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Small-cap stock under ₹50: The board of directors of Kellton Tech Solutions Limited has declared raising funds through the rights issue. The small-cap took a decision in this regard at the board meeting on Saturday, declaring that the offer size would not exceed ₹160 crore. The company board also approved the Draft Letter of Offer. The small-cap company said the terms and conditions of the rights issue will be determined and communicated later. The small-cap stock under ₹50 made an announcement about the rights issue through an exchange filing, saying, “We wish to inform you that the Board of Directors of Kellton Tech Solutions Limited (“the Company”) at its meeting held today i.e. Saturday, October 17, 2026 has considered and, inter alia, approved Issue of Equity Shares of the Company of face value of Re. 1/- each (the “Equity Shares”) for an amount up to and not exceeding Rs. 160 Crores (Rupees One Hundred and Sixty Crores Only) by way of Rights Issue to the eligible Shareholders of the Company as on the Record Date (to be determined and notified subsequently, and such issue, the “Rights Issue”), in accordance with applicable laws, including the Companies Act, 2013, as amended, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the “SEBI ICDR Regulations”), as amended, subject to such regulatory and statutory approvals, as may be relevant under the applicable laws.” Regarding other details of the Kellton Tech Solutions rights issue, the small-cap company said, “The Board of Directors have also approved the Draft Letter of Offer. Further, the Board of Directors will, inter alia, decide the terms and conditions of the Rights Issue, including but not limited to the determination of the issue price, rights entitlement ratio, record date, timing of the Rights Issue and terms of payment and other related matters.” This means the company has decided the size of the Kelltton Tech Solutions rights issue won't exceed ₹160 crore. The rest of the information, such as the rights issue record date, subscription date, entitlement ratio and eligibility, and the purpose of the issue, will be decided and communicated later. As the tech stock had already announced the board meeting agenda for the rights issue to raise funds, shares of the small-cap stock under ₹50 witnessed strong buying interest on Friday. Kellton Tech Solutions' share price finished around 3% higher at ₹12.47 per share on the NSE on Friday. The small-cap stock finished on NSE with a market cap of around ₹660 crore and a PE ratio of around 7.3. The stock is one of the beaten-down stocks available on Dalal Street. Its 52-week high is ₹23.80, and the 52-week low is ₹11.80. Disclaimer: This story is for educational and informational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified financial experts before making any investment decisions. Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed media organisations like NDTV Profit, The Economic Times, and Zee Business. He has been working at LiveMint Digital since April 2021. During these two decades of journey in mainstream media, Asit has mainly covered external affairs, markets and personal finance. However, his earliest beats include railways, SME, MSME, and politics (Congress beat). Some of his features on political, economic, and foreign policy are documented in the parliamentary records. <br><br> While pursuing his MA (Mass Communication, Session 2004-06), Asit began his media career as a stringer at All India Radio in Varanasi. At AIR Varanasi, Asit worked with the Gyanvani, Yuvvani and Vividh Bharti teams. After working for nearly one year at AIR Varanasi, he shifted to print journalism and started working as a stringer for the HT Media Ltd, Varanasi. At HT Media Ltd in Varanasi, he covered the BHU beat. <br><br> Asit has also worked with some brokerage houses. He has worked with Religare Broking and India Infoline, where he assisted the research team in developing and executing trade strategies for intraday cash, F&O, and commodities. <br><br> Asit is a Gold Medalist in MA (Mass Communication) from BHU, Varanasi. He did his BSc. (Hons) in Mathematics from Magadh University, Bodh Gaya. Asit was a National Talent Scholarship holder during his senior secondary studies (1988-91). Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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