New Delhi [India], January 20: Cellecor Gadgets Limited (NSE: CELLECOR) has announced the outcome of its Board of Directors' meeting held on January 19, 2026, during which several key proposals were approved to reinforce the company's growth strategy, improve financial flexibility, and streamline operations across its group entities, subject to shareholders' approval.
In line with its long-term business roadmap, the Board approved a proposal to grant loans, make investments, and extend guarantees or securities, either directly or indirectly, up to an aggregate limit of ₹500 crore. This approval, in accordance with Sections 185 and 186 of the Companies Act, 2013, is aimed at supporting the expansion and funding requirements of Cellecor's subsidiaries, associates, joint ventures, and other permissible entities. The move is expected to strengthen the company's ability to allocate capital efficiently and pursue strategic opportunities that align with its growth objectives.
Additionally, the Board approved enhanced limits for related party transactions under Section 188 of the Companies Act, 2013, taking into account the scale of business operations conducted through group entities. The approved limits stand at ₹500 crore for the current financial year and ₹1,500 crore for the next financial year, subject to compliance with applicable statutory and regulatory approvals. These enhanced thresholds are intended to facilitate smoother inter-company transactions while maintaining transparency, governance standards, and regulatory compliance.
To seek shareholders' consent for the above proposals, the Board has decided to convene an Extra-Ordinary General Meeting (EGM) of the company on Wednesday, February 11, 2026, at 2:00 PM. The EGM will be conducted through video conferencing or other audio-visual means, enabling wider shareholder participation. The Board approved the draft notice of the EGM and appointed a scrutinizer to oversee the e-voting process. The notice of the EGM will be circulated electronically to eligible shareholders and will also be made available on the company's website.
The Board meeting commenced at 1:15 PM and concluded at 1:45 PM. These decisions reflect Cellecor Gadgets Limited's continued focus on robust corporate governance, prudent financial management, and sustainable long-term growth, while ensuring transparency and active engagement with its shareholders.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
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