Virtuoso Optoelectronics Issues Corrigendum for EGM Regarding Preferential Issue of Shares and Warrants
Virtuoso Optoelectronics Limited has issued a Corrigendum notice related to its Extra Ordinary General Meeting (EGM), originally scheduled for Sunday, July 12, 2026. The meeting is slated to be held via Video Conferencing or other Audio-Visual Means at 11:00 A.M. IST.The EGM concerns the proposed preferential issue of equity shares and fully convertible warrants by the company. The offer involves up to 1,85,392 Equity Shares with a face value of Rs. 10 each, offered at a price of Rs. 356/- per share (including a premium of Rs. 346/-). This component aggregates up to Rs. 59,99,99,552/-. Furthermore, the company is offering up to 7,02,246 Unlisted fully Convertible warrants at a price of Rs. 356/- per warrant (including a premium of Rs. 346/-), which aggregates up to Rs 24,99,99,576/-.
The Corrigendum details several key revisions and updates concerning the explanatory statement that forms part of the EGM Notice.
Key Revisions in Preferential Issue Details:
One material change relates to the relevant date for determining the floor price for the preferential issue of Equity Shares and Warrants, which is set as Friday, June 12, 2026, making it thirty days prior to the scheduled Extraordinary General Meeting.
Regarding the intention of the company's promoters, directors, key managerial personnel, or senior management to subscribe to the offer, the Corrigendum clarifies that none of the other Promoters, members of the Promoter Group, Directors, or Key Managerial Personnel of the Company will subscribe to the proposed issue and will not be making any contribution.
Additionally, updates have been made to provide details on the identity of natural persons who are the ultimate beneficial owners of select proposed allottees.
Ultimate Beneficial Owner (UBO) Details
The Corrigendum provides specific data regarding one selected allottee in its explanatory statement:
| Name of Investor | Identity of Natural Person who is the Ultimate Beneficial Owner | Pre Issue Shares | % | Post Issue Shares | % |
|---|---|---|---|---|---|
| Sukrit Bharati HUF | Sukrit Bharati (Karta) | Nil | Nil | 1,40,449 | 0.40 |
The issue of the Equity Shares and Warrants is confirmed as being made in accordance with the requirements set forth by the Practicing Company Secretary of the Company, M/s Prachi Bansal and Associates, who issued a certificate confirming these details on June 20, 2026.
This Corrigendum, which was issued on July 7, 2026, updates the original EGM Notice dated Saturday, June 20, 2026. The Corrigendum forms an integral part of the EGM Notice and must be read in conjunction with it. All other contents of the original EGM Notice remain unchanged.
VOEPL Stock Price Movement
Shares of Virtuoso Optoelectronics Limited slipped today by 1.73% to settle at ₹465.35. The stock traded within an intraday range of ₹489.00 and a low of ₹458.10, with trading activity reaching 62,595 shares.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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