Kellton Tech Solutions , a leading AI-first digital transformation company, has secured a significant partnership with the United Nations Population Fund (UNFPA) to develop cutting-edge AI solutions aimed at driving global impact. This collaboration marks a pivotal moment in Kellton's journey, showcasing its commitment to leveraging artificial intelligence for social good and solidifying its position as a trusted technology partner for international organizations.

Partnership Highlights

• Objective: Design and deliver Generative AI-driven applications to enhance digital innovation and human-centered transformation across UNFPA's global programs.
• Impact: Accelerate progress toward UN Sustainable Development Goals by integrating responsible AI practices with UNFPA's vision.
• Scope: Strengthen digital innovation and human-centered transformation across UNFPA's global initiatives.

Strategic Implications for Kellton

The partnership with UNFPA is expected to have several positive outcomes for Kellton Tech Solutions:

AI for Social Good

Karanjit Singh, CEO of Kellton, emphasized the significance of this collaboration, stating, "Our partnership with UNFPA exemplifies how innovation can drive empathy and impact on a global scale. By combining our AI engineering strength with UNFPA's humanitarian vision, we're creating solutions that not only transform digital operations but also make technology more inclusive, transparent, and meaningful."

Kellton's Position in the Market

This engagement reinforces Kellton's standing as:

• A trusted AI and digital transformation partner for global institutions and the public sector
• A company dedicated to ethical, secure, and sustainable AI ecosystems
• A leader in shaping the future of responsible AI

Looking Ahead

The collaboration between Kellton Tech Solutions and UNFPA represents a significant step towards harnessing the power of AI for humanitarian purposes. As the project unfolds, it will be interesting to observe how this partnership contributes to the advancement of UN Sustainable Development Goals and sets new standards for AI applications in global development initiatives.

Kellton Tech Solutions continues to demonstrate its commitment to innovation and social responsibility, positioning itself at the forefront of AI-driven solutions that have the potential to make a lasting impact on global well-being.

Kellton Tech Solutions Limited , a global leader in digital transformation, successfully concluded its 31st Annual General Meeting (AGM) on September 30, with shareholders approving all ten proposed resolutions. The meeting, conducted through video conferencing, saw significant decisions that could shape the company's future growth trajectory.

Key Approvals

Shareholders gave their nod to several critical resolutions, including:

1. Financial Statements Adoption: The audited standalone and consolidated financial statements for the fiscal year ending March 31 were approved.

2. Board Appointments: Mr. Srinivas Potluri was re-appointed as a director, while M/S. Anant Rao & Mallik secured a second term as statutory auditors.

3. Secretarial Auditor: Mr. N.V.S.S. Suryanarayana Rao was appointed as the secretarial auditor for a five-year term.

Fundraising Initiatives

The company received shareholder approval for two significant fundraising proposals:

1. Foreign Currency Convertible Bonds (FCCB): Authorization to issue FCCBs up to USD 50 million on a private placement basis, in one or more tranches.

2. Equity Shares and Securities: Approval to raise funds up to INR 250 crore through the issuance of equity shares and other eligible securities.

Enhanced Financial Flexibility

To support its growth plans, Kellton Tech secured approvals for:

1. Increased Authorized Share Capital: A rise from INR 60 crore to INR 100 crore, with consequential amendments to the Memorandum of Association.

2. Higher Borrowing Limits: An increase from INR 500 crore to INR 750 crore under Section 180(1)(c) of the Companies Act, 2013.

3. Investment Powers: Empowerment to provide loans or invest funds beyond the limits specified in Section 186 of the Companies Act, 2013.

Shareholder Participation

The AGM witnessed active participation with 75 attendees joining via video conferencing. The record date was set as September 23, covering a total of 207,341 shareholders.

Voting Results

All resolutions passed with an overwhelming majority, demonstrating strong shareholder confidence in the company's strategic direction. The e-voting results showed:

These approvals position Kellton Tech Solutions for potential expansion and strategic investments, reflecting the company's ambitions in the rapidly evolving digital transformation landscape.