Cellecor Completes Preferential Allotment of Warrants to Promoter Ravi Agarwal

Cellecor Completes Preferential Allotment of Warrants to Promoter Ravi Agarwal​

Cellecor Gadgets Limited has completed the preferential allotment of remaining fully Convertible Warrants (Warrants) to Mr. Ravi Agarwal, Managing Director and Promoter of the company. This transaction signals the completion of the total approved issuance under the recent board meeting.

The Board of Directors of Cellecor Gadgets Limited considered and approved the allotment of 92,75,000 fully Convertible Warrants on a preferential basis to Mr. Ravi Agarwal during its meeting held on Thursday, June 04, 2026. The warrants carry the right to subscribe to one Equity Share with a face value of Re.1/- per Warrant, and were allotted at an issue price of Rs. 28/- (Rupees Twenty-Eight Only).

This latest allotment completes the entire approved preferential issuance of Warrants, which totals up to 3,50,00,000 Warrants. The transaction reiterates the Promoter's continued commitment and confidence in Cellecor Gadgets Limited’s long term vision and growth prospects. This cumulative fund infusion is expected to strengthen the company's financial position, augment its capital base, and support its ongoing and future expansion plans.

The allotment was executed after receiving stipulated subscription amounts, which constituted 25% of the Issue Price. Each allotted Warrant can be converted into or exchanged for one fully paid-up equity share upon payment of the balance consideration, equivalent to 75% of the Warrant Issue Price. This payment must be made by the Allottee within 18 months from the date of allotment.

Cellecor Gadgets Limited was noted in the report as a company formerly known as Unitel Info Limited and Unitel Info Pvt. Ltd.

CELLECOR Stock Price Movement​

Today, Cellecor Gadgets Limited stock closed up 1.51%, settling at ₹36.90. The equity saw a trading range between ₹35.20 and ₹37.50 amid total traded volume of 294,000 shares.