Description
BSE lists 56,32,900 new equity shares of Kellton Tech Solutions Ltd arising from 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) arising from the conversion of Foreign Currency Convertible Bonds (FCCBs). The shares will commence trading on August 7, 2025.
Key Points
- 56,32,900 equity shares of Re. 1/- each issued at par
- Shares arising from FCCB conversion
- New shares rank pari-passu with existing equity shares
- ISIN: INE164B01030
- Allotment date: July 4, 2025
- Distribution numbers: 487569671 to 493202570
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
Trading members are informed of the new listing and should update their systems accordingly for trading commencement.
Important Dates
- Allotment Date: July 4, 2025
- Trading Commencement: August 7, 2025
- Notice Date: August 6, 2025
Impact Assessment
The conversion of FCCBs results in significant equity dilution with over 56 lakh new shares being added to the tradeable float. This increases the total equity base and may impact share price and existing shareholder ownership percentages. The pari-passu ranking ensures equal rights for new shareholders.
Impact Justification
Significant equity dilution through FCCB conversion affects existing shareholders