Key Quantitative Figures

Standalone Financial Results (Quarter Ended June 30, 2026):

  • Revenue from operations: ₹375.47 crore
  • Other income: ₹1.09 crore
  • Total income: ₹376.57 crore
  • Profit before tax: ₹12.08 crore
  • Current tax: ₹2.76 crore
  • Deferred tax liability: ₹0.93 crore
  • Total tax expense: ₹3.70 crore
  • Profit for the year: ₹8.39 crore
  • Basic EPS: ₹2.63
  • Diluted EPS: ₹2.63

Consolidated Financial Results (Quarter Ended June 30, 2026):

  • Revenue from operations: ₹376.66 crore
  • Other income: ₹0.99 crore
  • Total income: ₹377.65 crore
  • Profit before tax: ₹13.01 crore
  • Current tax: ₹2.80 crore
  • Deferred tax liability: ₹1.16 crore
  • Total tax expense: ₹3.96 crore
  • Profit for the year: ₹9.05 crore
  • Basic EPS: ₹2.84
  • Diluted EPS: ₹2.84

Subsidiary Financials (Virtuoso Polymers Private Limited as of March 31, 2026):

  • Networth: ₹2.46 crore
  • Turnover: ₹32.14 crore
  • Authorized capital: ₹5.00 lakh
  • Paid-up capital: ₹1.00 lakh

Transaction Details

ICD Conversion to Equity:

  • Acquisition of 17,452 equity shares of Virtuoso Polymers Private Limited (wholly owned subsidiary)
  • Price per share: ₹5,730
  • Total consideration: ₹9,99,99,960 (₹9.99 crore)
  • Transaction type: Conversion of outstanding inter-corporate deposit
  • No financial impact on the company
  • Arm's length transaction
  • Completion timeframe: Within 30 days
  • No regulatory approvals required

Virtuoso Compressors Private Limited Funding:

  • Issued Optionally Convertible Debentures (OCD) of ₹75 crore during reported period
  • Purpose: Capital expenditure and working capital requirements

Dates of Action

  • Board meeting date: August 12, 2026 (commenced 4:20 PM, concluded 6:00 PM IST)
  • Financial results period: Quarter ended June 30, 2026
  • Clarification letter date: September 04, 2026
  • Internal auditor resignation effective: August 12, 2026
  • New internal auditor appointment: August 12, 2026

Parties Involved

Companies:

  • Virtuoso Optoelectronics Limited (holding company)
  • Virtuoso Polymers Private Limited (wholly owned subsidiary)
  • YLP Solutions Private Limited (subsidiary)
  • Virtuoso Compressors Private Limited (subsidiary)

Auditors:

  • SKVM & Co. (Independent auditors for financial results review)
  • Pooja M Kulkarni & Co., Chartered Accountants (FRN 116941W) - Resigned internal auditor
  • Tolwani & Associates, Chartered Accountants (FRN 0143638W) - New internal auditor

Governance Changes

Internal Auditor Resignation:

  • M/s Pooja M Kulkarni & Co. resigned effective August 12, 2026
  • Reason: Professional commitments
  • FRN: 116941W

Internal Auditor Appointment:

  • M/s Tolwani & Associates appointed for FY 2026-27
  • FRN: 0143638W
  • Profile: Chartered accountancy firm based in Chh. Sambhajinagar (Aurangabad)
  • Not related to any directors of the company

Regulatory Compliance Matter

GST Tax Demand:

  • Order dated December 17, 2024 raising GST tax demand of ₹4.76 crore
  • Includes applicable interest and penalty
  • Appeal filed before appropriate appellate authority
  • Matter currently under litigation

Business Context

  • Primary business: Manufacturing, selling and marketing of Consumer Electronics Goods
  • Products: Air Conditioners, Water Dispensers, Deep Freezers, Lighting and components
  • Additional services: Electronics Manufacturing Services (EMS)
  • Single operating segment: Consumer Electronics Goods
  • Operating segment disclosure under Ind AS 108 not applicable

Clarification Notice

  • Reference to NSE emails dated September 03, 2026 regarding financial results clarification
  • Omission of name, designation, date and place of signing from financial results due to inadvertent clerical error
  • Company assures due diligence in future submissions
  • No intention to withhold, conceal or misrepresent information