Corporate Governance12 Aug 2026, 07:43 pm
Virtuoso Optoelectronics: No Deviation in Fund Utilization for Q2 FY27
AI Summary
Virtuoso Optoelectronics Ltd has submitted its Statement of Deviation for the quarter ended June 30, 2026, as per SEBI regulations. The company reported that no funds were raised during this quarter through preferential allotment. Consequently, the statement of utilization is NIL, and there has been no deviation or variation in the utilization of previously raised funds. The Audit Committee reviewed the statement and confirmed no discrepancies. The original objects for fund raising included acquisition of fixed assets and long-term working capital.
Key Highlights
- No funds raised via preferential allotment in Q2 FY27.
- Statement of utilization of funds is NIL for the quarter.
- No deviation or variation in fund utilization confirmed.
- Audit Committee reviewed and approved the statement.
- Original fund use included asset acquisition and working capital.
Price Impact
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