Board Meeting29 Aug 2026, 12:00 pm
Virtuoso Optoelectronics Ltd Approves Preferential Issue of Equity Shares
AI Summary
Virtuoso Optoelectronics Ltd announced that its Board of Directors has approved a preferential issue of up to 16,89,859 equity shares at ₹503 per share, aggregating up to ₹84.99 Crores. The issue is subject to shareholder and regulatory approvals. The funds will be raised from identified persons/entities including ICICI Prudential SmallCap Fund and Clarus Capital II. An Extraordinary General Meeting (EGM) has been scheduled for September 24, 2026, to seek shareholder consent for this preferential issue. CS Vishal Thawani has been appointed as the scrutinizer for the e-voting process.
Key Highlights
- Board approved preferential issue of 16,89,859 equity shares.
- Issue price set at ₹503 per share, aggregating ₹84.99 Crores.
- Allottees include ICICI Prudential funds and Clarus Capital II.
- EGM scheduled for September 24, 2026, for shareholder approval.
- Cut-off date for voting eligibility fixed as September 17, 2026.
Price Impact
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