Cellecor Gadgets Limited has completed the allotment of the remaining 92,75,000 fully convertible warrants to its Managing Director and Promoter, Mr. Ravi Agarwal. The warrants were issued on a preferential basis at an issue price of ₹28 per warrant, carrying a right to subscribe to one equity share with a face value of Re. 1. This final tranche concludes the total approved issuance of up to 3,50,00,000 warrants, fully allotting the entire preferential issuance approved by the board.

The Board of Directors approved the allotment during a meeting held on June 04, 2026, at the registered office of the company. The decision follows an earlier intimation dated May 29, 2026, and complies with Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015. The company received 25% of the issue price as the subscription amount in accordance with Chapter V of the SEBI ICDR Regulations.

The cumulative fund infusion from this issuance is expected to strengthen the company's financial position, augment its capital base, and support ongoing and future expansion plans. The company stated that this preferential allotment reiterates the promoter's continued commitment and confidence in its long-term vision and growth prospects.

Each allotted warrant is convertible into one fully paid-up equity share upon payment of the balance consideration, which is 75% of the warrant issue price. The allottees must pay this balance within 18 months from the date of allotment. The warrants and the resulting equity shares will be subject to applicable lock-in requirements as prescribed under Chapter V of the SEBI ICDR Regulations, 2018.

The board meeting commenced at 06:00 P.M. and concluded at 06:15 P.M. on June 04, 2026. The filing was submitted by Bindu Gupta, Chief Financial Officer of Cellecor Gadgets Limited.

Allotment Details

Cellecor Gadgets Limited reported audited standalone and consolidated financial results for the half year and financial year ended March 31, 2026, approved by the Board of Directors at their meeting held on May 14, 2026. The company posted a Profit After Tax (PAT) of ₹39.61 crore for FY26, reflecting a 28% year-on-year growth over ₹30.90 crore in FY25. Revenue from operations stood at ₹1,291.81 crore, marking a 26% increase from ₹1,025.95 crore in the previous year. The statutory auditor, M/s Ambani & Associates LLP, issued an unmodified opinion on the standalone audited financial results.

Financial Performance

The company's total income for FY26 reached ₹1,292.20 crore compared to ₹1,025.99 crore in FY25. EBITDA for FY26 stood at ₹72 crore, a 32% increase from ₹54 crore in the previous year, with the EBITDA margin improving to 5.54% from 5.29% in FY25. Net profit margin also improved slightly to 3.07% from 3.01% in the preceding year. The following table presents the key standalone financial metrics for FY26:

For the second half of FY26 (half year ended March 31, 2026), standalone income from operations was ₹65,032.44 lakhs, compared to ₹60,023.21 lakhs in the corresponding period of the previous year. Net profit for the half year ended March 31, 2026 stood at ₹2,007.89 lakhs versus ₹1,627.91 lakhs in the same period of FY25.

Balance Sheet Highlights

The standalone balance sheet as on March 31, 2026 reflects significant expansion in the company's asset base. Total assets grew to ₹46,780.30 lakhs from ₹33,549.36 lakhs as on March 31, 2025. Total shareholders' funds increased to ₹20,466.80 lakhs from ₹15,601.22 lakhs, driven by higher reserves and surplus of ₹18,260.02 lakhs. The key balance sheet items are summarised below:

Net cash flows from operating activities for FY26 stood at ₹110.92 lakhs, a significant improvement from negative ₹3,273.39 lakhs in FY25. Cash and cash equivalents at the end of FY26 were ₹3,084.70 lakhs, up from ₹2,175.88 lakhs at the beginning of the period.

Corporate Actions

At the same Board meeting, the directors approved the allotment of 16,49,138 fully paid-up equity shares of face value ₹1/- each at a conversion price of ₹29/- per equity share, upon receipt of a notice for partial conversion of 2% Unsecured Foreign Currency Convertible Bonds (FCCBs) due 2031, against a principal value of USD 500,000. Consequent to this allotment, the paid-up equity share capital of the company stands increased to ₹22,23,26,938/-, divided into 22,23,26,938 fully paid-up equity shares of ₹1/- each. The outstanding principal value of FCCBs, as listed at Affrinex Exchange, stands reduced to USD 32,500,000.

The Board also appointed Ms. CS Divya Rani, Proprietor of M/s. Divya Rani & Associates, Practicing Company Secretary (COP No. 26426, Membership No. A64841), as the Secretarial Auditor of the company to conduct the Secretarial Audit for the financial year 2025-26. Additionally, the Board confirmed that no interim dividend has been recommended for the year ended March 31, 2026.

Operational Highlights and Strategic Expansion

Cellecor expanded its retail footprint significantly during the year, reaching over 1 lakh retail touchpoints across the Indian market. The company launched eight exclusive brand stores in key locations including Delhi, Bhopal, Mizoram, and Leh Ladakh, and inaugurated its South India Regional Office in Bengaluru to strengthen its presence across Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Kerala. The company also expanded its product portfolio by entering new categories such as Air Fryers, Multi-Cook Kettles, Nutri Blenders, ACs, and Commercial Coolers, with strategic partnerships including a collaboration with Yash Fans for ceiling fans further diversifying its offerings.

In January 2026, Cellecor incorporated a Wholly Owned Subsidiary in the United Kingdom and a Step-Down Subsidiary in Africa, marking its entry into international markets. The Consolidated Financial Statements include the financials of Cellecor Gadgets Limited and its subsidiary Cellecor Gadgets Europe Limited, prepared in accordance with AS 21 and Section 129(3) of the Companies Act, 2013. The company has set a revenue target of approximately ₹1,800 crore to ₹2,000 crore for the upcoming financial year, with a projected PAT target of ₹60 crore to ₹70 crore in the Indian market, and plans to further strengthen its global presence through expansion into Africa, East Asia, and South Asian markets.