Virtuoso Optoelectronics Limited has signed a non-binding Memorandum of Understanding (MOU) with the Government of Maharashtra. The agreement outlines a proposed investment of ₹1,050 crore, tentatively planned over the next five years.

The initiative is expected to create 1,054 direct and indirect employment opportunities in the region. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key deal parameters

The company filed this disclosure with both BSE Limited and National Stock Exchange of India Limited on October 4, 2026. Prasad Zinjurde, Company Secretary and Compliance Officer, signed the filing on behalf of the company.

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.