Kellton Tech clarifies promoter intent for preferential warrants

Kellton Tech Solutions Limited has clarified its promoter's participation in a preferential issue of warrants. The disclosure follows stock exchange observations and explicitly records the promoters' intent to subscribe.

The promoter entity, Matnic Finvest LLP, has made a firm commitment to subscribe to 4,500,000 warrants. These warrants are part of the preferential issue approved by shareholders, with the subscription adhering to outlined terms and conditions.

The company confirms the proposed subscription will comply with applicable laws, including those pertaining to pricing, lock-in, and disclosure requirements.