Kellton Tech Solutions Ltd. , a prominent player in the technology solutions sector, has announced a series of strategic decisions aimed at bolstering its financial position and expanding its global footprint. The company's board of directors, in a meeting held on September 6, 2025, approved several key initiatives that signal a robust growth strategy for the coming years.

Major Fundraising Initiatives

At the forefront of these decisions is an ambitious fundraising plan. The board has given the green light to raise funds through two significant channels:

1. Foreign Currency Convertible Bonds (FCCBs): The company plans to raise up to USD 50 million through FCCBs on a private placement basis.
2. Qualified Institutional Placement (QIP): An additional fundraising of up to INR 250.00 crores has been approved through a QIP.

These fundraising initiatives are subject to regulatory approvals and shareholder consent, underscoring the company's commitment to compliance and transparency.

Capital Structure Enhancement

In a move to support its growth plans, Kellton Tech has decided to increase its authorized share capital from INR 60.00 crores to INR 100.00 crores. This significant boost in capital structure will be accompanied by corresponding amendments to the company's Memorandum of Association.

Board Reappointments and New Appointments

The board meeting also saw several key personnel decisions:

• Director Reappointment: Mr. Srinivas Potluri has been reappointed as a director, bringing his extensive experience in management across various industries.
• Statutory Auditor: M/s. Anant Rao & Malik, Chartered Accountants, have been reappointed as the statutory auditor for a second term of five years, from FY 2025-26 to FY 2029-30.
• Secretarial Auditor: Mr. N.V.S.S. Suryanarayana Rao has been appointed as the secretarial auditor for a five-year term, covering the same period.

Global Expansion and Annual General Meeting

In a strategic move to enhance its international presence, Kellton Tech has approved the incorporation of a wholly-owned subsidiary in Ireland, subject to compliance with applicable laws.

The company has also scheduled its Annual General Meeting for September 30, 2025, to be conducted through video conference or other audio-visual means.

Implications for Investors

These decisions reflect Kellton Tech's aggressive growth strategy and its intent to strengthen its financial position. The substantial fundraising plans through FCCBs and QIP suggest that the company is gearing up for significant investments or expansions in the near future.

The increase in authorized share capital provides the company with greater flexibility in its capital structure, potentially paving the way for future equity-based transactions or acquisitions.

As Kellton Tech Solutions Ltd. embarks on this new phase of growth and expansion, investors and market watchers will be keenly observing how these strategic decisions translate into operational and financial performance in the coming quarters.

Note: All financial figures are in Indian Rupees unless otherwise stated.

Kellton Tech Solutions , a prominent player in the Indian software development sector, has announced its financial results for the second quarter of fiscal year 2023, showcasing robust growth and strategic expansion.

Financial Highlights

Kellton Tech reported impressive financial results for Q2 FY23:

The company's performance demonstrates steady growth, with a notable year-over-year revenue increase of 9.1% and a quarter-over-quarter growth of 5.1%.

Half-Year Performance

For the first six months of FY23, Kellton Tech reported:

• Total Revenue: Rs 4,447.00 million
• EBITDA: Rs 515.00 million
• Net Profit: Rs 331.00 million

Business Expansion and Recognition

Kellton Tech continues to expand its client base and industry recognition:

• Acquired 11 new clients during Q2 FY23 across diverse sectors including healthcare, venture capital, hospitality, insurance, renewable energy, and education technology.
• Recognized in Outlook Publishing's list of Top 10 Software Development Companies in India, reinforcing its position as a leading player in the industry.
• Participated in SAP ASUG events to enhance brand recognition and network within the industry.

Outlook

The company's strong financial performance, coupled with its expanding client base and industry recognition, positions Kellton Tech Solutions favorably in the competitive software development landscape. The diverse range of new clients across various sectors indicates the company's ability to adapt to different industry needs and capitalize on emerging opportunities.

As Kellton Tech continues to strengthen its market presence and diversify its client portfolio, investors and industry observers will be keen to watch the company's growth trajectory in the coming quarters.