Kellton Tech Solutions Limited has announced a significant correction to a resolution passed at its Annual General Meeting (AGM) held on September 30, 2025. The company identified and rectified an inadvertent clerical error in the resolution regarding the approval for raising funds through Foreign Currency Convertible Bonds (FCCBs) on a private placement basis.

Key Points of the Correction

• Original Limit: INR 5 crore
• Corrected Limit: USD 50 million
• Nature of Error: Clerical
• Impact on Resolution: No change to intent or substance

The company has emphasized that this discrepancy was purely clerical in nature and does not affect the overall intent or substance of the resolution as approved by the shareholders.

Financial Context

To provide context for this fundraising decision, let's examine Kellton Tech's recent financial position based on their consolidated balance sheet data:

The company has shown significant growth across key financial metrics, with total assets increasing by 19.47% year-over-year to ₹789.00 crore in FY 2025. This growth, coupled with a 20.73% increase in total equity to ₹535.30 crore, suggests a strong financial foundation that could support the company's fundraising plans.

Implications of the Increased Fundraising Limit

The correction from INR 5 crore to USD 50 million represents a substantial increase in the potential fundraising capacity for Kellton Tech. This revised limit could provide the company with:

1. Enhanced financial flexibility
2. Increased capacity for strategic investments
3. Potential for accelerated growth and expansion

It's important to note that while the resolution allows for this increased limit, it does not necessarily mean the company will immediately raise the full amount. The actual utilization of funds will depend on market conditions, strategic opportunities, and the company's specific needs.

Conclusion

Kellton Tech Solutions' prompt identification and correction of this clerical error demonstrate the company's commitment to transparency and accurate disclosure. The significantly higher fundraising limit of USD 50 million, if fully utilized, could have a material impact on the company's future growth strategies and financial position. Investors and stakeholders should monitor future announcements for any updates on the company's plans to leverage this increased fundraising capacity through FCCBs.

Kellton Tech Solutions , a global leader in digital transformation, has reported robust financial results for the second quarter of fiscal year 2026, demonstrating significant growth and strategic expansion in key technology areas.

Financial Highlights

For Q2 FY26 ended September 30, 2025, Kellton Tech reported:

The company's performance shows a strong upward trajectory, with revenue increasing from ₹2,709.00 million in Q2 FY25 to ₹3,009.00 million in Q2 FY26. The EBITDA margin improved to 12.6%, up from 12.1% in the same quarter last year.

Strategic Initiatives and Operational Highlights

Kellton Tech is actively expanding its capabilities in artificial intelligence (AI), cloud computing, and cybersecurity across the U.S. and Europe. This strategic focus aligns with the growing demand for digital transformation services in these regions.

Key operational highlights for Q2 FY26 include:

1. Implementation of a next-generation integration platform (iPaaS) for a global food services enterprise, covering 10 countries and over 1,500 stores.
2. Successful delivery of live streaming services for the Asia Cup 2025, showcasing the company's expertise in cloud-native engineering and low-latency streaming.
3. Formal appreciation from a leading agri-tech enterprise for exceptional problem-solving and technical excellence during a critical production phase.
4. Delivery of key milestones for a Big Four consulting firm's taxation platform, enhancing efficiency in tax file submissions.
5. Signing of a strategic Memorandum of Understanding (MoU) with a leading European technology company to develop a sovereign, human-centric AI ecosystem under the EU–India Framework Agreement.

Market Position and Future Outlook

Kellton Tech is positioning itself as a key player in the AI-driven digital transformation landscape. The company is focusing on integrating Agentic AI and Generative AI capabilities into its engineering and data platforms, aiming to help enterprises evolve from process automation to intelligent orchestration.

Niranjan Chintam, Chairman & Whole-time Director of Kellton Tech, commented on the results: "The second quarter marked another step forward in Kellton's journey toward building an AI-powered enterprise of the future. We continued to stay true to our purpose—enabling clients to innovate, scale, and transform through intelligent, adaptive, and human-centered technologies."

New Client Wins and Partnerships

The company secured several new projects during Q2 FY26, including:

• A partnership with a U.S. consumer finance company to implement applied AI for risk modeling and decision workflows.
• A large-scale digital transformation program for an engineering and industrial enterprise, focusing on ERP modernization.
• Expansion of an intelligent payment processing framework for a global packaging solutions provider.
• Empanelment as a key technology partner with a global logistics conglomerate, focusing on AI-driven initiatives.
• Collaboration with a healthcare AI company to develop an Agentic AI-powered Risk Adjustment solution.

These new engagements underscore Kellton Tech's growing reputation in delivering AI-driven solutions across various industries.

As Kellton Tech continues to invest in AI-driven research, partnerships, and talent, it is well-positioned to capitalize on the increasing demand for advanced digital transformation services. The company's focus on AI-first solutions and its expanding global footprint suggest a strong growth trajectory in the coming quarters.