Kellton Tech sets Sept 30 AGM for $50m FCCB, director re-appointments
- Kellton Tech schedules 32nd AGM for September 30, 2026
- Shareholders to approve $50 million FCCB issuance for strategic growth
- Borrowing limits proposed to be enhanced up to INR 750 crore
- Re-appointment of two directors: Srinivas Potluri and Geeta Goti
*this image is generated using AI for illustrative purposes only.
Kellton Tech Solutions has scheduled its 32nd Annual General Meeting (AGM) for Wednesday, September 30, 2026. The meeting will address key corporate actions, including a $50 million Foreign Currency Convertible Bond (FCCB) issuance and director re-appointments.
The Board approved these proposals in its meeting on September 5, 2026. The AGM will be conducted via Video Conference or Other Audio Visual Means (VC/OAVM). The notice was dispatched to members as on August 28, 2026.
AGM Schedule and E-Voting
The company has outlined specific dates for e-voting and the meeting. Shareholders holding securities as on September 23, 2026, are eligible to vote.
| Particulars | Date/Details |
|---|---|
| Cut-Off Date for e-Voting | September 23, 2026 (Wednesday) |
| E-Voting Start Date | September 26, 2026 (Saturday) at 9:00 am IST |
| E-Voting End Date | September 29, 2026 (Tuesday) at 5:00 pm IST |
| Date and Time of AGM | September 30, 2026 (Wednesday) at 11:00 am IST |
Remote e-voting will be facilitated by National Securities Depository Limited (NSDL). Members can access the voting portal via www.evoting.nsdl.com .
Fund Raising Details
The Board sought fresh shareholder approval to raise up to $50 million through FCCBs on a private placement basis. This follows an earlier approval that lapsed due to adverse geopolitical conditions.
The funds are intended to explore strategic growth opportunities, including potential acquisitions, and to address working capital needs. The issuance may occur in one or more tranches, subject to regulatory approvals from SEBI, RBI, and other authorities. The Board is authorized to determine pricing, terms, and timing based on market conditions.
Additionally, the company proposes to enhance its overall borrowing limits under Section 180(1)(c) of the Companies Act, 2013, up to INR 750 crore.
Director Re-appointments
Two directors are up for re-appointment at the AGM:
- Srinivas Potluri: Retiring by rotation, Mr. Potluri is eligible for re-appointment as a Non-Executive Non-Independent Director. He holds an MBA from Northwestern University’s Kellogg School of Management and has over 31 years of global experience.
- Geeta Goti: Recommended for re-appointment as a Non-Executive Independent Woman Director for a second term of five consecutive years. Her new term will commence from September 6, 2027, ending on September 5, 2032. Ms. Goti brings nearly three decades of experience across government, private-sector organizations, and NGOs.
Both appointments require shareholder approval via Ordinary and Special Resolutions, respectively.
Historical Stock Returns for Kellton Tech Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.07% | -0.51% | +1.03% | -14.85% | -48.79% | +35.11% |
How might the $50 million FCCB issuance impact Kellton Tech's debt-to-equity ratio and overall financial leverage in the coming fiscal year?
What specific strategic acquisitions or growth sectors is Kellton Tech likely to target with the newly approved capital, given the previous lapse due to geopolitical conditions?
Could the enhancement of borrowing limits to INR 750 crore signal a shift in the company's capital structure strategy towards higher leverage for aggressive expansion?
15
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
