Kellton Tech Solutions board approved a rights issue of equity shares during its meeting held on September 23, 2026. The issuance is directed at eligible equity shareholders as on the record date, which will be notified subsequently.

The proposal is subject to statutory and regulatory approvals under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Detailed terms, including the issue size, issue price, rights entitlement ratio, record date, and issue period, shall be determined in due course and intimated to the stock exchanges.

Board meeting details

The meeting commenced at 11:00 am and concluded at 11:55 am. The company disclosed the outcome pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The specific terms for the capital raise remain conditional pending these future determinations and external clearances.

What the Numbers Show

The shift from a general consideration of fundraising to the specific approval of a rights issue narrows the strategic options available to the company. Unlike a preferential allotment or public issue, a rights issue mandates participation from existing shareholders, implying the company is leveraging its current shareholder base for capital augmentation rather than seeking new external investors at this stage. No specific quantum of funds was disclosed in the initial approval.

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.

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.