Kellton Tech Solutions Limited has informed the Exchange about Outcome of the Resolution passed by the Security Issuance Commitee("SIC")- Allotment of Equity Shares upon conversion of FCCBs.
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Kellton Tech Solutions has allotted 1,00,58,750 fully paid-up equity shares (face value ₹1 each) at an issue price of ₹21.2 per share, following the conversion of Foreign Currency Convertible Bonds (FCCBs) approved by its Securities Issuance Committee on September 25, 2025. With this allotment, the company's issued and paid-up equity capital rises from ₹51,77,45,920 (51,77,45,920 shares) to ₹52,78,04,670 (52,78,04,670 shares). The FCCBs are now fully converted into equity, and no FCCBs remain outstanding. The new shares rank pari-passu with existing equity shares from the date of allotment.
This is a non-cash event for the company — debt (FCCBs) is being replaced with equity, which strengthens the balance sheet by eliminating the FCCB liability but dilutes existing shareholders by about 1.94%. Shareholders should note the slight equity dilution, though the conversion removes the future repayment obligation associated with the FCCBs.