Kellton Tech Solutions Limited — Important, 14-05-2025: Updates

Kellton Tech Solutions Ltd. has announced a board meeting that approved an international issuance of Foreign Currency Convertible Bonds (FCCBs) worth USD 10 million (approx. Rs. 85.3 Cr) with a 6.5% coupon and 10-year tenure. The FCCBs convert into about 8.05 million shares at a floor price of Rs. 106 each. This issuance will strengthen Kellton’s capital base, with potential equity dilution upon conversion.