The Board at today''s Meeting have considered and approved the following documents in respect of the proposed Right issue for an issue size of INR 4903.91 lakhs:- 1. The Letter of Offer 2. ....
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The board of Som Datt Finance Corporation approved key documents — Letter of Offer, Abridged Letter of Offer, Application Form, and Rights Entitlement Letter — for a proposed Rights Issue of INR 4,903.91 lakhs. The company plans to issue 70,05,579 equity shares at INR 70 each (face value INR 10, premium INR 60) in a ratio of 7 rights shares for every 10 shares held. The record date is June 6, 2025, with the issue window running from June 20 to July 4, 2025. If fully subscribed, the share count will rise from 1,00,07,970 to 1,70,13,549, a dilution of roughly 70%. Shareholders holding fewer than 2 shares will have zero entitlement and cannot renounce in favour of others.
Eligible shareholders must act between June 20 and July 4, 2025 to subscribe or renounce their rights — failing to act means losing value. Expect the stock to trade ex-rights shortly after the June 6 record date, and note that full subscription would meaningfully increase the total share count.