Virtuoso Optoelectronics Limited shareholders approved all three resolutions at the 11th Annual General Meeting held on September 30, 2026, with 99.99% votes in favour.

The meeting, conducted via Video Conferencing, adopted the audited financial statements for FY26 and ratified key governance items. The voting results were submitted to BSE and NSE on October 1, 2026, pursuant to SEBI LODR Regulations.

Key resolutions and voting outcomes

Shareholders unanimously supported the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The resolution received 19,708,613 votes in favour against just one vote cast in opposition.

The re-appointment of Vishrut Bharati (DIN: 06818457), who retired by rotation, was also approved with identical voting margins. Additionally, shareholders ratified the remuneration payable to the company's cost auditors.

Voting participation details

Electronic voting facilities were provided in compliance with Section 108 of the Companies Act, 2013. The e-voting window opened at 9:00 am on September 27, 2026, and closed at 5:00 pm on September 29, 2026.

Total shares voted amounted to 19,708,614, representing 57.54% of the total outstanding shares of 34,251,071. Promoter and promoter group entities voted 100% of their holding of 15,832,236 shares. Institutional investors voted 54.73% of their holding, while non-institutional public shareholders participated at a rate of 2.54%.

CS Vishal Thawani of VTSN & Associates LLP served as the scrutinizer, certifying the fairness and transparency of the voting process. The detailed report was countersigned by Company Secretary Prasad Zinjurde.

Virtuoso Optoelectronics Limited shareholders approved a ₹84.99 crore preferential issue to Qualified Institutional Buyers (QIBs) during an Extra-Ordinary General Meeting (EGM) held on September 24, 2026.

The meeting, conducted via Video Conferencing from 11:00 am to 11:15 am, was chaired by Managing Director Sukrit Bharati. The special resolution for the issuance of equity shares to identified entities was passed following e-voting conducted by scrutinizer CS Vishal Thawani of M/s. VTSN and Associates LLP.

Voting Results Breakdown

The scrutinizer's report, dated September 25, 2026, confirmed that the special resolution passed with a requisite majority. Out of the total votes polled, 99.98% were cast in favour of the resolution, with only 0.02% against. No votes were abstained or invalid.

Promoters and promoter group members voted unanimously in favour, representing 99.92% of their outstanding shares. Public institutions also voted 100% in favour. Among public non-institutional shareholders, 2,634 votes were cast against the resolution, representing 0.39% of the votes polled by this category.

Utilization of Proceeds

The company detailed a revised schedule for deploying the raised funds, with timelines commencing from the date of filing the Return of Allotment with the Registrar of Companies (ROC).

The capital expenditure of ₹17.97 crore is earmarked for procuring plant and machinery from China. This investment aims to increase the annual production capacity of deep freezer units from 1,50,000 units to 2,50,000 units. The expansion will take place at the company’s Plant 7 facility in Nashik.

Pricing and Regulatory Framework

The equity shares are listed on BSE Limited and NSE. Since the issue is restricted to fewer than five QIBs, the allotment price is determined in accordance with Regulation 164(4) of the SEBI (ICDR) Regulations. The price will not be less than the 10-trading-day volume-weighted average price (VWAP) of shares quoted on the BSE preceding the relevant date.

The company noted that because the shares have been listed for more than 90 trading days and the allotment is to less than five QIBs, certain re-computation requirements under Regulations 164(3) and 167(5) do not apply. Disclosures under Regulation 163(1)(g) and (h) are also exempted.

Investor Details

The update identified the ultimate beneficial owners for the proposed allottees:

• ICICI Prudential SmallCap Fund: Post-issue holding of 10,93,439 shares (2.98%)
• ICICI Prudential Retirement Fund-Hybrid Aggressive Plan: Post-issue holding of 2,98,210 shares (0.81%)
• Clarus Capital II: Ultimate beneficial owner Mr. Soumendra Lahiri (Partner and CIO), with a post-issue holding of 2,98,210 shares (0.81%)