Kellton Tech Solutions Plans Fund Raise Through Rights Issue up to Rs 160 Crore

The board of directors of Kellton Tech Solutions Limited has approved raising funds through a rights issue for an amount up to Rs 160 crore. The decision was finalized during a board meeting held on Saturday, October 17, 2026. The company board also approved the Draft Letter of Offer for the equity shares, which have a face value of Re 1 each.

Details and Market Response

Specific terms and conditions of the rights issue, including the issue price, entitlement ratio, record date, and timing, will be decided and announced at a later date. Ahead of the announcement, shares of the small-cap company saw strong buying interest on Friday. The stock closed about 3 percent higher at Rs 12.47 per share on the National Stock Exchange. The company has a market capitalisation of around Rs 660 crore and a price-to-earnings ratio of about 7.3. Its 52-week high stands at Rs 23.80, while the 52-week low is Rs 11.80.

Context

A rights issue is a way for a company to raise new funds by giving existing shareholders the chance to buy additional shares at a set price. Small-cap stocks often use such corporate actions to raise capital for business needs or debt management.