Virtuoso Optoelectronics Limited held a Board of Directors meeting on August 12, 2026, which commenced at 04:20 pm IST and concluded at 06:00 pm IST. The meeting addressed several key agenda items pursuant to SEBI Listing Obligations and Disclosure Requirements Regulations.
Unaudited Financial Results for Q1 FY27
The Board approved the unaudited financial results for the quarter ended June 30, 2026:
Standalone Financial Results (₹ in Lakhs):
- Revenue from operations: ₹3,754.741 (vs. ₹2,018.944 in Q1 FY26, +86% YoY)
- Other Income: ₹109.40
- Total Income: ₹3,765.681
- Profit before tax: ₹1,208.31
- Total tax expense: ₹369.52 (Current tax: ₹276.40, Deferred tax: ₹93.12)
- Profit for the period: ₹838.79
- Basic EPS: ₹2.63 (not annualized)
Consolidated Financial Results (₹ in Lakhs):
- Revenue from operations: ₹3,758.818 (vs. ₹2,031.859 in Q1 FY26, +85% YoY)
- Other Income: ₹71.61
- Total Income: ₹3,766.579
- Profit before tax: ₹1,301.18
- Total tax expense: ₹396.11 (Current tax: ₹280.03, Deferred tax: ₹116.08)
- Profit for the period: ₹905.07
- Basic EPS: ₹2.84 (not annualized)
The financial results were reviewed by the Audit Committee and approved by the Board. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and will be published in one English and one vernacular newspaper, in addition to being available on the company website at www.voepl.com.
Acquisition of Equity Shares in Virtuoso Polymers Private Limited
The Board approved the acquisition of 17,452 equity shares of Virtuoso Polymers Private Limited (VPPL) at a price of ₹5,730 per share, aggregating to ₹9,99,99,960 (Rupees Nine Crore Ninety-Nine Lakh Ninety-Nine Thousand Nine Hundred and Sixty only).
VPPL is a wholly-owned subsidiary of the company, incorporated on July 29, 2024, primarily engaged in manufacturing plastic components for appliances including plastic extrusion, plastic molding, and Expanded Polystyrene (EPS) components used in equipment including air conditioners.
Key details of VPPL (as of March 31, 2026):
- Networth: ₹2,45,63,978
- Turnover: ₹32,13,67,540
- Authorised Capital: ₹50,00,000
- Paid Up Capital: ₹10,00,000
- FY 2025-26 Turnover: ₹32,13,67,540
- FY 2024-25 Turnover: ₹31,17,559
The transaction represents the conversion of an outstanding Inter-Corporate Deposit (ICD) amount of ₹9,99,99,960 out of total ₹15 crore given by the company to VPPL, with the purpose of reducing the interest burden of VPPL. The conversion has no financial impact on the company as it is already holding 100% shares of VPPL. No regulatory approvals are required, and the completion is expected within 30 days.
Resignation of Internal Auditor
M/s. Pooja M Kulkarni & Co., Chartered Accountants (FRN No. 116941W) tendered their resignation as Internal Auditor of the company for FY 2026-27 with immediate effect from August 12, 2026, citing professional commitments. The resignation was accepted by the Board.
Appointment of New Internal Auditor
Pursuant to the recommendation from the Audit Committee, the Board appointed M/s. Tolwani & Associates, Chartered Accountants (Firm Registration No. 0143638W) as Internal Auditor of the company for FY 2026-27.
Details of the new auditor:
- Date of Appointment: August 12, 2026
- Term: To conduct Internal Audit for FY 2026-27
- Profile: Chartered Accountancy firm based at Chh. Sambhajinagar (Aurangabad), serving companies across Marathwada and Maharashtra with Big-4 trained assurance discipline
- Not related to any directors of the company
Business Segment Information
The company operates in a single primary business segment "Consumer Electronics Goods" which includes manufacturing, selling and marketing of Air Conditioners, Water Dispensers, Deep Freezers, Lighting and their components, as well as Electronics Manufacturing Services (EMS).
Subsidiary Update
Virtuoso Compressors Private Limited, a subsidiary company, issued Optionally Convertible Debentures (OCD) of ₹7,500.00 lakhs during the reported period to undertake capital expenditure and working capital requirements.