Kelton Tech Solutions announces rights issue up to Rs 160 crore alongside past split and bonus details

Rights Issue

Technology consulting firm Kelton Tech Solutions has declared a rights issue that will not exceed 160 crore rupees. The company board has approved the Draft Letter of Offer for the issue. Shares of the firm are available at 11 rupees per share. The company has not yet declared a record date for the rights issue. It stated in an exchange filing that it will disclose the record date, entitlement ratio, issue price, timing, terms of payment, and other details in due course.

Past Actions and Airline Mandate

According to the BSE website, Kelton Tech Solutions shares traded ex-date on 25 July 2025 for a 1:5 stock split. The company also has a history of a 1:1 bonus share issuance, where shares traded ex-date on 27 March 2018 with a record date of 29 March 2018. Additionally, the firm announced on Friday, 23 October 2026, that it secured an engagement to take end-to-end ownership of a centralised engineering function for a leading Middle East airline. This mandate will strengthen the engineering foundation of the airline's web and mobile ecosystem. Kellton will unify engineering processes, operational practices, and technology delivery across the airline's digital environment. This engagement builds on the company's prior aviation technology experience with leading Indian and international airlines and a major airport operator.

Context

Rights issues allow listed companies to raise fresh capital by giving existing shareholders the right to buy additional shares at a discounted price. Technology consulting firms frequently manage digital infrastructure and software development mandates for large global enterprises like airlines. Small-cap stocks often undergo corporate actions such as stock splits and bonus issues to alter their share price and improve liquidity for retail investors.