Outcome of Board Meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.7 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Som Datt Finance Corporation Limited's board approved audited FY25 (ended March 31, 2025) results showing a net loss of ₹542.24 lakhs, a sharp reversal from a profit of ₹1,209.13 lakhs in FY24. Total revenue from operations was negative ₹372.71 lakhs, driven by a ₹491.88 lakhs unrealised mark-to-market loss on equity investments, partly offset by a ₹158.09 lakhs realised gain on sale of certain equity holdings. Total expenses stood at ₹279.68 lakhs, and operating cash flow was negative at ₹172.35 lakhs. The board approved a Rights Issue of about ₹49 Crores (70,05,579 equity shares at ₹70 each) in a 7:10 ratio, with record date June 6, 2025. Other approvals included increasing authorised share capital from ₹25 Cr to ₹50 Cr, enhancing borrowing limits up to ₹500 Crores, omnibus related party transactions for FY26, appointment of internal and secretarial auditors, reappointment of an independent director, and a new senior management personnel. The statutory auditor issued an unqualified (clean) opinion on the financial results.
Shareholders face a significant swing to losses and likely equity dilution from the upcoming ~₹49 Cr Rights Issue (post-issue shares will rise to ~1.70 Cr from ~1.00 Cr currently). The capital raise and expanded borrowing capacity may support future business growth, but near-term sentiment could be weighed down by the FY25 loss driven by equity investment write-downs.