Virtuoso Optoelectronics Converts 586,081 Warrants to Equity Shares for Malabar India Fund

Virtuoso Optoelectronics Limited has announced a significant corporate action, converting a portion of its outstanding warrants into equity shares for Malabar India Fund Ltd. This move represents a notable development in the company's capital structure and ownership.

Key Details of the Conversion

Particulars	Details
Number of Warrants Converted	586,081
Conversion Price	Rs. 455.00
Premium per Share	Rs. 445.00
Total Amount Received	Rs. 20.00 crore
New Issued and Paid-up Capital	30,953,958 shares

Background and Context

The recent conversion is part of a larger warrant issuance that took place in August 2025. Initially, Virtuoso Optoelectronics had allotted 3,076,923 convertible warrants to Malabar India Fund Ltd. This latest transaction follows a previous conversion of 879,121 warrants in September 2023.

Impact on Ownership

The conversion has resulted in a change in Malabar India Fund's ownership stake in Virtuoso Optoelectronics:

Ownership Stage	Number of Shares	Percentage of Total Issued Capital
Pre-Allotment	879,121	2.89%
Post-Allotment	1,465,202	4.73%

Future Conversion Rights

Malabar India Fund Ltd retains the right to convert the remaining 1,611,721 warrants by August 25, 2026. This potential for further conversion could lead to additional changes in the company's ownership structure in the future.

Equity Rights

The newly allotted equity shares resulting from this warrant conversion will carry equal rights with the existing shares, including dividend and voting rights. This ensures that the new shares are fully integrated into the company's equity structure.

Conclusion

This warrant conversion represents a significant step in Virtuoso Optoelectronics' capital management strategy. It not only brings in additional capital but also strengthens the position of Malabar India Fund as a stakeholder in the company. As the deadline for converting the remaining warrants approaches, market observers will be keen to see if and when further conversions take place, and how this might impact the company's ownership and capital structure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.64%	-6.01%	-9.61%	-11.31%	+15.38%	+307.32%

Virtuoso Optoelectronics Limited , a company currently listed on the BSE SME Platform, has announced a series of significant proposals that could reshape its future trajectory. The company has issued a postal ballot notice seeking shareholder approval for three key resolutions, each aimed at enhancing its market position and operational flexibility.

Proposed Migration to Main Boards

The most notable proposal is the company's plan to migrate its equity shares from the BSE SME platform to the main boards of both BSE Limited and the National Stock Exchange of India Limited. This move comes as Virtuoso Optoelectronics has surpassed a market capitalization of Rs. 1,500.00 crore, with a paid-up equity share capital of Rs. 30.37 crore comprising 3.04 crore equity shares and 21.98 lakh outstanding convertible warrants.

The migration to the main boards is expected to provide enhanced recognition for the company and potentially increase participation by retail investors. However, it's important to note that this resolution requires a special majority to pass, with votes cast by non-promoter shareholders in favor of the proposal needing to be at least twice the number of votes against it.

Amendments to Employee Stock Option Scheme

The second resolution proposes amendments to the VOEPL Employee Stock Option Scheme 2023. These changes aim to make the scheme more employee-friendly and improve its effectiveness. Key modifications include:

Removal of the 6-month exercise period limitation after vesting
Introduction of flexibility in keeping options active for certain employees post-resignation or termination
Adjustments to the treatment of vested options upon retirement
Changes to the vesting schedule

Increase in Authorized Share Capital

The third resolution seeks to increase the company's authorized share capital from Rs. 35.00 crore to Rs. 75.00 crore. This significant boost is intended to meet future fund requirements and provide the company with greater financial flexibility.

Aspect	Current	Proposed
Authorized Share Capital	Rs. 35.00 crore	Rs. 75.00 crore
Number of Equity Shares	3.50 crore	7.50 crore
Face Value per Share	Rs. 10.00	Rs. 10.00

Voting Process and Timeline

Shareholders can cast their votes through remote e-voting, which will be open from October 25, 2025, to November 23, 2025. The results of the postal ballot are scheduled to be declared by November 25, 2025.

These proposed changes, if approved, could mark a significant milestone in Virtuoso Optoelectronics' corporate journey, potentially positioning it for broader market exposure and providing it with the tools for future growth and employee retention. However, the outcome will ultimately depend on shareholder sentiment and their vision for the company's future.