Kellton Tech rights issue: up to Rs 160.00 cr approved by board

• Type of action: Rights Issue of equity shares
• Instrument: Equity Shares of face value of Re. 1/- each
• Issue size: Amount up to and not exceeding Rs 160.00 cr (Rupees One Hundred and Sixty Crores Only)
• Mode: Rights Issue to eligible shareholders of the company
• Record date: To be determined and notified subsequently
• Issue price: To be decided by the Board of Directors
• Rights entitlement ratio: To be decided by the Board of Directors
• Timing and payment terms: To be decided by the Board of Directors

In the main outcome letter, Kellton Tech states that the Board of Directors, at its meeting held on October 17, 2026, has "considered and, inter alia, approved" the **issue of Equity Shares of the Company of face value of Re. 1/- each (the “Equity Shares”) for an amount up to and not exceeding Rs 160.00 cr (Rupees One Hundred and Sixty Crores Only) by way of Rights Issue to the eligible Shareholders of the Company as on the Record Date (to be determined and notified subsequently, and such issue, the “Rights Issue”), in accordance with applicable laws".

The detailed disclosure in Annexure I to the filing specifies that the type of securities proposed to be issued is "Equity Shares" and the type of issuance is "Rights Issue". For the total amount, Annexure I records: "Amount not exceeding Rs 160.00 cr (Rupees One Hundred and Sixty Crores Only)". The company also notes under the heading on cancellation or termination of the proposal that this is "Not Applicable".

The filing makes clear that the rights issue will be offered "to the eligible Shareholders of the Company as on the Record Date", but also states that the record date will be "determined and notified subsequently". This means investors who hold shares as on that future record date, once announced, will be eligible to receive rights entitlements in proportion to their shareholding, based on the rights entitlement ratio that the board will decide later.

Until the company announces the record date and the rights entitlement ratio, investors do not yet know how many rights shares they may be able to subscribe for per share held, or at what price.

The board has also approved the Draft Letter of Offer for the rights issue. The outcome letter states that the Board of Directors will, "inter-alia, decide the terms and conditions of the Rights Issue, including but not limited to the determination of the issue price, rights entitlement ratio, record date, timing of the Rights Issue and terms of payment and other related matters." These details are expected to be communicated in subsequent filings and in the final letter of offer.

Separately, in Annexure II, the company discloses a key management appointment. The board has appointed Ms. Muskan Manucha (Membership No. ACS 81946) as Company Secretary and Compliance Officer of the Company (Key Managerial Personnel) w.e.f. October 18, 2026. The annexure notes that she is an Associate Member of the Institute of Company Secretaries of India with professional experience in corporate governance, regulatory and statutory compliance, capital market transactions, NCLT proceedings, merger-related documentation, compliance automation and digitalisation, and secretarial and internal audit support.

The meeting of the Board of Directors commenced at 05:00 p.m. and concluded at 05:55 P.M. IST, as recorded in the filing. The company has stated that a copy of this outcome is also being made available on its website at www.kellton.com.