The board of directors of Kellton Tech Solutions Limited has declared raising funds through the rights issue at their meeting on Saturday, October 17, 2026. According to the company's exchange filing, the offer size will not exceed ₹160 crore for equity shares of face value of Re. 1 each. The company board also approved the Draft Letter of Offer, with terms and conditions including issue price, rights entitlement ratio, record date, and payment terms to be determined and communicated later.
Shares of the small-cap stock under ₹50 witnessed strong buying interest on Friday following the announcement of the board meeting agenda for the rights issue. As reported by Live Mint, Kellton Tech Solutions share price finished around 3% higher at ₹12.47 per share on the NSE on Friday. The stock closed with a market capitalization of around ₹660 crore and a PE ratio of around 7.3.
The small-cap stock is currently trading within its 52-week range, with the 52-week high of ₹23.80 and 52-week low of ₹11.80. According to the exchange filing, the company stated that the rights issue will be conducted in accordance with applicable laws, including the Companies Act, 2013, as amended, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, subject to relevant regulatory approvals.
The company has made significant corporate governance changes, with Ms. Muskan Manucha appointed as Company Secretary and Compliance Officer effective October 18, 2026. Simultaneously, Rahul Jain has resigned from the same position effective October 17, 2026, to pursue a new career opportunity. The company has also confirmed compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, through its Registrar and Share Transfer Agent.
The Nomination and Remuneration Committee has approved the allotment of 56,000 equity shares under ESOP Plan 2013 to eligible employees, pursuant to the exercise of stock options. According to the filing with BSE and NSE on September 30, 2026, this allotment increases the company's paid-up capital from 53,14,04,670 shares to 53,14,60,670 shares, with each share having a face value of ₹1. The company has also announced it will close its trading window for designated persons and their immediate relatives from October 1, 2026, until 48 hours after announcing unaudited financial results for the quarter ended September 30, 2026**.
