Disclosure of material issue

Cellecor Gadgets has made a significant investment of ~USD 29.02 million (~INR 275.52 Cr) into its wholly-owned subsidiary, Cellecor Gadgets Europe Limited. 🚀 **What's Happening:** This investment utilizes funds raised from Foreign Currency Convertible Bonds (FCCBs) to boost the company's international footprint.

The European subsidiary will, in turn, invest in Cellecor Gadgets Africa Limited. **Impact:** The Africa unit is set to engage in manufacturing consumer electronics and home appliances.

This move signals Cellecor's strategic expansion into new markets and potential entry into new manufacturing segments abroad. 🌍🔌 **Company Action:** This investment is a direct implementation of Cellecor's strategy to deploy FCCB proceeds for global growth and diversify its operational reach.