Sammaan Capital shareholders approved the Scheme of Arrangement to demerge its non-banking financial company (NBFC) business into a single entity. The resolution received 99.97% support in votes cast during the extraordinary general meeting held on September 10, 2026.

The meeting was convened pursuant to an order from the National Company Law Tribunal (NCLT), New Delhi Bench, dated June 12, 2026, read with a rectification order dated July 10, 2026. Shareholders were asked to approve the Scheme of Arrangement between Sammaan Finserve Limited and Sammaan Capital Limited under Sections 230-232 of the Companies Act, 2013.

Meeting Proceedings

The meeting commenced at 11:30 am. KFin Technologies Limited, the e-platform service provider, confirmed that the quorum was not present. Consequently, the Chairperson adjourned the meeting for 30 minutes. After the expiry of this period, the shareholders present were deemed to constitute the requisite quorum in terms of the NCLT order.

Adv. Manisha Chava, appointed by the NCLT as Chairperson, led the resumed proceedings at 12:02 pm. She was co-chaired by Adv. Sunil Sharma, the Alternate Chairperson. Key executives present included Himanshu Mody, Deputy CEO; Mukesh Kumar Garg, Chief Financial Officer; and Amit Jain, Company Secretary.

Voting Results

The Scrutinizer’s Report, filed by Adv. Ansh Kakar, detailed the voting outcomes. Remote e-voting was available from September 6 to September 9, 2026. The resolution required a special majority under Section 230(6) of the Companies Act, 2013.

Promoter and Promoter Group shareholders held 33,00,40,111 fully paid-up equity shares and voted unanimously in favor. Public-Institution shareholders polled 16,66,53,861 votes in favor with no dissent. Among Public-Non Institutions, 63,05,640 votes supported the scheme against 1,33,977 dissenting votes.

Demerger Details

The Scheme aims to consolidate the entire NBFC business activities of Sammaan Finserve Limited and Sammaan Capital Limited into a single entity. This consolidation is intended to create a wider and stronger capital and asset base, enabling more efficient and competitive operations. The demerger will take effect from the Appointed Date in accordance with Section 2(19AA) of the Income Tax Act, 1961.

Outcome Timeline

The Scrutinizer’s Report has been declared. The results have been placed on the company’s website, KFin Technologies’ website, and forwarded to the BSE and NSE. A report to the NCLT will be submitted within three days of the meeting date.

Sammaan Capital has made a timely interest payment of ₹502.30 lacs on its Secured Redeemable Non-Convertible Debentures (NCDs). The payment was processed on September 8, 2026, one day before the official due date.

The company disclosed this development in a filing with the National Stock Exchange and BSE, citing compliance with Regulation 57 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The interest pertains to NCDs issued via private placement.

Payment Details

The interest payment relates to the NCD series with ISIN INE148I07YH4. The issue size for this tranche stands at ₹10,000 lacs. Interest is payable on a quarterly basis, with no changes to the frequency reported.

The record date for this interest payment was set as August 25, 2026. The previous interest payment was made on June 9, 2026. There were no delays or non-payments associated with this cycle.

Regulatory Compliance

The disclosure was signed by Amit Kumar Jain, Company Secretary of Sammaan Capital Limited. The filing confirms that the entire interest amount due has been paid in full. No redemption payments were made during this period.