Submission of Voting Result along with Scrutinizer''s Report
KELLTONTEC · price
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Kellton Tech Solutions Ltd held its 31st AGM on September 30, 2025 via video conferencing, and all 10 resolutions were passed with the requisite majority. Routine items including adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, re-appointment of director Srinivas Potluri, re-appointment of statutory auditors Anant Rao & Mallik, and appointment of secretarial auditor were approved with near-unanimous support (over 99.99% in favour). Key special resolutions also cleared: raising up to USD 50 million via Foreign Currency Convertible Bonds (FCCBs), raising up to INR 250 crore through equity or other eligible securities, increasing authorised share capital from INR 60 crore to INR 100 crore, raising the borrowing limit from INR 500 crore to INR 750 crore, and empowering loans/investments beyond Section 186 thresholds. The FCCB and Section 186 resolutions saw meaningful dissent from public non-institutional shareholders (24.2% and 26.8% against respectively), though promoters voted 100% in favour of all items. Total shareholders on record date were 2,07,341, with 4 promoter representatives and 71 public shareholders attending via VC.
Shareholders have greenlit significant capital-raising capacity including up to USD 50 million in FCCBs, INR 250 crore in equity, and a INR 250 crore increase in borrowing power, which could lead to dilution or higher debt in the future depending on how the company deploys these approvals. Notable dissent among public shareholders on the FCCB and Section 186 resolutions suggests some retail investors are wary of the dilution and lending/investment risk, even though all resolutions passed comfortably on a total-vote basis.