We are pleased to inform that the Company has received in-principle approval from BSE Ltd. (the only Stock Exchange where the shares of the company are listed) vide letter dated May 20, 2025.
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Som Datt Finance Corporation Ltd has received in-principle approval from BSE Ltd (the only stock exchange where its shares are listed) vide letter dated May 20, 2025, for the listing of fully paid-up equity shares proposed to be issued on a rights basis. The approval follows an earlier communication dated March 27, 2025, and is subject to the company completing post-issue requirements and complying with all statutory, legal, and listing formalities. BSE's approval is a key milestone but not a final clearance — the company must still fulfill additional procedural obligations before the rights issue shares can be listed and traded. Shareholders can expect a rights entitlement to subscribe to the new shares in proportion to their existing holdings.
This signals that the company is moving closer to launching a rights issue to raise fresh equity capital, which may lead to dilution of existing shareholdings. Existing shareholders will need to watch for the record date and decide whether to subscribe, renounce, or let their rights lapse, as the issue terms (price, ratio, discount) are not disclosed in this filing.