Kellton Tech Share Price Today Declines as Small-Cap IT Stock Approves Rs 160 Crore Rights Issue

Small-cap IT stock, Kellton Tech Solutions has come into focus after its board approved a rights issue of up to Rs 160 crore. The proposed fundraising puts the spotlight on the company's next capital-raising move and what it could mean for existing shareholders, particularly those tracking corporate actions in the stock.

Kellton Tech Share Price Today

Kellton Tech shares closed at Rs 11.00 on October 23, 2026, at 3:30 pm. The stock opened at Rs 11.34 and touched an intraday high of Rs 11.40 and a low of Rs 10.66. The latest price movement comes as the company advances its proposed rights issue, although the final terms of the offer are yet to be announced.

The company has approved the Draft Letter of Offer for the proposed issue, which will allow eligible existing shareholders to subscribe to additional equity shares. However, the offer's pricing and eligibility details are still awaited, leaving investors without a clear picture of how much they may need to invest or how many additional shares they could receive.

Kellton Tech Rights Issue: Rs 160 Crore Fundraising Plan Approved

The company's board approved the rights issue proposal and Draft Letter of Offer at its October 17, 2026 meeting. The proposed issue size is capped at Rs 160 crore, with the new equity shares to be offered to eligible existing shareholders, subject to applicable regulatory and statutory requirements.

Know About Company

Kellton Tech operates in a competitive technology services market, serving clients with digital transformation and enterprise technology requirements. Its business includes areas such as cloud solutions, data analytics, software and product development, and AI and machine learning-related services.

The company reported revenue of Rs 1,225.4 crore for FY26, marking year-on-year growth of 11.4%, according to its financial results announcement. Net profit stood at Rs 91.7 crore, while EBITDA reached Rs 143.9 crore, with an EBITDA margin of 11.8%.

Kellton Tech Stock Split And Bonus Share History

Kellton Tech has previously undertaken corporate actions that increased the number of shares held by investors. Its shares traded ex-split on July 25, 2025, for a 1:5 stock split. Under this arrangement, each existing share was divided into five shares, with the face value adjusted proportionately.

The company had also undertaken a 1:1 bonus issue in March 2018. Under that corporate action, eligible shareholders received one additional share for every share held, with March 27, 2018 recorded as the ex-bonus date and March 29, 2018 as the record date.

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