Corporate News
Virtuoso Optoelectronics Limited is issuing 3,66,43,176 shares through a preferential allotment to ICICI Prudential SmallCap Fund, ICICI Prudential Retirement Fund- Hybrid Aggressive Plan, Clarus Capital II, and individual investors Sukrit Bharati, Nikitha Poddatur, and Sukrit Bharati HUF, with 7,02,246 warrants also being issued. The allotment, approved by shareholders at an Extraordinary General Meeting on July 12, 2026, and by the Board of Directors on August 29, 2026, is being conducted in compliance with the Securities and Exchange Board of India (Issue of Debt Securities) Regulations, 2018. The company and its directors are not listed as willful defaulters, fraudulent borrowers, or fugitive economic offenders, and the allottees have not recently sold shares. The new shares will rank pari passu with existing shares and will be listed on the relevant stock exchange, subject to a lock-in period as per SEBI regulations.