Kellton Tech Solutions Ltd. Allots Equity Shares Following Warrant Conversion
Kellton Tech Solutions Ltd. announced today, March 31, 2026, that its Board of Directors has approved the allotment of 36,00,000 fully paid-up equity shares of ₹ 1/- each to M/s. Matnic Finvest LLP, a promoter group member, following the conversion of warrants.The allotment was made for a total consideration of ₹ 6,80,40,000. Matnic Finvest LLP received the remaining exercise price of ₹ 18.9/- per share warrant, representing 75% of the warrant exercise price of ₹ 25.2/- per warrant.
The equity shares issued rank pari-passu with existing equity shares of the company. As a result of this allotment, the company’s paid-up equity share capital increased to ₹ 53,14,04,670, comprised of 53,14,04,670 shares.
Currently, 2,39,00,000 warrants, each convertible into equity shares of Face value ₹ 1, remain outstanding, with holders entitled to convert them into equity shares by paying ₹ 18.9/- per warrant within 18 months from the warrant allotment date of March 18, 2027.
Following the allotment, the promoter group's shareholding has increased from 37.67% to 38.09%.
Shareholding Details
The following table summarizes the shareholding changes:
| Pre Allotment | % of Holding | Post Allotment | % of Holding | |
|---|---|---|---|---|
| Promoter and Promoter Group | 19,88,28,550 | 37.67% | 20,24,28,550 | 38.09% |
| Public Shareholders | 32,89,76,120 | 62.33% | 32,89,76,120 | 61.91% |
| Total Shareholding | 52,78,04,670 | 100.00% | 53,14,04,670 | 100.00% |
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