Description
Listing of 1,00,58,750 equity shares of Kellton Tech Solutions Ltd issued pursuant to conversion of Foreign Currency Convertible Bonds (FCCBs), effective from November 6, 2025.
Summary
BSE has announced the listing of 1,00,58,750 equity shares of Re. 1/- each of Kellton Tech Solutions Ltd (Scrip Code: 519602) issued at a premium of Rs. 20.20/- per share. These shares were issued pursuant to the conversion of Foreign Currency Convertible Bonds (FCCBs) and will be admitted for trading with effect from Thursday, November 6, 2025. The newly issued shares rank pari-passu with existing equity shares.
Key Points
- Company: Kellton Tech Solutions Ltd
- Scrip Code: 519602
- ISIN: INE164B01030
- Number of Shares: 1,00,58,750 equity shares of Re. 1/- each
- Issue Price: Rs. 21.20/- per share (Re. 1/- face value + Rs. 20.20/- premium)
- Purpose: Conversion of Foreign Currency Convertible Bonds (FCCBs)
- Date of Allotment: September 25, 2025
- Trading Start Date: November 6, 2025
- Distinctive Numbers: 517745921 to 527804670
- Status: Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification for securities issued pursuant to FCCB conversion.
Compliance Requirements
- Trading members are informed to note the listing of these additional securities for trading purposes
- The new shares carry the same ISIN (INE164B01030) as existing equity shares
- All rights and benefits attached to these shares are identical to existing equity shares
Important Dates
- Date of Allotment: September 25, 2025
- Notice Date: November 4, 2025
- Trading Commencement: November 6, 2025 (Thursday)
Impact Assessment
Market Impact: The listing of over 10 million new equity shares represents a significant addition to the company’s equity base. At the issue price of Rs. 21.20 per share, this FCCB conversion resulted in approximately Rs. 213 crore worth of equity issuance.
Dilution Effect: Shareholders should note the dilutive impact of these additional shares on their existing holdings. The magnitude of dilution depends on the pre-conversion equity base.
Liquidity Impact: The addition of 1 crore+ shares to the float may improve liquidity in the stock, though the actual trading impact will depend on how these shares are distributed among investors.
Investor Consideration: As these shares rank pari-passu with existing shares, they carry identical voting rights, dividend entitlements, and other shareholder benefits. The conversion from FCCBs to equity eliminates the debt obligation for the company and strengthens the equity base.
Impact Justification
Routine listing of shares from FCCB conversion. Medium impact due to 10 million+ share dilution (approximately 9.5% increase in equity base) but low severity as it's a planned corporate action with no immediate trading implications.