Description

Listing and trading approval for 8,79,121 equity shares of Virtuoso Optoelectronics Limited issued on preferential basis pursuant to warrant conversion, effective October 16, 2025.

Summary

BSE has approved the listing and trading of 8,79,121 new equity shares of Virtuoso Optoelectronics Limited (Scrip Code: 543597) with effect from October 16, 2025. These shares were issued to non-promoters on a preferential basis pursuant to the conversion of warrants at an issue price of Rs. 455 per share (face value Rs. 10 with premium of Rs. 445). The shares rank pari-passu with existing equity shares and are subject to a lock-in period.

Key Points

  • 8,79,121 equity shares of Rs. 10 each issued at Rs. 455 per share (including premium of Rs. 445)
  • Issued to non-promoters on preferential basis pursuant to warrant conversion
  • Shares rank pari-passu with existing equity shares
  • Trading commences on October 16, 2025
  • ISIN: INE0I0T01010
  • Distinctive Numbers: 29488757 to 30367877
  • Date of Allotment: September 23, 2025

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

Trading members are informed to note the listing and permit trading of these securities from October 16, 2025. The lock-in restrictions must be observed as per the specified terms.

Important Dates

  • Allotment Date: September 23, 2025
  • Trading Commencement: October 16, 2025
  • Lock-in Period Ends: May 30, 2026 (for all 8,79,121 shares)

Impact Assessment

This is a routine listing notification with minimal market impact. The preferential allotment represents a relatively small issuance to non-promoters through warrant conversion. The lock-in period until May 30, 2026 ensures these shares cannot be immediately traded by allottees, preventing sudden supply increase. The pari-passu ranking maintains equal rights for all shareholders. Overall impact on trading activity and stock price is expected to be limited.

Impact Justification

Routine listing notification for preferential allotment to non-promoters with standard lock-in period. Limited market impact given the modest share count and preferential nature of issuance.