Virtuoso Optoelectronics board approves preferential warrant issue

The Board of Directors of Virtuoso Optoelectronics Limited (BSE: 543597) approved a preferential issue of up to 3,076,923 fully convertible warrants to a proposed allottee, as announced on June 26, 2025. Each warrant, priced at INR 455, is convertible into one equity share of the company with a face value of INR 10. The issue aims to raise up to INR 1,399,999,965. The board also approved holding an Extraordinary General Meeting on July 23, 2025, to seek shareholder approval for the issue. Wednesday, July 16, 2025, has been set as the record date for e-voting eligibility. Additionally, the board accepted the resignation of Company Secretary Vibhuti Kulkarni, effective July 4, 2025.