Mumbai, June 16 -- The company stated that the stock split has been executed in order to enhance the liquidity of its equity shares in the stock market and encourage wider participation of small and retail investors by making the shares more affordable.

The company expects to complete the stock split process within a period of approximately 3 months from the date of receipt of shareholders' approval and subject to necessary regulatory approvals.

"The record date for the purpose of the above sub-division of equity shares shall be decided after obtaining approval of the shareholders through EGM," Kellton Tech said in a statement.

At the same meeting, the board of the company has also approved a proposal to raise funds through issue and a...