Cellecor Gadgets Limited has successfully concluded its postal ballot process, with shareholders passing a special resolution approving the issuance of up to 3,50,00,000 (Three Crore Fifty Lakh Only) fully convertible warrants on a preferential basis to Ravi Agarwal, Managing Director and Promoter of the company. The postal ballot, conducted through remote e-voting via NSDL, concluded on Thursday, May 07, 2026, with the scrutinizer's report issued on May 08, 2026.

Postal Ballot Overview

The postal ballot notice was dated April 07, 2026, and the remote e-voting window commenced at 09:00 A.M. IST on Wednesday, April 08, 2026, closing at 05:00 P.M. IST on Thursday, May 07, 2026. The cut-off date for determining eligible shareholders was Friday, April 03, 2026. A total of 4,919 shareholders were on record as of the cut-off date. The scrutiny was conducted by Ms. Anu Malhotra, Proprietor of M/s Anu Malhotra & Associates, Practicing Company Secretaries, who was appointed by the Board of Directors at its meeting held on April 07, 2026.

Special Resolution: Preferential Issuance of Fully Convertible Warrants

The sole resolution put to vote was a special resolution concerning the issuance of up to 3,50,00,000 (Three Crore Fifty Lakh Only) fully convertible warrants on a preferential basis to Mr. Ravi Agarwal, Managing Director and Promoter of the company. The promoter and promoter group were noted as interested parties in this resolution. The resolution was passed with the requisite majority.

Voting Results

The following table summarises the category-wise voting outcome for the special resolution:

All votes cast were valid, with zero invalid votes recorded across all shareholder categories.

Scrutinizer's Findings

Scrutinizer Ms. Anu Malhotra confirmed the following breakdown of votes for the special resolution:

The scrutinizer confirmed that all electronic data and relevant records of the e-voting process have been handed over to the Company Secretary for safe keeping. The voting results and scrutinizer's report are accessible on the company's website at www.cellecor.com and on the NSDL e-voting portal at www.evoting.nsdl.com . The results were submitted to the National Stock Exchange of India Limited on May 08, 2026, by Ravi Agarwal, Managing Director.

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.