Disclosure u/r 30 of SEBI LODR, pertaining to the Sanction and execution of Loan Agreement.
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Som Datt Finance Corporation Ltd has executed a new Loan Against Securities agreement with Bajaj Finance Ltd on April 17, 2025. The total sanctioned loan amount is ₹10,00,00,000 (₹10 crores), with no outstanding amount as of the date of execution, indicating this is a fresh facility. The loan is secured by way of a 2x security cover, meaning the market value of pledged securities must be at least twice the outstanding loan balance at any point in time. Most other disclosure fields (purpose, related party status, shareholding, etc.) were left blank as 'NA' by the company.
Shareholders should note that the company has secured fresh funding of ₹10 crores against securities, which could support business growth or investment activities. The 2x margin requirement means the company must maintain adequate securities value, introducing some collateral risk if market values fall sharply.