Virtuoso Optoelectronics Ltd

Malabar India Fund Limited has acquired an additional 14,04,494 equity shares, representing 3.34% of the total share capital, in Virtuoso Optoelectronics Ltd through a preferential allotment. This acquisition increases Malabar India Fund's total holding in Virtuoso Optoelectronics to 46,56,417 shares, or 13.32% of the total diluted share capital. The transaction was executed via preferential allotment, and the shares were acquired on August 12, 2026. This disclosure is made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, as the acquisition resulted in a change of holding by more than 2%.

Virtuoso Optoelectronics Ltd announced the allotment of 16,85,392 equity shares and 7,02,246 unlisted fully convertible warrants via preferential basis. The equity shares were allotted at Rs. 356 each (including a premium of Rs. 346), and warrants were also priced at Rs. 356 each. Key allottees include Malabar India Fund Limited, India Insight Value Fund, Sukrit Bharati, Sukrit Bharati HUF, and Nikitha Poddatur. This allotment increases the company's paid-up equity share capital to Rs. 34,25,10,710, comprising 3,42,51,071 equity shares of Rs. 10 each. The newly allotted shares will rank pari-passu with existing shares and will be listed on BSE and NSE.

Virtuoso Optoelectronics Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Infomerics Valuation and Rating Ltd, pertains to the preferential issue of fully convertible share warrants amounting to ₹140.00 crore. According to the report, there were no deviations from the objects for which the issue proceeds were earmarked, and no range of deviation was applicable. The monitoring agency confirmed that the report provides an objective view of the utilization of issue proceeds based on information provided by the issuer and other reliable sources, while also declaring no direct or indirect interest or conflict of interest with the issuer.

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.

Virtuoso Optoelectronics Ltd announced the outcome of its Board Meeting held on August 12, 2026. The board approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026, along with the limited review report. Additionally, the company approved the acquisition of 17,452 equity shares of its wholly-owned subsidiary, Virtuoso Polymers Private Limited (VPPL), for ₹9,99,99,960. This acquisition is a conversion of an outstanding Inter-Corporate Deposit (ICD) to reduce VPPL's interest burden. The board also noted the resignation of M/s. Pooja M Kulkarni & Co as Internal Auditor and appointed M/s. Tolwani & Associates as the new Internal Auditor for FY 2026-27.

Virtuoso Optoelectronics Ltd has resubmitted its audited financial results for the quarter and year ended March 31, 2026, due to inadvertent clerical oversights in the initial filing. The company reclassified 'Current Investments' under 'Other Financial Assets', changing the reported amount from ₹718.33 Lakh to ₹10,212.44 Lakh. Additionally, the provision for income tax was revised to reflect net amounts after adjusting for TDS and advance tax, changing from ₹647.36 Lakh to ₹157.96 Lakh. The company states these changes are limited to classification, regrouping, and presentation adjustments and do not impact the overall financial results.

Virtuoso Optoelectronics Ltd has announced that its Board of Directors will convene on August 12, 2026. The primary agenda for this meeting is to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter that ended on June 30, 2026. In compliance with SEBI regulations, the trading window for the company's securities has been closed since July 1, 2026, and will remain shut for 48 hours post the declaration of these financial results. This announcement serves as a formal notification to stakeholders regarding the upcoming financial reporting.

Malabar India Fund Limited has increased its shareholding in Virtuoso Optoelectronics Ltd by acquiring an additional 7,32,600 equity shares. This acquisition, resulting from the conversion of warrants, represents a 2.62% increase in stake. Following this transaction, Malabar India Fund's total holding in Virtuoso Optoelectronics now stands at 32,51,923 equity shares, constituting 9.98% of the total diluted share capital. The acquisition was completed through the conversion of warrants into equity shares.

Virtuoso Optoelectronics Ltd has completed the conversion of all outstanding warrants into equity shares. The company allotted 7,32,600 equity shares to Malabar India Fund Ltd at an issue price of ₹455 per share, upon receipt of ₹24,99,99,750. This conversion increases the company's issued, subscribed, and paid-up capital. Following this allotment, Malabar India Fund Ltd's shareholding in Virtuoso Optoelectronics has increased to 9.98%. No warrants remain pending for conversion.

Virtuoso Optoelectronics Ltd has issued a corrigendum to its notice for the Extra-Ordinary General Meeting (EGM) scheduled for July 12, 2026. The corrigendum clarifies details related to a proposed preferential issue of up to 16,85,392 equity shares and 7,02,246 convertible warrants. The preferential issue aims to raise up to ₹59.99 crore from equity shares and ₹24.99 crore from warrants. Key revisions in the explanatory statement include the relevant date for price determination, clarification on promoter/director subscription intent, updated ultimate beneficial owner details for an investor (Sukrit Bharati HUF), and confirmation of the Practicing Company Secretary's certificate.