Corporate Governance6 Nov 2026, 12:38 pm
Virtuoso Optoelectronics: No Deviation in Fund Utilization
AI Summary
Virtuoso Optoelectronics Ltd has filed its Statement of Deviation and Variation for the quarter ended September 30, 2026, as per SEBI regulations. The company raised ₹25 Cr through a preferential issue on July 21, 2026, and ₹66.25 Cr on August 13, 2026. For both issuances, the company reported no deviation or variation in the utilization of funds. The funds were allocated to various purposes including acquisition of fixed assets, working capital, and general corporate purposes. The Audit Committee reviewed these statements and confirmed the adherence to the original utilization plans.
Key Highlights
- No deviation reported in utilization of ₹25 Cr preferential issue funds.
- No deviation reported in utilization of ₹66.25 Cr preferential issue funds.
- Funds utilized for fixed assets, working capital, and general corporate purposes.
- Audit Committee reviewed and confirmed fund utilization statements.
Price Impact
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