Proceedings of 32nd AGM of "Som Datt Finance Corporation Limited"
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Som Datt Finance Corporation Ltd held its 32nd AGM on September 25, 2025, via video conferencing, attended by 44 members. The meeting lasted from 12:05 PM to 1:15 PM. Key resolutions included adoption of audited financial statements for FY ended March 31, 2025, re-appointment of Mr. Subba Rao Veeravenkata Meka as a director (retiring by rotation), and appointment of M/s. Naveen Narang & Associates as Secretarial Auditor. Shareholders also considered proposals to increase authorised share capital from Rs. 25 crore to Rs. 50 crore, approve material related party transactions with five entities (Aditya Education Society, Prakara Learning Pvt Ltd, DOC Tutorials Edutech Pvt Ltd, Insignia Healthcare Pvt Ltd, and VQ Healthcare Pvt Ltd), and raise the managerial remuneration of CEO Mr. Bhavanam Ruthvik Reddy. Voting results and the scrutinizer's report are to be shared with the exchanges in due course.
The doubling of authorised share capital signals potential fundraising or expansion plans ahead, while multiple material related party transactions and a proposed increase in CEO remuneration are items shareholders should review closely as they can affect governance and minority shareholder interests.