AI Penny Stock Below Rs 30: Board allots 1,00,58,750 shares on conversion of Foreign Currency Convertible Bonds (FCCBs)
DSIJ Intelligence-1 / 29 Sep 2025/ Categories: Penny Stocks, Trending
The stock is up 28 per cent from its 52-week low of Rs 19.01 per share and has given multibagger returns of 225 per cent in 5 years.
Kellton Tech Solutions Ltd. has successfully completed the full conversion of its Foreign Currency Convertible Bonds (FCCBs) into equity, with the final allotment of 1,00,58,750 fully paid-up equity shares of face value Re 1 each on September 25, 2025, a move for which it had received in-principle approval from BSE and NSE on February 20, 2025. This conversion, executed at an issue price of Rs 21.2 per share (including a premium of Rs 20.2), results in the company's total number of issued and paid-up equity shares increasing from 51,77,45,920 to 52,78,04,670, and a corresponding change in the paid-up capital from Rs 51,77,45,920 to Rs 52,78,04,670. With this final allotment, all FCCBs issued by the company now stand fully converted, leaving no FCCBs remaining outstanding.
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About the Company
Kellton Tech Solutions Ltd, listed on the NSE and BSE, is a global leader in AI and digital transformation with its headquarters in Hyderabad, India. The company, which operates on the philosophy of "Infinite Possibilities with Technologies," employs over 1,800 people across its offices and delivery centres in the United States, Europe and Asia-Pacific. Kellton offers a wide range of transformative solutions, including Agentic AI, cloud engineering, enterprise application modernisation and data analytics, serving clients across multiple sectors like BFSI, manufacturing, retail and healthcare. The company's expertise has been recognised by top analysts, earning it a spot as a leader in Zinnov Zones for ER&D Digital and Experience Engineering and commendation from ISG and Avasant for its SAP services.
For the first quarter ending June 30, 2025, Kellton Tech Solutions Ltd. reported a consolidated revenue of Rs 296.10 crore, which represents a 12.8 per cent year-over-year and 3.1 per cent quarter-over-quarter increase. Its net profit for the quarter was Rs 22.70 crore, showing a 13.5 per cent year-on-year rise, with an EPS of Rs 2.32. In FY25, the company reported an 11.7 per cent increase in annual net sales to Rs 1,098 crore and a 23.4 per cent rise in net profit to Rs 80 crore compared to FY24.
The company's 1:5 stock split became effective on July 28, 2025. Each equity share with a face value of Rs 5 has been converted into five shares with a face value of Re 1 each. FIIs bought 2,06,150 shares and increased their stake to 1.27 per cent in Q1FY26 compared to Q4FY25. The company's promoters hold 40.78 per cent stake as of June 2025 and the stock trades at a PE of 16x whereas the industry PE is 33x. The company has a market cap of over Rs 1,200 crore. The stock is up 28 per cent from its 52-week low of Rs 19.01 per share and has given multibagger returns of 225 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.