StockWatch
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Diversified consumer products
AGM/EGM20 Jun 2026, 03:30 pm

Virtuoso Optoelectronics to issue shares and warrants via EGM

AI Summary

Virtuoso Optoelectronics Ltd announced an Extraordinary General Meeting (EGM) scheduled for July 12, 2026, to consider the issuance of equity shares and unlisted fully convertible warrants on a preferential basis. The company plans to issue up to 16,85,392 equity shares at ₹356 per share, aggregating up to ₹59.99 crore, to Malabar India Fund Limited and India Insight Value Fund. The e-voting period for the resolution will commence on July 9, 2026, and conclude on July 11, 2026. The meeting will be conducted via Video Conferencing/Other Audio-Visual Means.

Key Highlights

  • EGM scheduled for July 12, 2026, to approve preferential issue.
  • Plan to issue 16.85 lakh equity shares at ₹356 each.
  • Total fundraising target of ₹59.99 crore from equity issuance.
  • Proposed allottees include Malabar India Fund and India Insight Value Fund.
  • Meeting to also consider issuance of unlisted fully convertible warrants.