Virtuoso Optoelectronics Limited has scheduled an Extraordinary General Meeting (EGM) on July 12, 2026, to seek shareholder approval for raising ₹85 crore through a preferential allotment of equity shares and warrants. The Board approved the issuance of up to 16,85,392 equity shares and 7,02,246 unlisted fully convertible warrants at a price of ₹356 per security, including a premium of ₹346. The funds will be raised from identified non-promoters and promoter group members, subject to necessary regulatory approvals.

The preferential issue comprises two components. The first involves the allotment of 16,85,392 equity shares to non-promoters Malabar India Fund Limited and India Insight Value Fund for a total consideration of ₹60 crore. The second component involves the issuance of 7,02,246 warrants to promoter Sukrit Bharati and promoter group entities Sukrit Bharati HUF and Nikitha Shravan Poddatur for ₹25 crore. Warrants are convertible into equity shares within 18 months from the date of allotment, with 25% of the price payable upfront and the balance upon conversion.

The company has fixed July 5, 2026, as the record date to determine shareholder eligibility for remote e-voting and participation in the EGM. Remote e-voting will commence on July 9, 2026, at 09:00 a.m. and conclude on July 11, 2026, at 05:00 p.m. M/s. Vishal Thawani & Associates has been appointed as the scrutinizer for the e-voting process.

Post-allotment, the shareholding pattern will see the public holding increase to 52.76% upon the issuance of equity shares, while promoter and promoter group holding will adjust to 47.23%. Assuming full conversion of warrants, the promoter and promoter group holding will settle at 47.30%, and public holding at 52.70%. The issuance complies with the provisions of the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Virtuoso Optoelectronics Limited management will participate in an analyst and institutional investor meeting organized by Elara Capital in Mumbai on June 22, 2026. The discussions will cover publicly available information and will not involve any unpublished price sensitive information. This engagement allows the company to communicate its performance and strategy directly with the investment community.

The meeting is scheduled to take place in person from 11.00 AM to 04:00 PM. The format includes both group and one-on-one sessions, providing a platform for detailed interaction between the company's leadership and market analysts. The event is subject to cancellation or rescheduling due to unavoidable exigencies.

Meeting Details

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the information will be available on the company's website as per Regulation 46(2) of the Listing Regulations. Prasad Zinjurde, Company Secretary and Compliance Officer, signed the intimation on June 16, 2026.