Kellton Tech Solutions Limited has informed the Exchange that the Board of Directors at its meeting held on Jun 14, 2025, has considered and approved subdivision of 120000000 equity shares of 5 each into 600000000 equity shares of 1 each.
KELLTONTEC · price
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On June 14, 2025, the Board of Kellton Tech Solutions approved splitting each equity share of face value ₹5 into 5 equity shares of face value ₹1, subject to shareholder approval at an EGM on July 11, 2025. The record date will be announced later. The company also approved issuing up to 55 lakh convertible warrants at ₹126 each (a premium of ₹121 over face value), potentially raising ₹69.30 crore from 3 investors — promoter Matnic Finvest LLP (45 lakh warrants for ₹56.70 crore) and two non-promoters (Karanjit Singh and Srinivas Potluri). After the warrant conversion and share split, Matnic Finvest's holding will rise from 35.74% to 38.20%. The split is aimed at improving liquidity and making shares more affordable for retail investors.
The 1:5 stock split will lower the per-share price and improve affordability and trading liquidity, though it does not change the company's value. The preferential warrant issue to the promoter group signals a capital raise of up to ₹69.30 crore, increasing the promoter's stake, which may be seen as a show of confidence but also dilutes non-promoter shareholders.