Som Datt Finance Corporation Ltd — Board Meeting, 09-06-2025: Board Meeting

Som Datt Finance Corporation Ltd. has announced a board meeting outcome approving key documents for a proposed rights issue raising ₹49.04 Cr by issuing 70.06 lakh equity shares at ₹70 each (₹60 premium). The issue offers 7 shares for every 10 held, increasing shares from 1.00 crore to 1.70 crore post-raise, assuming full subscription. Fractional entitlements will be ignored but shareholders with fractions may get preference for an additional share if they apply. Shareholders holding fewer than 2 shares have no entitlement but can apply for additional shares, though these cannot be renounced. This capital raise aims to strengthen the company’s equity base.