From mint · Asit Manohar · · 1m
Kellton Tech Solutions Rights Issue 2026 Details
Kellton Tech Solutions announces rights issue up to ₹160 crore with record date to be set.
In brief
Kellton Tech Solutions announces rights issue up to ₹160 crore with record date to be set. Kellton Tech Solutions' board approved rights issue up to ₹160 crore with terms to be decided later. Originally reported by mint.
Kellton Tech Solutions rights issue 2026
Kellton Tech Solutions Limited board declared rights issue not exceeding ₹160 crore.
“We wish to inform you that the Board of Directors of Kellton Tech Solutions Limited (“the Company”) at its meeting held today i.e. Saturday, October 17, 2026 has considered and, inter alia, approved Issue of Equity Shares of the Company of face value of Re. 1/- each (the “Equity Shares”) for an amount up to and not exceeding Rs. 160 Crores (Rupees One Hundred and Sixty Crores Only) by way of Rights Issue to the eligible Shareholders of the Company as on the Record Date (to be determined and notified subsequently, and such issue, the “Rights Issue”), in accordance with applicable laws, including the Companies Act, 2013, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the “SEBI ICDR Regulations”), as amended, subject to such regulatory and statutory approvals, as may be relevant under the applicable laws.”
Rights issue terms to be decided
The company will determine issue price, entitlement ratio, record date, subscription date and payment terms later.
“The Board of Directors have also approved the Draft Letter of Offer. Further, the Board of Directors will, inter alia, decide the terms and conditions of the Rights Issue, including but not limited to the determination of the issue price, rights entitlement ratio, record date, timing of the Rights Issue and terms of payment and other related matters.”
Record date to be set
Record date for rights issue will be determined and notified after board meeting.
“The record date (to be determined and notified subsequently”
Share price reaction
Shares rose 3% to ₹12.47 after rights issue announcement.
“Kellton Tech Solutions' share price finished around 3% higher at ₹ 12.47 per share on the NSE on Friday”
Market cap and valuation
Company has market cap of ₹660 crore with PE ratio of 7.3.
“The small-cap stock finished on NSE with a market cap of around ₹ 660 crore and a PE ratio of around 7.3”
Small cap stock context
Stock is beaten-down with 52-week high of ₹23.80 and low of ₹11.80.
“Its 52-week high is ₹ 23.80, and the 52-week low is ₹ 11.80”
What to remember
Kellton Tech Solutions' board approved rights issue up to ₹160 crore with terms to be decided later.
