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Cellecor Gadgets Limited a consumer electronics company listed on the Nifty SME Emerge provided significant information in its latest exchange filing last Saturday keeping the companys stock on investors radar tomorrow Monday January 19. On Friday the companys stock rose 3.13% or ₹0.85 to close at ₹28. The company in its latest exchange filing said that the formation of a new wholly owned subsidiary of the company in the United Kingdom (UK) has been approved by the Registrar of Companies England and Wales. Along with this the Registrar has also issued the registration letter of the company in the name of Cellecor Gadgets Europe Limited and the date of incorporation of this new subsidiary company is 16 January 2026. According to the exchange filing the company is a 100% owned subsidiary of Cellecor Gadgets Limited hence the transaction falls under the category of related party transaction and has been done on arms length basis. This subsidiary will be engaged in the electronics industry. Its primary objective is to expand the companys business into international markets particularly the UK market and to lay the foundation for future growth. On the back of strong sales the companys total income increased by 50.7% to ₹641.6 crore compared to ₹425.7 crore in the same period last year (H1 FY25). Gross profit also increased by 28.5% to ₹79.3 crore. However due to increase in input costs gross margin declined slightly to 12.4% from 14.5% last year. Despite this EBITDA increased by 34.8% to ₹34.1 crore with margin at 5.3%. The companys PAT also jumped 35.2% to ₹19.6 crore reflecting a 3.1% margin. Compared to the previous half year (H2 FY25) revenue growth of 6.9% and PAT growth of 20.2% indicates continued operational momentum.