Cellecor Gadgets Limited has successfully completed the closure of its USD 33 million foreign currency convertible bonds (FCCB) issue on April 24, 2026. The company informed the National Stock Exchange of India Limited about this significant milestone under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

FCCB Issue Details

The bond issue was structured with attractive terms for investors and represented a substantial fundraising effort by the company.

Board Approval and Timeline

The FCCB issue received board approval during a meeting held on April 14, 2026. Following the board's decision, the issue was opened on April 22, 2026, and remained open for subscription for two business days before closing on April 24, 2026.

Subscription Success

The offering achieved full subscription according to the terms outlined in the offering circular. This complete subscription demonstrates strong investor confidence in Cellecor Gadgets Limited's growth prospects and financial strategy. The successful closure of the FCCB issue provides the company with significant foreign currency funding for its business operations and expansion plans.

Regulatory Compliance

Chief Financial Officer Bindu Gupta signed the regulatory filing on behalf of Cellecor Gadgets Limited, ensuring compliance with stock exchange notification requirements. The company requested the National Stock Exchange to take the information on record and disseminate it to all concerned parties, maintaining transparency with stakeholders and the investment community.

Cellecor Gadgets has received regulatory approval to raise up to ₹980 million through the issuance of preferential convertible warrants, marking a significant capital raising initiative for the electronics manufacturer.

Warrant Allotment Details

The company has successfully allotted preferential convertible warrants to Ravi Agarwal at a price of ₹28 per share. This strategic allocation represents a key component of the company's fundraising strategy.

Market Position

Cellecor Gadgets currently maintains a market capitalization of ₹640 crores, reflecting its position in the electronics and gadgets sector. The successful approval for this substantial fundraising indicates regulatory confidence in the company's business model and future prospects.

Strategic Implications

The preferential allotment of convertible warrants provides the company with access to significant capital while offering the warrant holder the flexibility to convert these instruments into equity shares at a later date. This funding mechanism allows Cellecor Gadgets to strengthen its financial position while maintaining operational flexibility for future growth initiatives.