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.

Kellton Tech Solutions has made a significant move to bolster its financial position by allotting 55 lakh convertible warrants on a preferential basis. This strategic decision, approved by the company's Board of Directors through a Resolution by Circulation on September 19, 2025, marks a potential influx of capital for the IT solutions provider.

Key Details of the Warrant Allotment

Financial Implications

The company has already received 25% of the total consideration upfront, with the remaining 75% payable upon conversion. This structure provides Kellton Tech with immediate access to capital while offering flexibility for future funding as the warrants are converted.

Governance and Oversight

To ensure smooth execution of this preferential issue, Kellton Tech's Board has authorized a Securities Issuance Committee. This committee will oversee all aspects related to the preferential issue, including:

• Monitoring the issuance process
• Managing the allotment of warrants and shares
• Overseeing the receipt of funds
• Handling necessary documentation
• Managing regulatory filings
• Coordinating applications for listing and trading of the resulting equity shares upon conversion

Regulatory Compliance

The allotment is in line with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has assured that the newly issued shares, upon conversion, will be fully paid, issued in dematerialized form, and will rank pari passu with existing equity shares, subject to applicable lock-in periods as per SEBI ICDR regulations.

Potential Impact

This move by Kellton Tech Solutions could signify a strategic effort to raise capital for expansion, debt reduction, or other corporate purposes. The successful conversion of these warrants could lead to a notable increase in the company's equity base and potentially impact its shareholding structure.

Investors and market watchers will likely keep a close eye on the utilization of funds and the timeline of warrant conversions, as these factors could influence the company's future growth trajectory and market performance.

As the tech landscape continues to evolve rapidly, Kellton Tech's decision to issue convertible warrants may position it to capitalize on emerging opportunities in the IT solutions sector. Stakeholders will await further updates on how this capital infusion will translate into strategic initiatives for the company.