Kellton Tech Solutions Limited , a global leader in AI and digital transformation, has taken a significant step towards shaping the future of artificial intelligence by signing a Memorandum of Understanding (MoU) with Hungary-based E-Group ICT Software Zrt. This strategic collaboration aims to develop a sovereign, human-centric AI ecosystem under the EU-India Framework Agreement.

AI Gigafactory: A New Frontier in Technology

The partnership between Kellton and E-Group will lead to the creation of an 'AI Gigafactory,' where Kellton will contribute its expertise in software development and technology support. This initiative is set to combine Europe's emphasis on sovereignty and trusted innovation with India's technological prowess.

Key Aspects of the Collaboration

• Focus: Building a sovereign, human-centric AI ecosystem
• Framework: Aligned with the EU-India Framework Agreement
• Core Objective: Deliver an integrated framework for AI, data processing, and cloud infrastructure
• Priorities: Transparency, security, and long-term resilience

Strategic Implications

Karanjit Singh, CEO (APAC) of Kellton, emphasized the significance of this partnership, stating, "We see this collaboration with E-Group as a pivotal step in shaping a sovereign, human-centric AI future. By bringing together Europe's vision for AI sovereignty and India's deep technology capabilities, we aim to contribute to the AI Roadmap initiative with expertise in AI, Generative AI, Cloud, and Cybersecurity."

The collaboration is anchored in E-Group's Budapest Initiative, which aims to advance innovation that is secure, transparent, and globally relevant.

E-Group's Perspective

Antal Kuthy, Founder & CEO of E-Group ICT Software Zrt., expressed his company's commitment to the project: "E-Group is dedicated to building sovereign, human-centric AI ecosystems in line with Europe's strategic priorities. Partnering with Kellton under the EU-India Framework Agreement allows us to align Europe's sovereignty objectives with India's technology expertise."

Kellton's Growing Influence

This MoU underscores Kellton's growing influence in the global AI and digital transformation landscape. The company has been recognized as a leader in various technology domains:

• Named a Leader in Zinnov Zones for ER&D Digital Engineering and Experience Engineering
• Recognized by ISG and Avasant for its SAP services

With a workforce of over 1,800 employees across delivery centers and offices in the United States, Europe, and the Asia-Pacific region, Kellton continues to expand its global footprint and technological capabilities.

Recent Corporate Developments

In addition to the AI collaboration, Kellton Tech Solutions has recently made other significant corporate moves:

1. The company announced its 31st Annual General Meeting, demonstrating its commitment to shareholder engagement and corporate governance.

2. Kellton's Securities Issuance Committee approved the allotment of 40,23,500 fully paid-up equity shares of face value ₹1 each upon conversion of Foreign Currency Convertible Bonds (FCCBs). This move has increased the company's paid-up equity share capital from ₹51,37,22,420 to ₹51,77,45,920.

As Kellton Tech Solutions continues to innovate and expand its technological offerings, this latest partnership with E-Group ICT Software Zrt marks a significant milestone in the company's journey towards shaping the future of AI on a global scale.

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.