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Som Datt Finance Corporation LtdUpdates, 09-05-2025: Company Update

09-05-2025 | 06:26 pm

Som Datt Finance Corporation Ltd. has announced the approval by shareholders through postal ballot to amend its Articles of Association, including the insertion of a new provision allowing the company to issue additional shares or financial instruments via various methods such as rights issues, preferential allotments, private placements, ESOPs, and others, subject to necessary approvals. The company has also secured shareholder approval to increase its borrowing limit and the ceiling for creating charges on its assets to INR 50 Cr each, enhancing financial flexibility for future capital needs and secured financing. This positions the company to raise funds and expand resources more efficiently.

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