Virtuoso Optoelectronics Announces Preferential Issue of Equity Shares and Warrants

Virtuoso Optoelectronics Announces Preferential Issue of Equity Shares and Warrants​

Virtuoso Optoelectronics Ltd has announced that its Board of Directors approved two separate preferential issues, covering equity shares and fully convertible warrants, during a meeting held on June 20, 2026. The company plans to raise capital through these offerings, subject to shareholder approval and regulatory requirements.

The board approved the creation, offering, and allotment of up to 16,85,392 Equity Shares to identified persons and entities at a premium. These shares are offered at a price of Rs 356 per share (including a premium of Rs 346), with a face value of Rs 10. The issue is aggregated to generate up to Rs 59,99,99,552 in cash consideration.

The non-promoter investors targeted in this equity tranche include Malabar India Fund Limited, which is allocated a maximum of 14,04,494 shares for a potential consideration of 50.00 Crores, and India Insight Value Fund, with a maximum allocation of 2,80,898 shares generating up to 10.00 Crores.

Warrants Offer Details​

The company also approved the preferential issue of up to 7,02,246 Unlisted fully Convertible Warrants (Warrants). These warrants are equivalent to a future equity share with a face value of Rs 10, offered at a price of Rs 356 per warrant (including a premium of Rs 346). The total aggregate consideration for the warrants is up to Rs 24,99,99,576.

The allotment of these warrants targets three entities from the promoter group:

• Sukrit Bharati and Sukrit Bharati HUF were allocated 4,21,348 and 1,40,449 warrants respectively, with maximum considerations of 15.00 Crores and 5.00 Crores.
• Nikitha Shravan Poddatur was allotted a maximum of 1,40,449 warrants, targeted for a consideration of 5.00 Crores.

Details pertaining to the preferred issues are summarized below:

Corporate Governance and Future Actions​

The Board meeting also approved plans to hold an Extraordinary General Meeting (EGM) on Sunday, July 12, 2026, at 11:00 AM (IST). The EGM will be conducted via Video Conferencing or other Audio Visual Means.

The company has set July 05, 2026, as the Cut-off Date to determine the eligibility of members entitled to vote by remote e-voting. To ensure transparency in the process, the Board appointed M/s Vishal Thawani & Associates as the Scrutinizer for the EGM's e-voting process.

Post-Allotment Shareholding Analysis​

The company provided a detailed look at the projected post allotment shareholding, assuming full conversion of all outstanding warrants into equity shares by the Malabar India Fund Limited and other proposed allottees.

Table 1 shows the status of Promoter and Public shareholding prior to and after the preferential allocation:


The post-issue shareholding percentages are calculated as follows:

• Promoter and Promoter group shareholding is projected to move from 49.74% pre-issuance to 47.30% post-issuance (assuming full warrant conversion).
• Public shareholding is expected to shift from 50.26% to 52.70%.

Stock Price Movement​

Virtuoso Optoelectronics Ltd shares settled at ₹394.85 on Friday after declining 0.30%.
The stock traded during the day within a range, hitting a high of ₹405.00 and bottoming out at ₹391.00.