Virtuoso Optoelectronics Limited has completed the final conversion of warrants into equity shares allotted to Malabar India Fund Ltd. This disclosure is made pursuant to Regulation 30 of the SEBI Listing Regulations.

Historical Context and Previous Allotments

The company had originally allotted 3,076,923 convertible warrants of face value ₹10 each at a price of ₹455 per warrant (including a premium of ₹445 per warrant) to Malabar India Fund Ltd on August 26, 2025. The total issue amounted to ₹139,99,99,965.

At the time of original allotment, 25% of the issue price (₹34,99,99,991.25) was received as the initial subscription amount.

Subsequent conversions were approved and completed as follows:

  • September 23, 2023 (circular resolution): 8,79,121 equity shares
  • November 07, 2025 (board meeting): 5,86,081 equity shares
  • February 06, 2026 (board meeting): 8,79,121 equity shares

After these conversions, 7,32,600 warrants remained pending for conversion.

Current Allotment Details

The Board of Directors approved the final conversion in their meeting held on July 21, 2026 (from 02:30 pm to 02:45 pm).

  • Number of warrants converted: 7,32,600
  • Number of equity shares allotted: 7,32,600
  • Issue price: ₹455 per share (including premium of ₹445)
  • Amount received: ₹24,99,99,750 (being 75% of the issue price for this tranche)
  • Allottee: Malabar India Fund Ltd (Non-promoter)
  • Basis: Preferential allotment pursuant to SEBI (ICDR) Regulations, 2018

Capital Structure Impact

Issued, Subscribed and Paid-up Capital Change:

| Particulars | Before Allotment | | After Allotment | |

|-------------|------------------|-|-----------------|-|

| | Number of Shares | Value (₹) | Number of Shares | Value (₹) |

| Issued Capital | 3,18,33,079 | 31,83,30,790 | 3,25,65,679 | 32,56,56,790 |

| Subscribed and Paid-up Capital | 3,18,33,079 | 31,83,30,790 | 3,25,65,679 | 32,56,56,790 |

Shareholding Pattern Change for Malabar India Fund Ltd

| | Pre-Allotment | % of Total Issued Capital | Post-Allotment | % of Total Issued Capital |

|-|---------------|--------------------------|----------------|--------------------------|

| Shares Held | 25,19,323 | 7.91% | 32,51,923 | 9.98% |

Completion Status

Post this allotment, no warrants remain pending for conversion into equity. The entire issue of 3,076,923 warrants has been fully converted.

Terms and Conditions

The equity shares allotted shall rank pari passu with the existing equity shares of the Company in all respects, including payment of dividend and voting rights.

Annexure A Details

The annexure provides additional disclosure requirements:

  • Type of securities: Fully paid-up equity shares upon conversion of share warrants
  • Type of issuance: Preferential allotment
  • Total securities: 7,32,600 equity shares of face value ₹10 each
  • Investor name: Malabar India Fund Ltd
  • Number of investors: 1