Board approves rights issue of up to Rs. 160 Crores; Muskan Manucha appointed Company Secretary
Kellton Tech's Board approved a rights issue of equity shares for an amount up to and not exceeding Rs. 160 Crores, and the Draft Letter of Offer.
By ScoutQuest · · 2 min read
- Rights Issue Size
- up to and not exceeding Rs. 160 Crores
- Face Value per Share
- Re. 1/- each
- Board Meeting Date
- Saturday, October 17, 2026
Rights issue of up to Rs. 160 Crores
- The Board of Directors approved an issue of equity shares of the Company of face value Re. 1/- each for an amount up to and not exceeding Rs. 160 Crores (Rupees One Hundred and Sixty Crores Only) by way of a rights issue to eligible shareholders.
- The Board also approved the Draft Letter of Offer.
- The record date for the rights issue is to be determined and notified subsequently.
- The Board will decide the terms and conditions, including the issue price, rights entitlement ratio, record date, timing of the issue and terms of payment and other related matters.
- The rights issue is subject to such regulatory and statutory approvals as may be relevant.
What a rights issue means
A rights issue is an offer of new shares made first to existing shareholders, usually in proportion to the shares they already hold. It is a way for the company to raise fresh money from its own shareholder base rather than from outside investors.
- Because the issue price, entitlement ratio and record date are yet to be decided, the per-share price and how many shares an eligible shareholder can apply for are not known at this stage.
- Shareholders holding shares as on the record date, once notified, would be the ones eligible for the offer.
Company Secretary and Compliance Officer
- Ms. Muskan Manucha has been appointed as Company Secretary pursuant to Section 203 of the Companies Act 2013 and Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- She has also been designated as Compliance Officer of the Company.
- The appointment is with effect from October 18, 2026.
- Her membership number is ACS 81946.
- Her profile in the update describes her as an Associate Member of the Institute of Company Secretaries of India with professional experience in corporate governance, regulatory and statutory compliance, and capital market transactions, including work on SEBI listing compliance, stock exchange updates, ROC compliance, corporate actions involving non-convertible debentures, warrants and ISIN allotments, listing approvals, NCLT proceedings and merger-related documentation.
Board meeting details
- The meeting was held on Saturday, October 17, 2026, commencing at 05:00 p.m. and concluding at 05:55 P.M. IST.
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Board approves rights issue of equity shares up to Rs. 160 Crores; appoints Company Secretary
17 Oct 2026
More numbers
- Rights issue size approved by the BoardRs. 160 Crores
- Face value per equity shareRe. 1/-
- Rights issue amount in Annexure IRs. 160 Cr
- Company Secretary appointment effective dateOctober 18, 2026
- Board meeting commencement time05:00 p.m.
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