Kellton Tech Solutions Limited has informed the Exchange regarding Board meeting held on Jun 14, 2025. has considered and approved the allotment of warrant to the Promoter and Non Promoter
KELLTONTEC · price
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Kellton Tech Solutions' board, at its June 14, 2025 meeting, approved issuing up to 55 lakh convertible warrants on a preferential basis to promoter and non-promoter investors at ₹126 per warrant (minimum price as per SEBI ICDR rules), aggregating up to ₹69.30 crore. The warrants can be converted into equity shares within 18 months, with 25% upfront payment and 75% on conversion. Three investors will participate: promoter Matnic Finvest LLP (45 lakh warrants, ₹56.70 crore), Karanjit Singh (7 lakh warrants, ₹8.82 crore), and Srinivas Potluri (3 lakh warrants, ₹3.78 crore). The board also approved a 1:5 stock split (₹5 face value to ₹1 face value) to improve liquidity and retail affordability, along with a corresponding amendment to the MoA. An EGM is scheduled for July 11, 2025, to seek shareholder approval.
Existing shareholders will face dilution as the promoter's stake rises from 35.74% to 38.20% post-issue, though the bulk of fundraising comes from the promoter itself. The 1:5 stock split is generally price-neutral but should improve liquidity and make shares more accessible to retail investors.