StockWatch
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Diversified consumer products
AGM/EGM1 Sept 2026, 03:03 pm

Virtuoso Optoelectronics to issue 16.9 Lakh Shares via Preferential Issue

AI Summary

Virtuoso Optoelectronics Ltd announced an Extraordinary General Meeting (EGM) scheduled for September 24, 2026, to approve a preferential issue of up to 16,89,859 equity shares. The shares will be issued at ₹503 each, including a premium of ₹493, to identified persons/entities like ICICI Prudential SmallCap Fund and Clarus Capital II. This preferential issue aims to raise approximately ₹84.99 crore. The EGM will be conducted via video conferencing, with remote e-voting available from September 21 to September 23, 2026. The relevant date for calculating the floor price is fixed as August 25, 2026.

Key Highlights

  • EGM on Sep 24, 2026, to approve preferential issue.
  • Issue of 16.9 lakh shares at ₹503 each.
  • Targeting ₹84.99 crore via preferential allotment.
  • Allottees include ICICI Prudential funds and Clarus Capital II.
  • EGM to be held via Video Conferencing.