The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Malabar India Fund Ltd
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Awaiting price reaction for this filing.
Malabar India Fund Limited, a foreign institutional investor (not a promoter), has disclosed the conversion of 8,79,121 warrants into equity shares of Virtuoso Optoelectronics Ltd on 06 Feb 2026. Although the total number of shares held by Malabar remained unchanged at 30,76,923, its voting percentage in the company rose from 4.73% to 7.36% because the company's overall share capital expanded from about 3.10 crore to 3.18 crore shares. This increase in proportionate holding triggered the 5% disclosure requirement under SEBI's Takeover Regulations. Malabar now also still holds 7,32,600 outstanding warrants that may convert in the future.
Crossing the 5% mark signals growing institutional conviction in Virtuoso Optoelectronics and may draw additional FII attention. However, it also means Malabar is now subject to ongoing disclosure obligations and is approaching further regulatory thresholds (10%) that could require an open offer.