1. Voting Result 2. Scrutinizers Report 3. Proceedings
VOEPL · price
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Virtuoso Optoelectronics held a Postal Ballot via remote e-voting from October 25 to November 23, 2025, with 15 shareholders representing 1.59 crore equity shares participating. All three resolutions were passed with overwhelming majority. Resolution 1 (Special): Migration of equity shares from the BSE SME platform to the Main Board of BSE and NSE – passed with 99.81% in favour (excluding promoter votes, as required by SEBI ICDR rules). Resolution 2 (Special): Amendment to the VOEPL Employee Stock Option Scheme 2023, covering changes to vesting schedule (now 30%/30%/40% over 3rd, 4th, and 5th anniversaries), exercise periods, and treatment of options on resignation/retirement – passed with 99.997% in favour. Resolution 3 (Ordinary): Increase in authorised share capital from Rs. 35 crore to Rs. 75 crore (from 3.5 crore to 7.5 crore equity shares of Rs. 10 each) – passed with 99.998% in favour.
The SME-to-Main Board migration is the most material outcome, as it could improve stock visibility, liquidity, and attract institutional investors. The doubling of authorised capital gives the company headroom for future fundraising, expansion, or ESOP issuance, while the ESOP amendment extends the vesting horizon to 5 years, supporting long-term employee retention.