Kellton Tech Solutions’ shares are expected to remain in focus on Monday after the company announced that its board has approved the issuance of foreign currency convertible bonds (FCCBs) worth $40 million.
The announcement was made after market hours on Saturday. On Friday, shares of the small-cap IT firm closed 0.90% lower at ₹21.95 apiece. The stock has shown volatility recently, falling over 8% in the past month but gaining around 3% in the last six months. Over the past five years, the multibagger stock has delivered impressive returns of over 120%.
FCCB Issue Details
In a regulatory filing dated November 1, 2025, Kellton Tech said,
“The Board of Directors of Kellton Tech Solutions Limited, at its meeting held today, has, inter alia, considered and approved the issuance of up to U.S. $40,000,000 (United States Dollars Forty Million) Foreign Currency Convertible Bonds (‘FCCBs’).”
The company added that this issuance aligns with the shareholder approval granted at its Annual General Meeting held on September 30, 2025. Kellton further stated that it will continue to inform stock exchanges about key milestones in the FCCB issuance process, including final terms, documentation progress, and regulatory approvals as they are finalized.
UNFPA Collaboration on Generative AI
Earlier, on October 30, Kellton announced that the United Nations Population Fund (UNFPA) has selected the company to develop and deploy Generative AI-based applications. These tools aim to promote digital innovation and human-centric transformation in UNFPA’s global initiatives.
Commenting on the partnership, Karanjit Singh, CEO of Kellton Tech, said:
“Our collaboration with UNFPA symbolizes how innovation can drive empathy and impact at a global scale. By combining our AI engineering strength with UNFPA’s humanitarian vision, we’re building solutions that not only transform digital operations but also make technology more inclusive, transparent, and meaningful.”
The company emphasized that the collaboration marks a significant milestone in its mission to leverage artificial intelligence for social good and accelerate progress toward the UN Sustainable Development Goals (SDGs).
Disclaimer: The above article is for informational purposes only and should not be construed as investment advice. Investors are advised to consult their financial advisors before making any investment decisions.
