Hyderabad, May 16, 2025 – Kellton Tech Solutions Limited (BSE: 519602, NSE: KELLTONTEC) has officially announced the issuance of USD 10 million worth of Foreign Currency Convertible Bonds (FCCBs), marking a strategic move to raise capital for long-term growth and expansion.

The Security Issuance Committee of the company, in a meeting held on May 16, 2025, approved the allotment of 10,000 senior unsecured FCCBs of face value USD 1,000 each, bearing interest at 6.5% per annum, and maturing in 2035. These bonds are convertible into equity shares of the company at a conversion price of Rs.106 per share.

This issue has been made under the approval obtained from shareholders via resolution dated January 22, 2025, and in-principle approvals granted by BSE and NSE on February 20, 2025.

Key Details of the FCCB Issuance:

• Total Issue Size: USD 10,000,000

• Type: Senior Unsecured Foreign Currency Convertible Bonds

• Coupon Rate: 6.5% per annum

• Maturity: Year 2035

• Face Value: USD 1,000 per bond

• Initial Conversion Price: Rs.106 per equity share (Re. 5 face value)

• Allotment Date: On or before May 22, 2025, subject to legal and regulatory compliance

The bonds will be credited to eligible subscribers after all required funds are received, conditions precedent are satisfied, and applicable laws and regulations are complied with, as noted by the company.

Strategic Intent and Compliance:

This FCCB issuance aligns with Kellton Tech’s broader objective of securing growth capital through international financing mechanisms while offering the option for equity conversion, thereby reducing long-term debt liabilities.

The move comes in the backdrop of robust shareholder and regulatory support. It reflects a well-calculated financing strategy to bolster the company’s technology-driven operations and digital initiatives across global markets.

As disclosed in the communication, the Security Issuance Committee not only approved the issue and conversion pricing but also ratified the final Offering Circular which contains all essential terms and legal obligations binding on both the issuer and subscribers.

The meeting of the committee began at 07:30 PM and concluded at 08:15 PM on May 16, 2025, at the company’s Hyderabad office.

About Kellton Tech Solutions Limited:

Kellton Tech Solutions Ltd. is a global leader in digital transformation and IT consulting, known for enabling businesses with scalable, innovative, and integrated technology solutions. Founded in 1993 and headquartered in Hyderabad, India, the company operates globally with delivery centres in North America, Europe, and Asia-Pacific.

Kellton specializes in enterprise mobility, cloud computing, ERP, and IoT solutions, helping enterprises and startups alike to adopt cutting-edge technologies that drive digital disruption.

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