Kellton Tech Solutions Ltd.

Kellton Tech Solutions’ wholly owned subsidiary -- Kellton Tech EU has received approval for the formation of a Joint Venture with Action Energy Company K.S.C.P. (AEC), Kuwait, subject to completion of applicable statutory and regulatory requirements. The Joint Venture will be incorporated with AEC holding 51% of the equity share capital and Kellton Tech EU holding the remaining 49%. The Joint Venture shall initially be established for a period of five years, with automatic renewal for successive periods of three years, unless otherwise agreed by the parties.

The Joint Venture proposes to undertake business across the Gulf Cooperation Council (GCC) region, with the initial office proposed to be established in Doha. The Joint Venture Agreement is expected to be executed upon completion of customary conditions precedent and applicable regulatory compliances of GCC Region. 

The Board of Directors of Kellton Tech EU, at its meeting held on July 06, 2026, has approved the same.

Kellton Tech Solutions is global company and offers services in digital transformation, ERP and other IT services.