Penny stock below Rs 30 from the IT sector, Board to meet on September 06 to consider raising funds via equity/convertible securities
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The stock is up 35 per cent from its 52-week low of Rs 19.01 per share and has given multibagger returns of 250 per cent in 5 years.
On Friday, shares of Kellton Tech Solutions Limited surged 1 per cent to Rs 25.64 per share from its previous closing of Rs 25.38 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.
The Board of Directors of Kellton Tech Solutions Limited is scheduled to meet on September 06, 2025, to discuss a proposal to raise funds. In addition to the previously announced agenda items for the Annual General Meeting, the board will consider the potential issuance of fresh equity shares, convertible securities, or other permissible securities. Any such fundraising will be contingent on obtaining the necessary regulatory and statutory approvals, along with other routine and ancillary business matters.
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About the Company
Kellton Tech, a "Born Digital" technology consulting and services company, helps diverse clients from startups to Fortune 500s achieve digital transformation and competitive advantage. Renowned for its deep domain and tech expertise, Kellton Tech acts as a trusted partner. The rapidly growing company has been recognised on Deloitte's "Technology Fast50" India list four times, Forbes Asia's "Best Under a Billion" list and as a top tech workplace, with 1500 employees across the US, Europe, India and Asia-Pacific.
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.
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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 15x whereas the industry PE is 30x. The company has a market cap of over Rs 1,200 crore. The stock is up 35 per cent from its 52-week low of Rs 19.01 per share and has given multibagger returns of 250 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.