Kellton Tech Solutions Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025 along with a copy of minutes.
KELLTONTEC · price
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Kellton Tech Solutions held its 31st AGM on September 30, 2025, via video conferencing, with 75 members in attendance. Ordinary business items included adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, re-appointment of director Mr. Srinivas Potluri (retiring by rotation), and re-appointment of statutory auditors M/s Anant Rao & Mallik for a second term. Key special business items involved raising funds up to USD 50 million through Foreign Currency Convertible Bonds (FCCBs) and up to INR 250 crore through equity shares or other eligible securities. The company also sought approval to increase authorized share capital from INR 60 crore to INR 100 crore, raise borrowing limits from INR 500 crore to INR 750 crore, and empower loans/investments beyond Section 186 thresholds.
Shareholder approval has been sought for significant capital raising and borrowing expansion, signaling potential growth plans, possible acquisitions, or debt refinancing. The INR 250 crore equity issuance could lead to share dilution, while the FCCB route may bring in foreign capital. Voting results are awaited to confirm passage of these resolutions.