Outcome of Postal Ballot Notice dated June 25, 2025.
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Som Datt Finance Corporation Ltd (BSE Scrip Code: 511571) announced the results of its Postal Ballot concluded on July 30, 2025. Shareholders passed all six resolutions, including re-appointment of Ms. Jayanthi Talluri as Non-Executive Independent Director for a 2-year term effective September 11, 2025. They also approved increasing the company's borrowing limit under Section 180(1)(c) to up to INR 500 Crores, and raising the limit under Section 180(1)(a) for creating charges, mortgages, and pledges on company assets to INR 500 Crores. Additionally, shareholders approved material related party transactions with three entities: BSCPL Infrastructure Limited, Prakara Learning Private Limited, and Doc Tutorial Edutech Private Limited. The Company Secretary, Neha Agarwal, signed off the disclosure on July 31, 2025.
The steep increase in the borrowing ceiling to ₹500 Crores signals that the company is preparing for significant expansion or debt-led growth. Approvals for material related party transactions may raise governance questions for minority shareholders, though they were passed via shareholder vote.