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Cellecor has announced a board meeting on which it approved the allotment of 30 lakh equity shares to promoter Santosh Singhal following the full conversion of warrants at Rs. 40.20 each. This raised Rs. 9.04 Cr, strengthening the company’s capital base. Post allotment, the paid-up equity capital stands at ₹22.07 Cr with these shares representing 1.36% of equity. The funds raised will be dedicated to fueling Cellecor’s growth strategy, balancing aggressive expansion with sustainability. No warrants remain outstanding after this conversion.