We hereby inform you that, in accordance with (i) the Letter of Offer dated June 9, 2025, and (ii) the Basis of Allotment finalised in consultation with the Registrar to the Issue and BSE ....
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The Board of Som Datt Finance Corporation Ltd has approved the allotment of 70,05,579 fully paid-up equity shares under its Rights Issue at ₹70 per share (including a ₹60 premium over the ₹10 face value). The total issue size is approximately ₹49.04 crore. Following this allotment, the company's paid-up equity capital has risen from ₹10.01 crore to ₹17.01 crore, with total shares increasing from 1,00,07,970 to 1,70,13,549. The rights issue was conducted as per the Letter of Offer dated June 9, 2025, with BSE as the designated stock exchange. The Board meeting for this decision was held on July 15, 2025.
The share count has expanded by about 70%, which will dilute existing shareholders' stake unless they subscribed to their rights entitlement. The company has successfully raised fresh capital of ~₹49 crore to strengthen its balance sheet.