Outcome of the Postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Som Datt Finance Corporation Ltd declared the results of a postal ballot on May 9, 2025, with remote e-voting conducted from April 9 to May 8, 2025. Shareholders approved all three special resolutions: (1) alteration of the Articles of Association by inserting a new Article 35A to give the company broader powers to issue further share capital through instruments such as rights issues, FPOs, preferential issues, private placements, QIPs, sweat equity, ESOPs, GDRs, and differential rights shares; (2) increasing the borrowing limit under Section 180(1)(c) of the Companies Act, 2013 up to INR 50 crore; and (3) increasing the limit under Section 180(1)(a) for securitisation, direct assignment, and creation of charges, pledges, or mortgages on the company's movable and immovable properties up to INR 50 crore.
These approvals give the company significantly wider financial flexibility - both to borrow more and to issue a variety of capital instruments - which may signal upcoming fundraising, debt expansion, or restructuring activity. For shareholders, this is a governance update rather than an immediate earnings event, but it expands management's toolkit for future capital actions.