Fonebox Retail Limited
Fonebox Retail Limited is a multi-brand retailer of smartphones and accessories from brands like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax.
What Fonebox files
- Others45
- Important25
- Insider Trade15
- Updates14
- Board Meeting7
- Investor Meet5
Fonebox Retail has received in-principle approval from NSE for issuing 30 lakh equity shares at ₹85.80 each to promoters and public. This enables the company to proceed with the preferential allotment.
Fonebox Retail is acquiring 100% of NWOM Retailers for 25.74 Cr via a share swap, issuing 30 lakh new shares at Rs 85.80 each. This move is expected to triple NWOM's profits, reduce competition, and expand market reach. Two sellers will join the board, and authorized share capital increases.
Fonebox Retail confirmed it is not classified as a 'Large Corporate' under SEBI norms, exempting it from specific disclosure requirements related to debt fundraising applicable to larger entities.
Fonebox Retail confirmed exemption from several compliance requirements, including the Annual Secretarial Compliance Report for FY26, due to its SME Exchange listing. This potentially lightens the company's regulatory load.
Fonebox Retail's 5th AGM successfully passed all 5 resolutions, including adopting FY25 financial statements and re-appointing key personnel. Shareholders also approved Related Party Transactions up to 100 Cr each with Phonewale Limited and Paradise Markcom Private Limited for FY26.