Cellecor Gadgets Limited — Board Meeting, 29-10-2024: Outcome of Board Meeting

Cellecor Gadgets Limited's Board of Directors has approved the allotment of 80,00,000 equity shares to non-promoter public investors and 30,00,000 fully convertible warrants to the promoter group on a preferential basis. The shares are issued at an issue price of Rs. 40.20 each, increasing the company's paid-up capital to Rs. 21,76,77,800. The new shares rank equally with existing shares, while the warrants can be converted into equity within 18 months of allotment.