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Virtual Galaxy Reports Rs 10.49 Crore IPO Working Capital Deviation


13 November 2026
Virtual Galaxy Infotech Ltd.

Monitoring agency flagged 10-25% deviation with working-capital IPO use at Rs47.52cr versus Rs37.03cr earmarked, including Rs7.75cr in Q2 for salaries and software maintenance spent partly before 24 Sep AGM approval, while disclosing Rs69cr Xangars sound-box MoU. Context: confirming awaited reallocation at unusually large deal scale.


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