Sammaan Capital Limited has announced a key senior management appointment, naming Mr. Arijit Nandy as Vice President – Head of Fraud Control Unit (FCU) and Senior Management Personnel. The appointment, effective March 16, 2026, was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee, in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Appointment Details

The company formally disclosed the appointment through regulatory filings to BSE Limited and National Stock Exchange of India Limited on March 14, 2026. The appointment strengthens the company's fraud control capabilities under its senior management structure.

Professional Background and Expertise

Mr. Arijit Nandy brings substantial experience to his new role, with over 25 years of specialized expertise in fraud prevention and risk management within the banking and financial services sector. His educational foundation includes an MBA from India International Institute of Management, University of Rajasthan, completed in 2000.

Career Experience

Mr. Nandy's professional journey spans several prominent financial institutions:

• AU Small Finance Bank: National Manager – Fraud & Payments Risk
• HSBC Bank: Lead – Customer Due Diligence
• IDBI Bank: Manager – Operations
• UTI Bank (now Axis Bank): Deputy Manager

Core Competencies and Specializations

Throughout his career, Mr. Nandy has developed comprehensive expertise across multiple areas of fraud prevention and risk management:

• Fraud risk management frameworks development and implementation
• Fraud prevention strategies and investigation methodologies
• Digital payment security systems and protocols
• Anti-fraud policy development and governance
• Early warning systems design and deployment
• Advanced fraud detection mechanisms and analytics

Professional Certifications and Development

Mr. Nandy has continuously enhanced his professional capabilities through various certifications and training programs:

Strategic Significance

The appointment of Mr. Nandy as Head of Fraud Control Unit reflects Sammaan Capital Limited's commitment to strengthening its risk management infrastructure and fraud prevention capabilities. His extensive experience across diverse financial institutions and comprehensive understanding of fraud detection mechanisms positions him to lead the company's fraud control initiatives effectively.

The company continues to enhance its senior management team with experienced professionals who bring specialized expertise to support its operational objectives and regulatory compliance requirements.

BlackRock Inc has filed a regulatory disclosure with the Bombay Stock Exchange regarding its increased shareholding in Sammaan Capital Ltd. The disclosure, made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details a 2% increase in the global asset manager's aggregate holdings from its previous disclosure.

Transaction Details

The acquisition involved BlackRock Inc, acting on behalf of discretionary management clients, purchasing 562,942 shares of Sammaan Capital Ltd through on-market transactions. The transaction was completed on 11-March-2026, with the regulatory filing submitted to BSE Limited on 13-March-2026.

Holdings Comparison

The acquisition resulted in a notable increase in BlackRock's total shareholding in Sammaan Capital Ltd. The following table illustrates the change in holdings before and after the transaction:

Company Capital Structure

Sammaan Capital Ltd maintains a consistent equity share capital structure throughout the transaction period. The company's total voting capital remained unchanged at 815,813,760 shares both before and after BlackRock's acquisition. This stable capital base provided the foundation for calculating the precise percentage changes in BlackRock's shareholding.

Regulatory Compliance

The disclosure demonstrates BlackRock's adherence to Indian securities regulations governing substantial shareholding changes. The filing specifically addresses requirements under SEBI's takeover regulations, confirming that BlackRock does not belong to the promoter or promoter group of Sammaan Capital Ltd. The company's shares are listed on both Bombay Stock Exchange Limited and National Stock Exchange of India Limited.

Key Acquisition Metrics

BlackRock's investment strategy focused exclusively on shares carrying voting rights, with no involvement in encumbered securities, warrants, or convertible instruments. The acquisition represents a straightforward equity investment through regular market channels, reflecting the asset manager's continued interest in Sammaan Capital's business prospects.

The disclosure was signed by Eric Andruczyk, Director at BlackRock Inc, from the company's Wilmington, Delaware office, ensuring proper authorization and compliance with regulatory requirements.