Virtuoso Optoelectronics approves preferential issue of shares
Virtuoso Optoelectronics Limited secured shareholder approval on July 12, 2026, to raise ₹84,99,99,128 through a preferential issue. The resolutions for issuing equity shares and warrants passed with 99.997% votes in favour.
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Virtuoso Optoelectronics Limited secured shareholder approval to raise capital aggregating ₹84,99,99,128 through a preferential issue of equity shares and unlisted fully convertible warrants. The resolutions were passed via an Extra-Ordinary General Meeting (EGM) held through Video Conferencing on July 12, 2026, with the voting results disclosed to BSE Limited on July 13, 2026. The approvals enable the issuance of up to 16,85,392 equity shares and up to 7,02,246 warrants at a price of ₹356 per share and per warrant.
Voting Results
The special resolutions were passed with a requisite majority, receiving 99.997% of the valid votes cast in favour. A total of 1,90,03,129 votes were polled, representing 59.6962% of the total outstanding shares. The remote e-voting facility was provided by Central Depository Services (India) Limited (CDSL), with the record date set as July 05, 2026.
| Resolution | Votes In Favour | Votes Against | % In Favour |
|---|---|---|---|
| Issuance of Equity Shares | 1,90,02,629 | 500 | 99.997 |
| Issuance of Warrants | 1,90,02,629 | 500 | 99.997 |
Scrutinizer Report
CS Vishal Thawani of Vishal Thawani & Associates was appointed as the Scrutinizer to oversee the e-voting process. The report confirmed that 20 shareholders attended the meeting via video conferencing, while no shareholders were present in person. The detailed voting results and the scrutinizer's report have been made available on the company's website.
Historical Stock Returns for Virtuoso Optoelectronics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.45% | -0.51% | +13.31% | +13.81% | +13.81% | +13.81% |
How does Virtuoso Optoelectronics plan to allocate the ₹85 crore capital raised to drive future growth?
What strategic projects or acquisitions will the unlisted convertible warrants fund upon conversion?
How will the preferential issue impact the company's earnings per share (EPS) in the near term?
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