Multibagger small-cap IT company Kellton Tech Solutions has informed exchanges that it will raise funds through the issue and allotment of warrants. The company has decided to issue and allot up to 55 lakh warrants convertible into one equity share with a face value of Rs 5 each. The warrants will be issued to promoters and non-promoters on a preferential basis.
Issue Price Of Warrant
The company has fixed Rs 126 as the issue price of the warrant. This includes a premium of Rs 121 per premium.
Meanwhile, Kellton Tech Solutions on June 18, 2025, through its release, has clarified that the issue price of the warrant is Rs 126.
"The “Issue Price / Allotted Price (in ₹)” mentioned therein should be read as ₹126/-. The previously stated figure was inadvertently included due to a typographical error and is to be disregarded for all purposes," the filing reads.
Stock Split
The board of directors of the company has also recommended a stock split in the ratio of 1:5. After the stock split, each fully paid-up equity share of the company with a face value of Rs 5 will be split into five equity shares with a face value of Re 1.
The company has not fixed a record date for this corporate action. It said that the record date for this corporate action will be decided after obtaining approval of the shareholders.
"The record date for the purpose of the above sub-division/split of Equity Shares shall be decided after
obtaining approval of the shareholders through EGM will be intimated in due course," the filing reads.
Stock Market Today
Meanwhile, benchmark indices Sensex and Nifty declined in early trade on Thursday in-line with weak trends from global markets as the ongoing Iran-Israel conflict continue to weigh on investors' sentiment.
The 30-share BSE Sensex declined 253.62 points to 81,191.04 in early trade. The 50-share NSE Nifty dropped 73.95 points to 24,738.10.