On March 2, 2024, Virtuoso Optoelectronics Limited closed the transaction. The company issued 3,500,010 Equity shares at an issue price of INR 255.10 per share for gross proceeds of INR 892,852,551 and 3,150,000 Equity Warrants at an issue price of INR 255.10 per warrant for gross proceeds of INR 803,565,000, resulting aggregate gross proceeds of INR 1,696,417,551. The transaction included participation from Mahendrabhai Hirabhai Patel for 35,300 shares, Ekge Retail LLP for 20,000 shares, Indrasinh Zala Sajubha for 9,800 shares, Sunu P Mathews Family Pvt.

Trust for 100,000 shares and 100,000 warrants, Sanjana Cryogenic Storages Ltd for 100,000 shares, Anuj Agarwal for 100,000 shares, Alpana Mehta for 50,000 shares, Prachin Suppliers Pvt Ltd for 100,000 shares and 100,000 warrants, EM Investco Capital Advisors Pvt Ltd for 25,000 shares and 25,000 warrants, Cognizant Capital Dynamic Opportunities Fund for 90,000 shares, Indukant Vyapaar Pvt Ltd for 60,000 shares, Saraogi Viniyog Pvt. Ltd for 40,000 shares, Khubijal Writer for 50,000 shares, Copper Rollers Pvt Ltd for 50,000 shares, Anand Prakash Shah for 20,000 shares, Bortex Tracom Pvt. Ltd for 40,000 shares, Rajesh Khandubhai Patel for 100,000 shares, Anil Kumar Garg for 40,000 shares, Anjali Taparia for 735,500 shares, Apurva Shah for 207,000 shares, Aruna Taparia for 735,500 shares, Jyoti Taparia for 490,000 shares, Chetna Desai for 50,000 shares, Rajesh Agrawal for 100,000 shares, Seven Alpha Investors Pvt.

Ltd. for 75,000 shares, Sharad Taparia for 39,000 shares, Nikita Goenka for 10,000 shares, Visco Trade Associates Limited for 28,000 shares, Saurav Raidani for 100,000 warrants, Rachna Goenka for 100,000 warrants, Harit Exports Private Limited for 200,000 warrants, Rashi Fincorp Limited for 200,000 warrants, Vishal Sampat for 100,000 warrants, Sandeep Dadia for 50,000 warrants, Sanjay Bhagat for 100,000 warrants, Amodini Sales Private Limited for 140,000 warrants, Prabhudas Liladher Advisory Services Pvt. Ltd for 175,000 warrants, Shruthi Murali for 300,000 warrants, Anup Agrawal for 30,000 warrants, Nikhil Agrawal for 10,000 warrants, Ravindra Sanghai for 10,000 warrants, Padmalaxmi Wealth Creators LLP for 10,000 warrants, Sameer Rajan Pathare for 50,000 warrants, Sukrit Bharati for 600,000 warrants, Nikitha Shravan Poddatur for 250,000 warrants, Bharati Ravindra HUF for 250,000 warrants and Ravindra Subhashchandra Bharati for 250,000 warrants.