Kellton Tech Solutions Limited has informed the Exchange about Shareholders meeting
KELLTONTEC · price
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Kellton Tech Solutions has called an EGM on July 11, 2025 (via video conferencing) to seek shareholder approval for three key items. First, alteration of the Capital Clause of the Memorandum of Association to reflect an authorized share capital of ₹60 crore divided into 60 crore equity shares of ₹1 each. Second, sub-division (stock split) of every 1 equity share of face value ₹5 into 5 equity shares of face value ₹1, fully paid-up, with a record date to be fixed by the Board. Third, issue of 55 lakh share warrants on a preferential basis at ₹126 per share (including ₹121 premium), convertible into equity shares within 18 months, raising up to ₹69.30 crore. Allottees include promoter entity Matnic Finvest LLP (45 lakh warrants, ~₹56.70 crore) and non-promoters Karan Jit Singh (7 lakh) and Srinivas Potluri (3 lakh). E-voting window is open from July 7 to July 10, 2025, with cut-off date of July 4, 2025.
The stock split (₹5 to ₹1 face value, 1:5) will increase the number of outstanding shares five-fold and typically improves retail liquidity and lowers per-share price. The preferential warrant issue of ₹69.30 crore, with the promoter taking the bulk (~82%), signals promoter confidence and will result in equity dilution once warrants are converted. Shareholders should watch the record date for the split and consider the dilutive impact of the preferential issue on their holdings.