Kellton Tech Solutions Limited — Others, 19-06-2025: Shareholders meeting

Kellton Tech Solutions Ltd. has announced a board meeting to consider the alteration of its authorized share capital from ₹60 Cr divided into 12 Cr equity shares of ₹5 each to 60 Cr equity shares of ₹1 each, effectively splitting each existing ₹5 share into 5 shares of ₹1 face value. This aims to improve liquidity, affordability, and retail participation without changing paid-up capital. The company also plans a preferential issue of 55 lakh share warrants convertible into equity shares at ₹126 each (face value ₹5), aggregating ₹69.3 Cr, to both promoter and non-promoter investors. Proceeds will fund working capital (₹52 Cr) and general corporate purposes (₹17.3 Cr). Adjustments will be made to ESOPs, FCCBs, and warrants to maintain economic interests post-split. No change in control is expected. The preferential allotment is targeted to complete within 15 days post-approval.