Voting Results and Scrutinizer Reports for the Postal Ballot dated June 25, 2025.
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Som Datt Finance Corporation Ltd has declared the voting results of a postal ballot conducted via remote e-voting between July 1 and July 30, 2025. All six resolutions were passed with overwhelming majority (over 99% votes in favour). The resolutions include: (1) re-appointment of Ms. Jayanthi Talluri as Non-Executive Independent Director, (2) and (3) increasing the company's borrowing and charge-creation limits up to INR 500 crore each under Sections 180(1)(c) and 180(1)(a) of the Companies Act, and (4), (5), (6) approval of material related party transactions with BSCPL Infrastructure Ltd, Prakara Learning Pvt Ltd, and DOC Tutorial Edutech Pvt Ltd. Promoters holding about 69.36 lakh shares abstained from voting on the three RPT resolutions due to conflict of interest, and those shares were recorded as invalid. Total voting turnout was around 70.92% for non-RPT resolutions.
Shareholders have cleared a substantial increase in the company's borrowing power (up to Rs 500 crore) and approved three material related party transactions, signalling potential expansion or leveraging activity ahead. Minority public shareholders backed all resolutions comfortably, while promoter-group abstention on RPTs is standard governance practice and not a red flag here.