Kellton Tech Board Approves Fund Raise Up to $50M via FCCBs, Re-appoints Directors
Kellton Tech's Board approved raising up to $50 Million via FCCBs. Mr. Srinivas Potluri was re-appointed as Director. Ms. Geeta Goti's re-appointment as Non-Executive Independent Woman Director for a second term (Sep 2027 - Sep 2032) was recommended. The AGM is scheduled for September 30, 2026.
The fund-raising via FCCBs can significantly impact the company's financial structure and growth prospects. Re-appointment of directors ensures continuity.
The company is planning to raise funds and re-appoint key directors, indicating strategic planning and stability.
Kellton Tech Solutions Limited's Board of Directors convened on Saturday, September 05, 2026, from 11:00 A.M. to 11:28 A.M. to discuss and approve key business matters.
The Board recommended raising funds up to USD 50 Million through the issuance of Foreign Currency Convertible Bonds (FCCBs) on a private placement basis. This fund-raising initiative can be executed in one or more tranches and is subject to necessary regulatory and statutory approvals.
Furthermore, the Board approved the re-appointment of Mr. Srinivas Potluri, who retires by rotation and offers himself for re-appointment. His re-appointment is effective from September 05, 2026. The Board also recommended the re-appointment of Ms. Geeta Goti as a Non-Executive Independent Woman Director for a second term of five consecutive years, commencing from September 06, 2027, and continuing up to September 05, 2032. This re-appointment is subject to the approval of the company's members through a Special Resolution and applicable regulatory approvals.
Additionally, the Board approved the schedule for the Annual General Meeting (AGM) for FY 2025-26. The AGM will be conducted on Wednesday, September 30, 2026, at 11:00 A.M. (IST) via Video Conference and Other Audio Visual Mode.
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Kellton Tech Solutions Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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