We hereby inform that Board of Directors approved allotment of equity shares 879121 on conversion of tranche of 879121 warrants.
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Virtuoso Optoelectronics Ltd's board approved the allotment of 879,121 equity shares to Malabar India Fund Ltd following the conversion of an equivalent number of warrants at Rs. 455 per share (including Rs. 445 premium). This is the first tranche of a larger 3,076,923-warrant preferential allotment made on August 26, 2025, for which the company received Rs. 30 crore (75% of the tranche issue price). Post-allotment, Malabar India Fund Ltd holds 2.89% of the company's issued capital, and the paid-up equity capital has risen from Rs. 29.49 crore to Rs. 30.37 crore. The balance of 2,197,802 warrants remains convertible by Malabar India Fund Ltd up to August 25, 2026.
The conversion increases the share count by roughly 3%, causing mild dilution for existing shareholders, but brings in fresh capital (Rs. 30 crore tranche) from a reputed institutional investor. Backed by Malabar's continued investment, the news may be viewed as a signal of institutional confidence in the company.