Daijiworld Media Network – Mumbai
Mumbai, Sep 11: Shares of small-cap IT company Kellton Tech Solutions Ltd surged as much as 11.60 per cent during Friday's trading session after the company won the first prize at the Securities and Exchange Board of India's (SEBI) Securities Market TechSprint 2026.
The stock opened lower at Rs 13.36 on the BSE against its previous close of Rs 13.53. It subsequently recovered amid a surge in trading volume and touched an intraday high of Rs 15.10, gaining Rs 1.57, or 11.60 per cent, from the previous close. The stock was last trading at Rs 13.79, up 1.92 per cent.
The stock had declined for two consecutive sessions before Friday's recovery and was outperforming its sector by 1.79 per cent.
In an exchange filing, the company said it secured first place in the SEBI Securities Market TechSprint 2026. As many as 525 teams from across India registered for the competition, while more than 340 teams advanced to the next stage and submitted working prototypes. A total of 145 teams were selected for the demonstration round, followed by 25 teams advancing to the jury round. Kellton Tech emerged as the winner among the top three finalists.
The company's winning solution, 'NIYAMA', was developed by its AI Practice and Centre of Excellence. The solution addressed the competition's 'Agentic Compliance' problem statement, which focused on converting SEBI's regulatory text into machine-enforceable and auditable rules for market intermediaries.
NIYAMA functions as a compliance compiler, using multiple AI agents to interpret rules and clauses contained in SEBI circulars and convert them into machine-enforceable 'Rules-as-Code'. Each rule requires approval from a Compliance Officer before implementation.
The solution also enables continuous linking of evidence to relevant rules, detection of potential violations and a hash-chained audit trail, providing a secure and verifiable record of the compliance process.
According to BSE Analytics, Kellton Tech shares have delivered a positive return of 41.76 per cent over the past five years. However, the stock has declined 24.48 per cent over three years and 49.75 per cent over one year. On a year-to-date basis, the stock has fallen 25.22 per cent, compared with a 12.46 per cent decline in the benchmark index.