Som Datt Finance Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2025 ,inter alia, to consider and approve The Board of Directors ....
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The company has called a Board meeting on May 28, 2025. The agenda includes approval of audited financial results for the quarter and financial year ended March 31, 2025, an increase in authorized share capital, and finalising terms for a proposed rights issue of equity shares (face value Rs 10 each) for an amount below Rs 50 crores. The rights issue was first approved in principle by the Board on November 5, 2024, and the upcoming meeting will determine the issue price, entitlement ratio, record date, and timing. The trading window for designated persons has been closed since April 1, 2025 and will reopen 48 hours after results are made public.
Existing shareholders should watch for the Q4/FY25 audited numbers and the rights issue terms, as the fund-raising plan could result in equity dilution while potentially strengthening the company's capital base.