Consumer Electronics Company Revises Fund-Raising to Rs 300 Crores & Incorporates Wholly Owned Subsidiary in Dubai
DSIJ Intelligence-1 / 23 Jul 2025/ Categories: Mindshare, Trending
The stock is up 33 per cent from its 52-week low of Rs 27 per share and has given multibagger returns of 286 per cent since its listing on NSE in September 2023.
Cellecor Gadgets Limited's Board of Directors met today, July 23, 2025, at their Registered Office in Delhi, to approve significant strategic initiatives. The Board revised the proposed fundraising amount to Rs 300 crore (Rupees Three Hundred Crores) from the previously approved Rs 50 crore. This adjustment necessitates an addendum/corrigendum to the postal ballot notice, dated July 8, 2025, which is currently seeking member approval with e-voting concluding on August 9, 2025. The company has authorised the circulation of this updated notice to all eligible shareholders.
In a move to strengthen its global footprint and tap into high-potential markets, Cellecor Gadgets Limited also approved the incorporation of a new wholly-owned subsidiary in a Dubai Free Zone. This new entity, to be named "CELLECOR GADGETS FZCO," aligns with the company's strategic intent to establish a robust presence in Dubai, recognised as a dynamic customer market. This expansion aims to enhance operational efficiency and support the company's long-term business objectives, with all necessary authorisations duly granted.
About the Company
Cellecor Gadgets Limited began its journey in 2012 as Unity Communications, a proprietorship firm founded by Mr. Ravi Agarwal, focusing on selling electronics under its brand. The company has since grown into a prominent name in the consumer electronics industry, known for its commitment to providing affordable, quality products. Cellecor achieves this through a sustainable business strategy that synergises, combining electronic product demand with a modern approach to sourcing, production, and marketing. Today, their diverse product range includes mobile phones, smart TVs, various audio devices, smartwatches, and home appliances.
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Results: According to half-yearly results, the net sales increased by 106 per cent to Rs 600.23 crore, Profit before tax (PBT) increased by 79 per cent to Rs 21.76 crore and net profit increased by 79 per cent to Rs 16.28 crore in H2FY25 compared to H2FY24. In its annual results, the net sales increased by 105 per cent to Rs 1,025.95 crore, Profit before tax (PBT) increased by 91 per cent to Rs 41.43 crore and net profit increased by 92 per cent to Rs 30.90 crore in FY25 compared to FY24.
The company's shares have an ROE of 25 per cent and an ROCE of 24 per cent. As of March 2025, the promoters own 49.64 per cent of the company, FIIs own 3.27 per cent, DIIs own 0.28 per cent and the public owns 46.81 per cent. The stock is up 33 per cent from its 52-week low of Rs 27 per share and has given multibagger returns of 286 per cent since its listing on NSE in September 2023.
Disclaimer: The article is for informational purposes only and not investment advice.