AI Penny Stock Below Rs 30: Board approved fund raising of USD 50 million via FCCBs & Rs 250 crore via equity shares
DSIJ Intelligence-1 / 08 Oct 2025/ Categories: Penny Stocks, Trending
The stock is up 26.2 per cent from its 52-week low of Rs 19.01 per share and has given multibagger returns of 140 per cent in 5 years.
On Wednesday, shares of Kellton Tech Solutions Limited gained 0.5 per cent to Rs 23.99 per share from its previous closing of Rs 23.88 per share. The stock’s 52-week high is Rs 35.50 per share and its 52-week low is Rs 19.01 per share.
Kellton Tech Solutions Ltd, at its General Meeting (like an Annual or Extraordinary General Meeting) for a company, collectively seek to significantly strengthen the company's financial capacity and capital structure. Specifically, proposed raising substantial new funds: up to USD 50 million via Foreign Currency Convertible Bonds (FCCBs) on a private placement basis (a debt instrument that can be converted into equity) and up to Rs 250 crore via equity shares or other eligible securities.
To accommodate this potential capital expansion, to increase the company's Authorised Share Capital from Rs 60 crore to Rs 100 crore and consequently amend the Memorandum of Association (MOA). Further enhancing financial flexibility, seeks to increase the company's overall borrowing limits from Rs 500 crore to Rs 750 crore under Section of the Companies Act, 2013. The company’s authorisation to exceed the limits specified under Section 186 of the same Act for loans and investments. Passing these special resolutions indicates the company is planning a significant push for growth, potentially involving major projects, expansions, or acquisitions, requiring a much larger pool of funds and greater financial manoeuvrability.
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 26.2 per cent from its 52-week low of Rs 19.01 per share and has given multibagger returns of 140 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.