Kellton Tech Solutions Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on July 11, 2025
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Kellton Tech Solutions held its first EGM of FY26 on July 11, 2025, conducted via video conferencing from 11:00 AM to 11:22 AM, with 71 members attending. Three key resolutions were placed before shareholders: (1) an Ordinary Resolution to alter the Capital Clause of the Memorandum of Association, (2) an Ordinary Resolution to approve a sub-division (stock split) of equity shares, and (3) a Special Resolution to issue 55,00,000 share warrants convertible into equity shares on a preferential basis to persons belonging to the promoter and non-promoter categories. The meeting was chaired by Niranjan Chintam (Executive Director & CFO), with Krishna Chintam as Managing Director & CEO. Remote e-voting was open from July 7 to July 10, and e-voting continued for 15 minutes after the meeting concluded. The detailed voting results from the Scrutinizer (N V S S Suryanarayana) were not included in this filing and will be announced separately.
The proposed stock split and preferential warrant issue are the most material items for shareholders — a split could improve share liquidity and affordability, while 55 lakh convertible warrants to promoters and non-promoters signal potential equity dilution once exercised. Investors should watch for the Scrutinizer's voting results, which will confirm whether these resolutions have been approved.