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Cellecor Gadgets' Finance Committee approved the partial conversion of its 2% Unsecured Foreign Currency Convertible Bonds (FCCBs). Following a conversion notice for USD 4,500,000, the company allotted 1,48,11,207 new equity shares at INR 29 each. This conversion increases the paid-up equity share capital to INR 23.71 Cr and reduces the outstanding FCCB principal value to USD 28,000,000. This move strengthens the balance sheet by converting debt into equity, impacting shareholder structure and reducing future interest obligations.