Throughout Wednesday’s buying and selling session, shares of an organization concerned in proprietary funding in shares and securities moved up by practically 4 % on BSE, after receiving in-principle approval from BSE for itemizing of totally paid-up fairness shares.
With a market capitalisation of Rs. 101 crores, at 11:48 a.m., the shares of Som Datt Finance Company Restricted have been buying and selling within the inexperienced at Rs. 100.9 on BSE, up by round 3 %, as in opposition to its earlier closing value of Rs. 98.18. The inventory has delivered unfavourable returns of practically 25 % within the final one 12 months, however has gained by greater than 3 % in a single month.
What’s the Information
In keeping with latest regulatory filings with the BSE, Som Datt Finance Company Restricted has acquired in-principle approval from BSE Restricted—the one inventory alternate the place its shares are listed—for the proposed itemizing of totally paid-up fairness shares to be issued on a rights foundation. This approval is topic to the corporate fulfilling all post-issue necessities and adhering to the relevant statutory, authorized, and itemizing formalities.
On twenty seventh March 2025, the corporate’s Board of Administrators accepted the Draft Letter of Supply for a rights problem of fairness shares, with an mixture problem dimension under Rs. 50 crores. The provide will probably be prolonged to eligible fairness shareholders of the corporate.
Monetary Efficiency
Som Datt Finance reported a decline in income from operations, experiencing a fall of practically 99 % YoY, lowering from Rs. 4.5 crores in Q3 FY24 to Rs. 0.05 crores in Q3 FY25. Equally, over the identical interval, the corporate turned from a internet revenue of Rs. 3.6 crores to a internet lack of Rs. 4.3 crores.
Concerning the Firm
Som Datt Finance Company Restricted is a registered Non-Banking Monetary Firm (NBFC) with the Reserve Financial institution of India (RBI), labeled as a Non-Systemically Essential Non-Deposit taking Firm.
The corporate is primarily engaged within the enterprise of proprietary investments in shares and securities. Its income primarily relies on the dividends declared and modifications within the inventory market costs of the investee corporations.
Written by Shivani Singh
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