Subsidiary VCPL Enters Debenture Trust Deed for ₹150 Cr Financing

Virtuoso Optoelectronics Limited announced that its 90% subsidiary, Virtuoso Compressors Private Limited (VCPL), entered into a Debenture Trust Deed (DTD) on May 28, 2026. The DTD facilitates VCPL raising financing up to INR 150 Crores through the issuance of optionally convertible debentures (OCDs). Catalyst Trusteeship Limited is the counterparty. While the parent company, Virtuoso Optoelectronics Limited, is not a direct party to the DTD, it is subject to various covenants and undertakings. These include subordinating its debt to VCPL's OCDs, maintaining insurance policies for assets provided as security, and conditions regarding the company's management, business nature, and corporate actions. The transaction is classified as a related party transaction and has been executed at arm's length. The agreement does not impact the management or control of the listed entity.