Virtuoso Optoelectronics Completes Warrant Conversion, Allots 7,32,600 Shares to Malabar India Fund Ltd
Virtuoso Optoelectronics Limited has completed a preferential allotment of equity shares following the conversion of convertible warrants into stock. The company allotted 7,32,600 equity shares to Malabar India Fund Ltd, covering the remaining balance of warrants that were pending conversion.The latest transaction was executed in which the issue price for the shares was set at Rs. 455 per share, which includes a premium of Rs. 445 per share. The company received Rs. 24,99,99,750 against this tranche from Malabar India Fund Ltd, representing 75% of the issue price for these shares.
This allotment marks the conclusion of all outstanding warrants issued to the fund. Previously, the company had allotted shares upon conversion based on Board resolutions approved in September 2023, November 2025, and February 2026. Out of the initial 3,076,923 convertible warrants that were granted to Malabar India Fund Ltd, 7,32,600 remained for conversion at the time of this most recent allotment on July 21, 2026.
The completion of these conversions results in significant updates to the company’s capital structure and investor holding percentages, detailed below.
Company Capital Structure Post Allotment
The following table reflects the issued, subscribed, and paid-up capital of Virtuoso Optoelectronics Limited before and after the latest allotment:| Particulars | Before Current Allotment (Issued Shares) | After Current Allotment (Total Shares) |
|---|---|---|
| Equity Share Capital Number of Shares | 3,18,33,079 | 3,25,65,679 |
| Issued Capital Value (face value of Rs. 10/- each) | 31,83,30,790 INR | 32,56,56,790 INR |
Malabar India Fund Ltd Shareholding Update
The allocation of equity shares to the fund has led to an increase in their holding percentage of the company’s total issued capital:| Investor Particulars | Pre-Allotment (Shares) | Pre-Allotment (% of Total Issued Capital) | Post-Allotment (Shares) | Post-Allotment (% of Total Issued Capital) |
|---|---|---|---|---|
| Malabar India Fund Ltd | 25,19,323 | 7.91% | 32,51,923 | 9.98% |
The company confirmed that the newly allotted equity shares will rank pari passu with all existing equity shares in every respect, including voting rights and dividend payment capabilities.
VOEPL Stock Price Movement
As of 3:11 PM, shares of Virtuoso Optoelectronics Limited are slipping by 0.08% in live trading, currently valued at ₹510.8. The equity has seen significant activity, with a total traded volume of 203,023 shares recorded during the ongoing market session.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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