Sammaan Capital has received formal approval from its Committee of Independent Directors for the ongoing Citigroup open offer, while Yatharth Hospital has announced a postal ballot for security creation approval. These developments highlight significant corporate governance activities across multiple companies.

Committee of Independent Directors Recommendation

The Committee of Independent Directors of Sammaan Capital has unanimously approved and recommended the open offer terms as fair and reasonable. The committee, chaired by Mr. Subhash Sheoratan Mundra, conducted its evaluation on April 09, 2026, and published its recommendation in leading newspapers including Financial Express, Jansatta, and Navshakti.

Open Offer Structure and Compliance

The IDC confirmed that Citigroup's open offer complies with SEBI SAST Regulations and represents a fair valuation for public shareholders. The offer targets acquisition of up to 34,17,54,286 equity shares, representing 26.05% of the expanded voting share capital.

Regulatory Background and Acquisition Context

The open offer follows Avenir Investment RSC Ltd's substantial acquisition completed on March 31, 2026, which resulted in the company holding 43.40% of Sammaan Capital's total share capital. The preferential allotment included both equity shares and warrants, with securities currently held in escrow pending open offer completion.

Yatharth Hospital Postal Ballot Notice

Yatharth Hospital & Trauma Care Services Limited has issued a postal ballot notice seeking shareholder approval for security creation under Section 180(1)(a) of the Companies Act, 2013. The e-voting period is scheduled from April 13, 2026, to April 12, 2026, with results expected by May 14, 2026.

Regulatory Compliance and Shareholder Advisory

The IDC emphasized that while the offer price meets regulatory requirements, public shareholders should independently evaluate the open offer before making investment decisions. The committee's recommendation will remain available on Sammaan Capital's website for shareholder reference throughout the offer period.

Sammaan capital Limited has achieved a significant milestone with CRISIL, a company of S&P Global, upgrading its credit rating to AA+/Stable for its long-term debt programme. This development follows the strategic investment and acquisition of a controlling stake by International Holding Company (IHC) through its subsidiary Avenir Investment RSC Ltd.

Credit Rating Enhancement Details

The upgrade represents a notable achievement for the company, marking the first rating enhancement by a domestic rating agency since 2017. This significant improvement reflects the positive impact of IHC's strategic investment on the company's overall financial standing and capital structure.

Strategic Investment Impact

Following the consummation of the preferential issue, IHC has acquired a controlling stake in Sammaan Capital Limited, with Avenir Investment RSC Ltd becoming the company's promoter. This transaction was completed as part of a share subscription agreement dated October 2, 2025, with the open offer process now concluded.

CRISIL's Rating Rationale

In announcing the upgrade, CRISIL highlighted several key factors that contributed to the improved rating:

• Strategic importance to and strong support from the IHC Group
• Brand linkage with the established IHC Group network
• Sustained strong capitalisation maintaining robust financial foundations
• Robust buffers and strategic pivot towards growth initiatives

Regulatory Compliance

The company has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was formally communicated to both BSE Limited and National Stock Exchange of India Limited on April 10, 2026.

Future Outlook

The rating upgrade marks the commencement of an upward rating trajectory for Sammaan Capital Limited, now operating as part of the IHC Group. The strengthened capital position and enhanced financial profile position the company for continued growth and improved market standing in the financial services sector.