Cellecor Gadgets Limited Announces Non-Applicability of Corporate Governance Compliance for Q1 2024

Mumbai, 16th July 2024 – Cellecor Gadgets Limited, formerly known as Unitel Info Limited and Unitel Info Private Limited, has officially declared the non-applicability of certain corporate governance provisions for the quarter ending on 30th June 2024. This announcement comes under Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In a formal communication to the National Stock Exchange of India Limited (NSE), Cellecor Gadgets Limited emphasized that, as an entity listed on the NSE Emerge Platform – a platform for SMEs – the company is exempt from complying with several corporate governance provisions. Specifically, the exemptions include regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27, and several clauses of regulation 46, as well as parts C, D, and E of Schedule V.

Highlights:

1. Non-Applicability Certificate: Cellecor Gadgets Limited issued a certificate highlighting the non-applicability of corporate governance regulations for Q1 2024.
2. Regulation 15(2) Compliance: The announcement adheres to Regulation 15(2) of SEBI's LODR Regulations, 2015.
3. SME Exemption: The exemption applies due to Cellecor Gadgets' status on the NSE Emerge Platform, catering to small and medium-sized enterprises.
4. Future Compliance Commitment: The company assured that if the exemption criteria cease to apply, it will comply with all corporate governance provisions within six months.

The company also reaffirmed its commitment to disseminating this information on its official website and to ensuring transparency and regulatory compliance in the future.

Ravi Agarwal, Managing Director of Cellecor Gadgets Limited, signed off on the announcement, emphasizing the company’s dedication to adhering to SEBI regulations and maintaining clear communication with stakeholders.