VOEPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Virtuoso Optoelectronics Ltd has issued a corrigendum to its EGM Notice (originally dated June 30, 2025) for the EGM scheduled on Wednesday, July 23, 2025 at 12:00 p.m. IST via Video Conferencing. The corrigendum was filed in response to observations received from BSE regarding the proposed preferential issue of up to 30,76,923 fully convertible warrants at Rs. 455 per warrant (including a Rs. 445 premium), aggregating up to approximately Rs. 140 crores. These warrants carry the right to be converted into equity shares of Rs. 10 face value within 12 months from allotment. The additional disclosures include a Practicing Company Secretary's certificate from M/s Prachi Bansal & Associates (dated June 30, 2025) confirming compliance with SEBI (ICDR) Regulations, and a note that no assets are being charged as security (not applicable). All other contents of the original EGM Notice remain unchanged.
This is a procedural/clarification update with no material change for shareholders - the core EGM agenda of approving the Rs. 140 crore preferential warrant issue remains intact. If the warrants are converted within 12 months, existing shareholders will face dilution of up to 30,76,923 equity shares.