During Wednesday’s trading session, shares of a company involved in proprietary investment in stocks and securities moved up by nearly 4 percent on BSE, after receiving in-principle approval from BSE for listing of fully paid-up equity shares.
With a market capitalisation of Rs. 101 crores, at 11:48 a.m., the shares of Som Datt Finance Corporation Limited were trading in the green at Rs. 100.9 on BSE, up by around 3 percent, as against its previous closing price of Rs. 98.18. The stock has delivered negative returns of nearly 25 percent in the last one year, but has gained by more than 3 percent in one month.
What’s the News
According to recent regulatory filings with the BSE, Som Datt Finance Corporation Limited has received in-principle approval from BSE Limited—the only stock exchange where its shares are listed—for the proposed listing of fully paid-up equity shares to be issued on a rights basis. This approval is subject to the company fulfilling all post-issue requirements and adhering to the applicable statutory, legal, and listing formalities.
On 27th March 2025, the company’s Board of Directors approved the Draft Letter of Offer for a rights issue of equity shares, with an aggregate issue size below Rs. 50 crores. The offer will be extended to eligible equity shareholders of the company.
Financial Performance
Som Datt Finance reported a decline in revenue from operations, experiencing a fall of nearly 99 percent YoY, decreasing from Rs. 4.5 crores in Q3 FY24 to Rs. 0.05 crores in Q3 FY25. Similarly, over the same period, the company turned from a net profit of Rs. 3.6 crores to a net loss of Rs. 4.3 crores.
About the Company
Som Datt Finance Corporation Limited is a registered Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI), classified as a Non-Systemically Important Non-Deposit taking Company.
The company is primarily engaged in the business of proprietary investments in stocks and securities. Its revenue mainly depends on the dividends declared and changes in the stock market prices of the investee companies.
Written by Shivani Singh
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