Sammaan Capital Limited has successfully completed interest payments on its secured redeemable non-convertible debentures, making the payments ahead of schedule. The company paid a total interest amount of ₹4.83 lacs on March 30, 2026, four days before the due date of April 3, 2026.

Interest Payment Details

The company name made interest payments across two different series of debentures, both maintaining monthly payment frequency. The payments covered debentures with a combined outstanding issue size of ₹616.24 lacs.

Regulatory Compliance

The company filed the mandatory intimation under Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to both NSE and BSE, confirming the timely completion of interest obligations on the publicly issued and listed debentures.

Key compliance details include:

• Interest payment record date: March 19, 2026
• Due date for payment: April 3, 2026
• Actual payment date: March 30, 2026
• Previous interest payment: March 3, 2026

Payment Performance

Both series of debentures maintained their monthly interest payment schedule without any changes in frequency. The company reported no delays or non-payments, with the entire interest amount being paid as scheduled. This demonstrates the company's commitment to meeting its debt service obligations in a timely manner.

The debentures were issued through a public issue and are currently listed on stock exchanges. The company, formerly known as Indiabulls Housing Finance Limited, continues to maintain its regular payment schedule across all outstanding debt instruments.

Sammaan Capital Limited has completed a transformative milestone with International Holding Company PJSC (IHC), one of the world's largest investment companies, acquiring a 41.5% stake through its affiliate Avenir Investment RSC Ltd. The Securities Issuance and Investment Committee approved the allotment of equity shares and warrants totaling ₹5,652.75 crore on March 31, 2026, marking IHC's entry as the company's new promoter.

Strategic Partnership with IHC Group

IHC, with a market capitalization of USD 232 billion (₹22.0 lakh crore), becomes the promoter of Sammaan Capital through this preferential allotment. The transaction positions Sammaan Capital as an IHC Group company under its newly established global financial services platform, Judan Financial. Upon completion of the mandatory open offer at ₹139 per share, IHC's stake could increase to 63.3%.

Share Allotment Structure

The allotment comprises equity shares and two tranches of warrants, all priced at ₹139 per share. Avenir Investment has paid the full amount for equity shares and 25% advance for warrants, with the balance ₹3,198 crore to be received within 18 months upon warrant conversion.

Ambitious Growth Strategy

With IHC's backing, Sammaan Capital aims to become one of the top 3 NBFCs in India by FY 2029, transitioning from a pure-play mortgage financier to a diversified NBFC targeting mid to low-income borrowers. The company plans significant expansion across multiple parameters to achieve best-in-class Return on Assets and Return on Equity.

Enhanced Capital Structure and Market Position

Following the allotment, Sammaan Capital's paid-up equity share capital increased to ₹231.94 crore. As one of India's 15 Upper Layer NBFCs, the company will leverage IHC's AA sovereign credit rating of the United Arab Emirates to strengthen its domestic and international credit ratings. The partnership brings substantial capital, global funding networks, and institutional relationships to support growth ambitions.

Syed Basar Shueb, CEO of IHC, stated: "This milestone marks an important step in our long-term strategy to expand in India's financial services sector. We see significant opportunities to enhance capabilities, including through the adoption of AI, and to contribute meaningfully to India's financial ecosystem."

Mr. Gagan Banga, Managing Director & CEO of Sammaan Capital, commented: "This partnership brings long-term, growth capital and deep global capabilities. Having an institution of IHC's standing as our parent company provides a strong foundation that extends well beyond financial backing, bringing world-class governance practices and risk management frameworks."