Virtuoso Optoelectronics Completes Preferential Allotment of Equity Shares and Convertible Warrants
Virtuoso Optoelectronics Limited announced the completion of a preferential allotment involving equity shares and unlisted fully convertible warrants. The allotment, approved by the company's Board of Directors on August 13, 2026, involved five investors, significantly increasing the company's paid-up equity share capital.The company allotted 16,85,392 Equity Shares and 7,02,246 unlisted fully convertible Warrants to various allottees on a preferential basis. Both the equity shares and the warrants were issued at a price of Rs. 356/- per unit, which includes a premium of Rs. 346/- per share or warrant.
The total proceeds from the issue of these securities include:
- Equity Shares: Aggregating to Rs. 59,99,99,552/- (16,85,392 shares at Rs. 356/- each).
- Warrants: Aggregating to Rs. 24,99,99,576/- (7,02,246 warrants at Rs. 356/- each).
Investor and Allotment Details
The allotment was made to a mix of promoter and non-promoter investors. The following table details the distribution and shareholding changes resulting from the transaction:| Sr. No | Name of Allottees | Type | Shares Allotted | Warrants Allotted | Post Issue Capital % |
|---|---|---|---|---|---|
| 1 | Malabar India Fund Limited (Non-promoter) | Non-promoter | 14,04,494 | -- | 13.32% |
| 2 | India Insight Value Fund (Non-promoter) | Non-promoter | 2,80,898 | -- | 3.76% |
| 3 | Sukrit Bharati (Promoter) | Promoter | -- | 4,21,348 | 44.86% |
| 4 | Sukrit Bharati HUF (Promoter group) | Promoter group | -- | 1,40,449 | 0.40% |
| 5 | Nikitha Poddatur (Promoter group) | Promoter group | -- | 1,40,449 | 1.35% |
The allotted equity shares are pari-passu in all aspects with the company's existing Equity Shares and are intended to be listed on both BSE Ltd and National Stock Exchange of India Limited.
Financial Post-Allotment Status
Following the allotment of these equity shares, the paid up Equity Share Capital of Virtuoso Optoelectronics Limited increased to Rs. 342,510,710. This capital comprises a total of 34,251,071 Equity Shares, each having a face value of Rs. 10/-.VOEPL Stock Price Movement
Shares of Virtuoso Optoelectronics Limited closed lower today, shedding 3.41% and settling at ₹497.60 following post-market trading. Despite transacting a volume of 174,861 shares, the stock closed down after having reached the critical 52-week high mark during the session, which peaked at ₹547.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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