Quarterly Updates29 May 2026, 10:41 pm
Virtuoso Opto: No Deviation in Funds Use for Quarter Ended Mar '26
AI Summary
Virtuoso Optoelectronics Ltd reports no deviation or variation in the utilization of funds raised through preferential allotment for the quarter ended March 31, 2026. The funds, amounting to ₹30 Crore, were allocated for acquisition of fixed assets, long-term working capital, and general corporate purposes. The Audit Committee reviewed the statement on May 29, 2026, confirming adherence to the original objectives. The company received ₹30,00,00,041.25 in February 2026 for conversion of warrants into equity shares.
Key Highlights
- No deviation in utilization of ₹30 Crore raised via preferential allotment.
- Funds used for fixed assets, working capital, and corporate purposes.
- Audit Committee review confirms compliance for quarter ended March 31, 2026.
- ₹30,00,00,041.25 received in Feb 2026 for warrant conversion.
Price Impact
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