Description
Kellton Tech Solutions Ltd lists 40,23,500 equity shares of Re. 1/- each issued pursuant to conversion of Foreign Currency Convertible Bonds (FCCBs), effective October 15, 2025.
Summary
Kellton Tech Solutions Ltd. (Scrip Code: 519602) has listed 40,23,500 equity shares of Re. 1/- each on BSE, effective from Wednesday, October 15, 2025. These shares were issued at par pursuant to the conversion of Foreign Currency Convertible Bonds (FCCBs) and rank pari-passu with the existing equity shares of the company.
Key Points
- 40,23,500 new equity shares of Re. 1/- each issued
- Shares issued pursuant to conversion of Foreign Currency Convertible Bonds (FCCBs)
- Shares issued at par value
- New shares rank pari-passu with existing equity shares
- ISIN Number: INE164B01030
- Distinctive Numbers: 513722421 to 517745920
- Scrip Code: 519602
Regulatory Changes
No regulatory changes. This is a standard listing pursuant to FCCB conversion.
Compliance Requirements
- Trading members are informed about the listing of new securities
- Securities are admitted for trading with effect from October 15, 2025
Important Dates
- Date of Allotment: September 8, 2025
- Effective Trading Date: October 15, 2025
- Notice Date: October 14, 2025
Impact Assessment
The listing of approximately 4 million new equity shares represents a dilution event for existing shareholders. However, as these shares arise from pre-existing FCCB obligations, the conversion was likely anticipated by the market. The shares rank pari-passu with existing equity, meaning they carry the same rights and privileges. The impact on stock price and trading volumes will depend on the proportion of dilution relative to the existing equity base and market sentiment toward the company.
Impact Justification
Standard listing of equity shares from FCCB conversion. Medium impact due to dilution of approximately 4 million shares, but routine corporate action with shares ranking pari-passu with existing equity.