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Cellecor Gadgets Limited Announces Successful Postal Ballot Resolution

Mumbai, India – Cellecor Gadgets Limited, a leading name in the tech industry, has successfully passed key resolutions through a postal ballot. The shareholders' approval marks a significant step forward in the company's strategic plans.

Key Resolutions Approved

Sub-Division of Equity Shares

On June 26, 2024, Cellecor Gadgets Limited issued a Postal Ballot Notice seeking shareholder approval for the sub-division of the face value of its equity shares. The proposal was to divide the existing equity shares with a face value of Rs. 10 each into equity shares with a face value of Re. 1 each.

Alteration of Capital Clause in the Memorandum of Association

Alongside the sub-division, the company also proposed an alteration in the capital clause of its Memorandum of Association to reflect this change. Both resolutions were passed with an overwhelming majority, showcasing strong shareholder support.

Voting Results

Resolution 1: Sub-Division of Face Value of Equity Shares

• Total Votes in Favor: 11,317,185 (99.89%)
• Total Votes Against: 12,000 (0.11%)

Resolution 2: Alteration of Capital Clause in Memorandum of Association

• Total Votes in Favor: 11,322,585 (99.94%)
• Total Votes Against: 6,600 (0.06%)

These results were based on the scrutinizer's report prepared by Anu Malhotra & Associates, confirming the accuracy and transparency of the voting process.

Detailed Breakdown of Voting

Promoter and Promoter Group

• Shares Held: 10,805,985
• Votes Polled: 10,805,985
• Votes in Favor: 10,805,985 (100%)
• Votes Against: 0

Public Institutions

• Shares Held: 981,600
• Votes Polled: 309,600
• Votes in Favor: 309,600 (100%)
• Votes Against: 0

Public - Non-Institutions

• Shares Held: 9,180,195
• Votes Polled: 213,600
• Votes in Favor: 201,600 (94.38%)
• Votes Against: 12,000 (5.62%)

Conclusion

The successful passing of these resolutions marks a significant milestone for Cellecor Gadgets Limited. This strategic move aims to enhance the liquidity of the company's shares and align with its long-term growth objectives. The management expressed gratitude towards the shareholders for their unwavering support.

For more information, please visit: Cellecor Gadgets Limited

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About Cellecor Gadgets Limited

Cellecor Gadgets Limited (formerly known as Unitel Info Limited) is a prominent tech company committed to delivering innovative gadgets and accessories. With a strong market presence and a focus on quality, Cellecor continues to lead in technological advancements and customer satisfaction.

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