Description
BSE lists 56,32,900 new equity shares of Kellton Tech Solutions Ltd issued through FCCB conversion, effective August 7, 2025.
Summary
BSE has approved the listing of 56,32,900 new equity shares of Kellton Tech Solutions Ltd (Scrip Code: 519602) issued through Foreign Currency Convertible Bonds (FCCBs) conversion. The shares will commence trading from August 7, 2025.
Key Points
- 56,32,900 new equity shares of Re. 1/- each issued at par value
- Shares issued pursuant to conversion of Foreign Currency Convertible Bonds (FCCBs)
- New shares rank pari-passu with existing equity shares
- ISIN: INE164B01030
- Distribution numbers: 487569671 to 493202570
Regulatory Changes
No regulatory framework changes. Standard listing procedure for FCCB conversion.
Compliance Requirements
- Trading members informed of new securities listing
- Standard trading and settlement procedures apply
- Shares treated equally with existing equity shares
Important Dates
- Allotment Date: July 4, 2025
- Trading Commencement: August 7, 2025
- Notice Date: August 6, 2025
Impact Assessment
The conversion adds significant equity dilution of over 56 lakh shares to Kellton Tech’s share capital. This represents a substantial increase in the equity base and may impact earnings per share and shareholding patterns. The pari-passu ranking ensures equal treatment with existing shareholders for dividends and voting rights.
Impact Justification
Significant equity dilution of 56+ lakh shares through FCCB conversion affects shareholding pattern