Virtuoso Optoelectronics proposes main board move, significant capital increase

Virtuoso Optoelectronics Limited is seeking shareholder approval for its migration from the BSE SME Platform to the Main Board of BSE Limited and the National Stock Exchange of India Limited. This move, recommended by the board, is expected to enhance recognition and increase retail investor participation. The company, listed on BSE SME since September 15, 2022, currently boasts a market capitalization exceeding INR 1500 crores.

In addition to the main board migration, the company proposes to increase its authorized share capital from INR 35,00,00,000 to INR 75,00,00,000. This capital increase, which involves altering the Capital Clause V(a) of the Memorandum of Association, is driven by anticipated fund requirements and future growth plans.

Shareholders will also vote on amendments to the 'VOEPL Employee Stock Option Scheme 2023' to improve its effectiveness and employee-friendliness. The postal ballot e-voting period runs from Saturday, October 25, 2025, at 9:00 a.m. (IST) to Sunday, November 23, 2025, at 5:00 p.m. (IST), with results expected by Tuesday, November 25, 2025.