Virtuoso Optoelectronics converts warrants, boosting capital with Malabar India Fund investment

Virtuoso Optoelectronics Limited announced on September 23, 2025, the allotment of 879,121 equity shares to Malabar India Fund Ltd. This allotment results from the conversion of an equal number of warrants, part of a preferential allotment originally made on August 26, 2025. The equity shares were issued at INR 455 per share, including a premium of INR 445, upon receipt of INR 30,00,00,041.25 from Malabar India Fund Ltd.

This conversion increases Virtuoso Optoelectronics' total issued, subscribed, and paid-up capital. Before the allotment, the company had 2,94,88,756 shares valued at INR 29,48,87,560. Post-allotment, the figures rose to 3,03,67,877 shares, with a value of INR 30,36,78,770. Malabar India Fund Ltd's stake in the total issued capital now stands at 2.89% post-allotment, from 0% previously.

Malabar India Fund Ltd still holds a balance of 2,197,802 convertible warrants, with the option to convert them by August 25, 2026. The newly allotted equity shares rank pari passu with existing equity shares, including dividend and voting rights.