Sammaan Capital Limited has successfully completed comprehensive payment of ₹862.40 lacs covering both principal and interest across 21 series of secured redeemable non-convertible debentures (NCDs). The company made these payments on March 25, 2026, one day ahead of the scheduled due date of March 26, 2026, demonstrating its continued commitment to timely debt servicing and regulatory compliance.

Payment Structure Overview

The total payment comprised interest payments on 21 NCD series and full redemption of 5 matured series. The company maintained its monthly payment frequency for ongoing series while completing maturity obligations for others. All payments were made in compliance with Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Interest Payment Details

The company paid monthly and annual interest across multiple NCD series with varying payment frequencies:

Annual and Cumulative Interest Payments

Significant annual interest payments were completed across multiple high-value series:

Principal Redemption Completion

The company completed full redemption of five NCD series upon maturity:

Regulatory Compliance and Corporate Structure

All payments were made pursuant to SEBI Master Circular Ref. No. SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/0000000103 dated July 11, 2025. The company maintained the record date of March 11, 2026, for all NCD series. Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, continues to demonstrate strong debt servicing capabilities. Company Secretary Amit Jain digitally signed the regulatory filing on March 26, 2026, confirming the completion of all required payments without any delays or defaults across all 21 NCD series.

Sammaan Capital Limited has secured a crucial regulatory milestone with the Reserve Bank of India (RBI) approving the proposed acquisition by Avenir Investment RSC Ltd. The approval, granted on March 24, 2026, marks a significant step forward in the major transaction that will see substantial foreign investment in the Indian financial services company worth ₹8,850 crore.

Transaction Details and Investment Structure

The proposed transaction involves Avenir Investment RSC Ltd, which is owned and controlled by International Holding Company PJSC, acquiring a controlling stake in Sammaan Capital Limited (formerly known as Indiabulls Housing Finance Limited). The deal structure includes a substantial financial commitment from the investor.

Shareholding Structure Post-Transaction

The transaction will result in significant changes to the company's ownership structure, with Avenir Investment set to become the controlling shareholder through a phased approach.

Upon completion of the preferential issue, the acquirer will hold approximately 41.23% of the paid-up equity share capital. Following the completion of both the preferential issue and the open offer, assuming full uptake in the open offer, Avenir's stake will increase to approximately 63.36% of the company's equity.

Regulatory Approvals and Timeline

The RBI has provided comprehensive approval for the transaction, including the indirect change of control of Sammaan Finserve Limited (formerly known as Indiabulls Commercial Credit Limited), which is a wholly owned subsidiary of Sammaan Capital. Additionally, the central bank has granted a waiver of the public notice period, facilitating a smoother transaction process.

The Securities and Exchange Board of India (SEBI) approval remains the only pending regulatory clearance required for the transaction's completion. Both Sammaan Capital and Avenir Investment are actively engaging with SEBI to ensure expeditious receipt of the necessary approvals for timely completion of the proposed transaction.

Transaction Framework

The proposed transaction will be executed according to the terms outlined in the share subscription agreement dated October 2, 2025, entered into between Sammaan Capital and Avenir Investment. The completion is subject to the fulfillment of other contractual conditions as specified in the agreement.

This development follows previous intimations dated October 2, 2025, October 29, 2025, November 7, 2025, and December 10, 2025, regarding the proposed acquisition, demonstrating the systematic progress of this significant corporate transaction in the Indian financial services sector.