Kellton Tech Solutions Limited has informed the Exchange about Conversion of Warrants and allotment of Equity Shares
KELLTONTEC · price
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Kellton Tech Solutions has allotted 36,00,000 equity shares (face value ₹1 each) to M/s Matnic Finvest LLP, a Promoter Group entity, on conversion of an equal number of warrants. The company received ₹18.9 per warrant as the remaining 75% of the exercise price (total warrant price ₹25.2), aggregating to ₹6.80 crore. As a result, the paid-up equity share capital rose from ₹52.78 crore to ₹53.14 crore, and promoter group holding increased from 37.67% to 38.09%. Out of 2.25 crore warrants originally allotted to Matnic Finvest, 36 lakh have now been converted and 1.89 crore warrants remain outstanding, convertible by March 18, 2027.
This is a promoter-group-led equity infusion of around ₹6.80 crore via warrant conversion, slightly diluting public shareholders from 62.33% to 61.91%. The move signals promoter confidence and adds capital to the books, but the small size and pending warrants mean limited immediate impact on stock price.