the abovementioned matter in terms of Regulation 30 read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed herewith as Annexure-IV. 5. To augment the financial resources of the Company through raising of funds, the Board approved the issuance of up to 42,00,00,000 (Forty-Two Crore Only) Fully Convertible Warrants (“Warrants”) each convertible into one fully paid-up equity share of the Company having a face value of Re. 1/- (Rupee One Only), in one or more tranches, to the proposed allottees, belonging to the “Promoter/Promoter Group” and “Non-Promoter, Public Category’, as detailed in Annexure-V, on a preferential basis, at an issue price of Re. 1/- (Rupee One Only) per warrant, payable in cash for aggregating amount of up to not exceeding Rs. 42,00,00,000/- (Rupees Forty-Two Crore Only), in accordance with the provisions of Section 42 and Section 62(1)(c) of the Companies Act, 2013, as amended (‘Act’) read with Companies (Prospectus and Allotment of Securities) Rules, 2014, and Companies (Share Capital and Debentures) Rules, 2014 as amended ("Rules"), Chapter V of SEBI ICDR Regulations, subject to approval of shareholders and other regulatory authorities, as may be applicable. Upon allotment of warrants in accordance herewith, an amount equivalent to 25% (Twenty-Five Percent) of the total issue size shall be called upfront from the proposed allottees. Registered Office: 1108, 11th Floor, RG Trade Tower, Netaji Subhash Place, Pitampura, Delhi-110034 Tel: 011-41522143, CIN: L67120DL1993PLC052256 Email: csvirtualeducation@gmail.com website: www.virtualeducation.co.in Disclosure with respect to the Preferential Issue under Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as Annexure -VI to this letter. 6. Statement of Deviation and Variation as per Clause 32(1) for the quarter ended 30th September, 2026 under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. (Annexure-VII). 7. The Board of Directors approved alteration in Articles of Association, by inserting clause “Further Issue of Capital” in order to align it with the fund raising/ further issue proposals of the company in accordance with relevant provisions/ rules of Companies Act, 2013 subject to the approval of shareholders of the Company. Further, the brief details of alteration in Articles of Association as required under Regulation 30 read with Part A of the Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is disclosed in Annexure-VIII. 8. To seek members’ approval through the process of postal ballot for the above-said today’s board decision and accordingly, approved the draft Notice of Postal Ballot along with the calendar of events, and authorized Director/ KMP to issue the same to the concerned. Further, approved the appointment of Mr. Shiva Nishad (Membership no.560019) Partner of M/s Krishan Rakesh & Co. (FRN 009088N) Practicing Chartered Accountant as Scrutinizer for the Postal Ballot process, and National Securities Depository Limited (“NSDL”) as the authorized agency for conducting the Postal Ballot process through the remote e-voting facility, along with all matters incidental and related thereto. The cut-off date for E-Voting, as well as the dispatch of the notice of Postal ballot and the E-Voting period, have also been considered and fixed as follows: Cut-off date for dispatch and E-voting October 16, 2026 dispatch date of postal ballot October 22, 2026 E-voting period From 9:00 a.m. (IST) on October 23, 2026 up to 5:00 p.m. (IST) on November 21, 2026 The notice of the postal ballot will be sent separately to the Stock Exchange and to the Members of the Company and will also be available on the Company's website at www.virtualeducation.co.in and on the website of the stock exchange namely BSE Limited, and e-voting agency’s website at https://www.evoting.nsdl.com/ in due course. This is for your information and record. Yours Faithfully, For Virtual Global Education Limited Renu Malik Company Secretary & Compliance Officer Add- 1108,11th Floor, RG Trade Tower , Netaji Subhash Place, Pitampura, Delhi-110034 Registered Office: 1108, 11th Floor, RG Trade Tower, Netaji Subhash Place, Pitampura, Delhi-110034 Tel: 011-41522143, CIN: L67120DL1993PLC052256 Email: csvirtualeducation@gmail.com website: www.virtualeducation.co.in ASHA & ASSOCIATES 3A BIGJ0S TOWERNE TAJI SUBHASH PLACE PITAM PURA DELHI DELHI 110034 Chartered Accountants Ph 981 1906784, 11 41814948 Independent Auditor's Review Report on Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2 015 (as amended) THE BOARD OF DIRECTORS VIRTUAL GLOBAL EDUCATION LIMITED 1108 RG TRADE TOWER Netaji Subhash Place Pitampura Delhi-110034 Qualified Opinion 1 We have reviewed the accompanying statement of consolidated unaudited financial results (the Statement') of VIRTUAL GLOBAL EDUCATION LIMITED (the Company') for the quarter ended 30TH September 2026 being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). including relevant circulars issued by the SEBI from time to time 2 The Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting (Ind AS 34'), prescribed under Section 133 of the Companies Act. 2013 (the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015 (as amended), including relevant cırculars issued by the SEBI from time to time Our responsibility is to express a conclusion on the Statement based on our revieW 3 We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India A review of interim financial information consists of making inquiries. primarily of persons responsible for financial and accounting matlers, and applying [Showing first 8,000 characters — download PDF for full document]