Cellecor Gadgets Limited — Others, 10-07-2025: Shareholders meeting

Cellecor Gadgets Limited has announced a board meeting to seek shareholder approval via postal ballot for raising up to Rs. 250 Cr through issuance of equity shares, convertible securities, or debt instruments in one or more tranches. The company also proposes to increase its authorized share capital from Rs. 22.5 Cr to Rs. 30 Cr to support future capital needs. Additionally, the board seeks approval to enhance borrowing limits up to Rs. 1,000 Cr and to create charges or mortgages on company assets as security for such borrowings. These steps align with Cellecor’s strategic goal to achieve Rs. 5,000 Cr in sales over 3-4 years, providing financial flexibility for growth and expansion.