Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR Regulations'), we hereby inform that the Board of Directors of the ....
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Virtuoso Optoelectronics' Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) — the company's first quarterly results under Ind AS after migrating from the SME platform to mainboard reporting. Consolidated revenue from operations stood at Rs. 20,318.59 lakhs with net profit (after minority interest) of Rs. 640.44 lakhs and EPS of Rs. 2.18. Standalone net profit was Rs. 657.58 lakhs with EPS of Rs. 2.23. The Board also accepted the resignation of statutory auditor M/s. Jain Chhajed & Associates, who completed their mandatory 10-year tenure under the Companies Act, and appointed M/s. SKVM & Co. as the new statutory auditor for a 5-year term. Mr. Prasad Zinjurde was appointed as the new Company Secretary and Compliance Officer. The 10th AGM is scheduled for September 28, 2025. FY 2024-25 figures were restated from Indian GAAP to Ind AS, with a reconciliation table provided.
Routine leadership changes with no negative implications — the auditor transition is purely regulatory (10-year rotation cap) and the company reported profitable Q1 results. Investors should note that prior-year comparisons are not available due to the Ind AS transition, making trend analysis harder. The migration to mainboard reporting and new subsidiary in compressor electronics signals business expansion.