IT Stock Plans Share Capital Restructuring Via Stock Split; Eyes Fund Infusion Via Equity-Linked Instruments

On Thursday, the shares of small-cap IT stock Kellton Tech Solutions opened higher on the BSE at Rs 130.70 per share compared to the previous close of Rs 127.15. The rally in the stock price was witnessed after the company, after the Board of Directors of Kellton Tech Solutions Limited is scheduled to be held on Saturday, June 14, 2025 inter-alia to consider fundraising and stock split.

"Pursuant to Regulation 29 of the Listing Regulations, we wish to inform you that a meeting of the Board of Directors of Kellton Tech Solutions Limited (the "Company") is scheduled to be held on Saturday, June 14, 2025 inter-alia, to transact the following item; 1. to consider and if thought fit, approve the proposal of raising of funds by issuance of equity shares / convertible bonds / debentures / warrants / preference shares / any other equity linked securities ("Securities") through permissible modes including by way of a private placement, preferential issue or qualified institutions placement of Securities or any other method as may be permitted under applicable laws, including the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and such other acts, rules and regulations, as may be applicable; 2. to consider the proposal of Alteration of the share Capital of the Company by sub-division/ split of existing Equity Shares of face value of Rs. 5/- Each," said Kellton Tech Solutions in a stock exchange filing.

"Further, in accordance with Regulation 9 of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and pursuant to the Company's Code of Fair Disclosure and Code of Conduct for Prevention of Insider Trading, we hereby inform that the trading window for dealing in the securities of the Company by Designated Persons and their immediate relatives shall remain closed until 48 hours after the dissemination of the outcome of the Board Meeting," Kellton Tech Solutions further informed stock exchanges on Wednesday.

Financially speaking, the company's March 2025 quarter net sales of Rs 45.84 crore represented a 13.67% drop from the March 2024 quarter's net sales of Rs 53.10 crore. In Q4FY25, its net profit was Rs. 3.21 crore, increasing 33.48% from Q4FY24's Rs. 2.40 crore. EBITDA improved 23.59% from Rs. 7.80 crore in the quarter ended in March 2024 to Rs. 9.64 crore in the quarter ended in March 2025.

"Q4 indeed marked the expansion of our AI caliber when our team pioneered next-generation solutions rooted strongly in predictive analytics and intelligent automation. These advancements reflected our vision of creating an AI-first ecosystem that drives efficiency, agility, and long-term success for our clients. As we move forward in FY 2025-26, Kellton remains committed to pushing the boundaries of AI innovation. Our strategic investments in cutting-edge technologies and talent will continue to deliver transformative outcomes, setting new benchmarks in the industry," Mr. Niranjan Chintam, Chairman & Whole-time Director, Kellton Tech, said.

Technology consultancy and services are provided by Kellton Tech Solutions. A rapidly growing business, Kellton Tech has been named one of the top tech firms to work for and has been on Forbes Asia's "Best Under a Billion" list and Deloitte's "Technology Fast50" India list four times.