Sammaan Capital has scheduled a meeting of its Securities Issuance and Investment Committee on or after July 20, 2026, to consider a proposal for the buyback of its USD denominated bonds. The decision aims to manage the company's debt profile and is contingent upon securing necessary regulatory approvals and favorable market conditions.

The proposal will be evaluated subject to applicable laws, regulatory approvals, and the terms of the respective issue documents. The committee's decision will depend on the prevailing market conditions at the time of the meeting.

The intimation was made pursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to BSE Limited, National Stock Exchange of India Limited, India International Exchange IFSC Limited, and NSE IFSC Limited.

The National Company Law Tribunal (NCLT) has permitted remote e-voting for the Equity Shareholders of the Resulting Company in the proposed scheme of arrangement between Sammaan Capital Limited and Sammaan Finserve Limited. The clarification order, dated July 10, 2026 and uploaded on July 13, 2026, modifies the previous order dated June 12, 2026 to facilitate electronic participation and align meeting protocols with regulatory standards.

The Tribunal allowed the clarification application filed under Section 420(2) of the Companies Act, 2013. The key modification involves Paragraph 37(a) of the June 12, 2026 order, which now explicitly allows voting on the scheme through electronic means, including remote e-voting, for the Equity Shareholders of the Resulting Company.

Changes to Meeting Protocols

The NCLT order revised several paragraphs to align with regulatory requirements. Paragraph 37(h) was updated to ensure meetings are conducted in accordance with the Companies Act, 2013, the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, and applicable MCA Circulars governing video conferencing. It specifies that if a quorum is not present, the meeting shall be adjourned by half an hour, after which members present shall constitute the quorum.

Paragraph 37(i) was modified to detail the methods for sending notices. Notices must be sent via email (where registered), registered post, speed post, or courier at least 30 days prior to the meeting. If the email or address of a shareholder is unavailable, the notice can be accessed from the websites of Sammaan Capital Limited, BSE Limited, and National Stock Exchange of India Limited.

Advertisement Requirements

The order also updated Paragraph 37(j), shifting the responsibility of publishing advertisements to the Resulting Company. The advertisement must be published in the 'Financial Express' (English Edition, Delhi) and 'Jansatta' (Hindi Edition, Delhi) at least 30 clear days before the meeting. It must state that copies of the Scheme of Arrangement and the explanatory statement will be available free of charge at the registered offices of the Applicant Companies.

The certified copy of the Clarification Order is currently awaited. The scheme involves the arrangement between Sammaan Capital Limited (Resulting Company) and Sammaan Finserve Limited (Demerged Company) and their respective shareholders and creditors.