Sammaan Capital Limited has successfully completed interest payments on its secured redeemable non-convertible debentures, demonstrating continued compliance with regulatory obligations. The company made the announcement through a formal intimation to stock exchanges on April 09, 2026, pursuant to Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Interest Payment Details

The company paid interest amounts totaling INR 27.41 lacs across seven different series of debentures. All payments were completed on April 08, 2026, one day ahead of the scheduled due date of April 09, 2026. The interest record date was set as March 25, 2026, and the previous interest payment was made on March 09, 2026.

Regulatory Compliance

The company confirmed full compliance with SEBI regulations regarding timely interest payments. All seven series of debentures maintain a monthly interest payment frequency, with no changes reported in the payment schedule. The filing indicated no instances of non-payment or delays, reflecting the company's commitment to meeting its debt obligations.

Debenture Portfolio Overview

The total outstanding debenture portfolio across the seven series amounts to INR 3,246.45 lacs in issue size. The largest series by issue size is INE148I07RB1 with INR 1,132.664 lacs, while the smallest is INE148I07QM0 with INR 15.00030 lacs. The interest payments reflect the proportional obligations across these different series.

Corporate Structure

Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, continues to operate its debenture programs through public issues listed on stock exchanges. The company secretary Amit Jain signed the regulatory filing, confirming the accuracy of the reported payment details and compliance certifications.

Sammaan Capital Limited has announced the commencement of a tender offer to purchase up to US$45,000,000 of its outstanding US$450,000,000 7.5% Senior Secured Social Bonds due 2030. The Securities Issuance and Investment Committee approved this strategic initiative on April 7, 2026, designed to provide liquidity to bondholders while utilizing the company's available cash resources.

Tender Offer Structure and Terms

The tender offer presents a straightforward structure with consistent pricing across different tender periods. The company will pay US$1,000 per US$1,000 principal amount of bonds, regardless of when bondholders choose to tender during the offer period.

Key Timeline and Deadlines

The tender offer follows a structured timeline with specific deadlines for different phases of the process. Bondholders have multiple opportunities to participate, with the company offering the same consideration regardless of timing.

Committee Approval and Documentation

The Securities Issuance and Investment Committee meeting, held on April 7, 2026, from 8:15 P.M. to 9:00 P.M., approved several key components of the tender offer. The committee authorized the tender offer memorandum, dealer manager agreement, and engagement letter with the information and tender agent.

The dealer manager agreement establishes the framework for identifying and contacting bondholders to solicit tender offers. The company has confirmed that the dealer manager entities have no shareholding relationship with Sammaan Capital Limited, ensuring the transaction maintains arm's length characteristics.

Transaction Mechanics and Conditions

The tender offer includes provisions for pro-rata acceptance if the total amount tendered exceeds the US$45,000,000 maximum purchase amount. Bondholders must tender bonds in minimum denominations of US$200,000 principal amount or higher integral multiples of US$1,000.

The company reserves the right to extend, terminate, or withdraw the tender offer at its sole discretion, subject to applicable law. Additionally, accrued and unpaid interest will be paid in cash for any bonds purchased through the tender offer, calculated from the last interest payment date up to but excluding the applicable payment date.

Strategic Rationale

The tender offer represents Sammaan Capital Limited's strategy to utilize cash on its balance sheet to provide liquidity to bondholders by purchasing a portion of the outstanding bonds at par value. This approach allows the company to manage its debt profile while offering bondholders an opportunity to exit their positions at favorable terms.