Kellton Tech Solutions Limited has informed the Exchange regarding 'Uppdate on Board Meeting outcome submitted on June 14, 2025'.
KELLTONTEC · price
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Awaiting price reaction for this filing.
Kellton Tech Solutions' board has approved raising up to ₹69.30 crore by issuing 55 lakh convertible warrants at ₹126 each to 3 investors — Matnic Finvest LLP (a promoter entity, ₹56.70 crore), Karanjit Singh (₹8.82 crore), and Srinivas Potluri (₹3.78 crore). Each warrant converts into 1 equity share within 18 months. The board also approved a stock split in a 1:5 ratio, turning every ₹5 face value share into 5 shares of ₹1 each, aimed at improving liquidity and making shares more affordable for retail investors. Post-issue, promoter entity Matnic Finvest LLP's stake will rise from 35.74% to 38.20%. An EGM is scheduled for July 11, 2025, to seek shareholder approval for the warrant issue, stock split, and related changes to the Capital Clause of the MoA. The filing also includes a minor correction noting the warrant issue price of ₹126 (previously misstated).
Shareholders will see their share count multiply 5x after the split (with no change in total value), and the company will get fresh capital of up to ~₹69 crore to strengthen its balance sheet. The promoter group's increased stake signals confidence, but the preferential issue is dilutive to existing non-participating shareholders by roughly 5-6% on a fully converted basis.