EGM proceedings: preferential issue of equity shares placed before shareholders
The EGM (02/2026-27) was held on Thursday, September 24, 2026 via video conferencing, from 11:00 a.m. to 11:15 a.m.
- Meeting Date
- Thursday, September 24, 2026
- Meeting Duration
- 11:00 a.m. to 11:15 a.m.
- Meeting Format
- Video conferencing
- Chair
- Mr. Sukrit Bharati, Managing Director
- Special Business
- Issuance of equity shares to certain identified persons/entity on preferential basis as Special Resolution
What was shared
The company submitted the proceedings of its Extra Ordinary General Meeting numbered 02/2026-27, held on Thursday, September 24, 2026 through Video Conferencing / Other Audio-Visual Means. The meeting commenced at 11:00 a.m. and concluded at 11:15 a.m.
Who conducted it
- Mr. Sukrit Bharati, Chairman and Managing Director, chaired the meeting.
- The Company Secretary confirmed the notice was sent by e-mail to members and requisite quorum was present.
- CS Vishal Thawani of M/s. VTSN and Associates LLP was appointed as Scrutinizer to conduct the e-voting.
Business placed before members
- Special Business: Issuance of Equity Shares of the Company to certain identified persons/ entity on Preferential Basis, proposed as a Special Resolution.
Voting
Members were given the facility to cast votes electronically ahead of the meeting, and remote/e-voting was also available during the meeting for those who had not already voted.
What to watch
The detailed voting results in the format prescribed under SEBI LODR will be submitted separately. That update will show whether the special resolution was passed and with what level of support. A preferential issue, if completed, brings fresh shares into existence, which can change the shareholding pattern and dilute existing holders depending on the size and price of the allotment.
Also from Virtuoso Optoelectronics
EGM notice update: promoters, directors, KMP and senior management will not subscribe to the proposed issue
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Virtuoso Optoelectronics to hold Plant Visit & Management Meet with analysts on 9 October 2026, organized by Yes Securities
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