The corrigendum is being issued with reference to our letter dated August 29, 2025 regarding submission of the Annual Report for the FY 2024-25.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Som Datt Finance Corporation Ltd has issued a corrigendum to its 32nd Annual Report for FY 2024-25, correcting typographical errors in the Explanatory Statement for Related Party Transactions in the AGM Notice (pages 14 & 15). The corrections mainly revise details about VQ Healthcare Pvt Ltd, Prakara Learning Pvt Ltd, Doc Tutorials Edutech Pvt Ltd, and Insignia Healthcare Pvt Ltd, clarifying that two proposed loans (up to Rs 2 crore and Rs 5 crore) have been changed to 'Nil', and updating language around KIMS Ltd's O&M agreements. The company states these are non-material errors that have been promptly rectified, and the updated annual report is available on the company's website. The AGM is scheduled for September 25, 2025 via video conferencing, and includes business items such as reappointment of a director by rotation, appointment of a new Secretarial Auditor for five years, increase in authorized share capital from Rs 25 crore to Rs 50 crore, approval of multiple material Related Party Transactions (Aditya Education Society, Prakara Learning, DOC Tutorials Edutech, Insignia Healthcare, VQ Healthcare), and revision of managerial remuneration for CEO Mr. Bhavanam Ruthvik Reddy (salary of Rs 2.20 lakh/month plus perquisites and arrears from April 1, 2025).
This is a clerical correction rather than a material change, so shareholders should review the updated RPT disclosures before voting at the September 25 AGM. Shareholders will also be asked to approve a doubling of authorized share capital, several related-party loan approvals, and an increase in the promoter-CEO's remuneration, all of which could dilute voting influence or affect future capital raising capacity.