Postal Ballot Voting Results
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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 (BSE Scrip Code: 511571) announced voting results of a postal ballot conducted via remote e-voting between April 9 and May 8, 2025. All three special resolutions were approved with overwhelming majority: (1) Alteration of Articles of Association, (2) Increasing borrowing limits under Section 180(1)(c) of the Companies Act, 2013 up to ₹50 crores, and (3) Increasing limits under Section 180(1)(a) for creation of charges, pledge, mortgages, and hypothecation on company assets up to ₹50 crores. Total voting participation was 69.48% of outstanding shares, with 99.997% (69,53,486 shares) voting in favor and only 182 shares against. Promoters voted 100% in favor with their 69,41,361 shares.
Shareholders have cleared the path for the company to raise borrowings up to ₹50 crores and create charges on its assets up to the same limit, signaling potential expansion in lending or financial activities. Promoter group (holding ~69.4% stake) fully backed the resolutions, indicating strong management commitment. Low public shareholder participation (~0.4% of public non-institutional shares voted) suggests limited retail engagement but doesn't affect the outcome given promoter dominance.