Sammaan Capital Limited Grants 23,50,058 Employee Stock Options Under Two ESOP Schemes

1 min read     Updated on 31 Mar 2026, 04:04 AM
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AI Summary

Sammaan Capital Limited granted 23,50,058 employee stock options on March 30, 2026, distributed across two ESOP schemes - 10,43,798 under the 2013 scheme and 13,06,260 under the 2024 scheme. The exercise price is set at ₹151 per share, above the March 27, 2026 market price of ₹148.35. Options will vest 50% each over two years starting March 31, 2027, with a five-year exercise window from respective vesting dates.

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Sammaan capital Limited has announced the grant of 23,50,058 employee stock options to eligible employees under two separate ESOP schemes. The Nomination and Remuneration Committee approved this grant during its meeting held on March 30, 2026, as part of the company's employee benefit initiatives.

ESOP Grant Details

The stock options have been distributed across two schemes with specific allocations:

Scheme Options Granted Face Value
Indiabulls Housing Finance Limited Employee Stock Benefit Scheme – 2013 10,43,798 ₹2 per share
Sammaan Capital Limited - Employee Stock Benefit Scheme 2024 13,06,260 ₹2 per share
Total Options Granted 23,50,058 ₹2 per share

All granted options represent an equal number of equity shares and were sourced from previously lapsed stock options under both schemes.

Pricing Structure

The exercise price has been set at ₹151 per share for both schemes, which represents a premium over the market price:

Parameter Details
Exercise Price ₹151 per share
Market Price (March 27, 2026) ₹148.35 per share
Premium Above market price
Impact on P&L No impact due to premium pricing

The exercise price exceeds the closing market price of fully paid-up equity shares on the National Stock Exchange of India Limited on March 27, 2026, the working day immediately preceding the grant date.

Vesting and Exercise Terms

The ESOP scheme follows a structured vesting and exercise framework:

  • Vesting Schedule: 50% of options vest in each of two tranches
  • First Vesting Date: March 31, 2027
  • Exercise Window: Five years from respective vesting dates
  • Compliance: Schemes align with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

Regulatory Compliance

The grant has been made in accordance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements under the SEBI Master Circular dated January 30, 2026, ensuring full transparency in the ESOP allocation process.

The announcement was signed by Amit Jain, Company Secretary, and the information will be made available on the company's website for stakeholder reference.

Historical Stock Returns for Sammaan Capital

1 Day5 Days1 Month6 Months1 Year5 Years
+0.17%+0.02%-2.00%-13.37%+31.25%-19.47%

How might the substantial ESOP grant of 23.5 lakh options impact Sammaan Capital's employee retention and recruitment strategy in the competitive financial services sector?

What could be the potential dilution effect on existing shareholders when these stock options are exercised over the next five years?

Will Sammaan Capital need to adjust its capital structure or seek additional funding to accommodate the potential equity expansion from ESOP exercises?

Sammaan Capital: Allots ₹750 Crore Secured Non-Convertible Debentures In Private Placement At 9.75% Annual Coupon, Maturing On April 3, 2027

2 min read     Updated on 30 Mar 2026, 11:59 AM
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Radhika SScanX News Team
AI Summary

Sammaan Capital Limited successfully completed a ₹750 crore debt fundraising through private placement of 75,000 secured non-convertible debentures on March 30, 2026. The NCDs offer 9.75% annual coupon rate with April 2027 maturity and are secured by comprehensive asset coverage of 1.0 times principal and interest.

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Sammaan Capital Limited has completed a significant debt fundraising exercise through the allotment of non-convertible debentures worth ₹750 crore. The company, formerly known as Indiabulls Housing Finance Limited, executed this private placement on March 30, 2026, following board authorization from September 3, 2025, and approval from the Securities Issuance and Investment Committee on March 24, 2026.

Debenture Issue Details

The company allotted 75,000 secured, rated, listed, taxable, redeemable, fully paid-up non-convertible debentures with specific terms designed to attract institutional investors.

Parameter: Details
Issue Size: ₹750 crore
Number of NCDs: 75,000
Face Value per NCD: ₹1,00,000
Security Name: 9.75% Sammaan Capital Ltd April 2027 Reissuance
Allotment Date: March 30, 2026
Maturity Date: April 03, 2027
Tenor: 1.01 years (369 days)

Interest and Payment Structure

The debentures offer attractive returns with a fixed coupon structure and clear payment schedule for investors.

Financial Terms: Specifications
Coupon Rate: 9.75% per annum (Fixed Rate)
Payment Frequency: Annually
Coupon Payment Date: April 03, 2027
Interest Calculation: From deemed date of allotment
Default Penalty: Additional 2% per annum over coupon rate

Security and Asset Coverage

The NCDs are secured through a comprehensive charge structure on the company's assets. The debentures are backed by a charge through hypothecation in favor of the Debenture Trustee on both financial and non-financial assets of the company, including present and future investments and loan assets. The security arrangement maintains a minimum asset coverage of 1.0 times the principal amount and interest, providing protection to debenture holders.

The company has obtained necessary consents from relevant debenture trustees and security trustees for creating pari passu charge in favor of the Debenture Trustee. However, certain High Quality Liquid Assets remain excluded from the hypothecated properties in accordance with RBI Liquidity Risk Management Framework requirements.

Cash Flow Structure

The illustrative cash flows demonstrate the return profile for investors holding the debentures until maturity.

Payment Type: Due Date Amount per NCD (₹)
Principal + Accrued Interest: March 30, 2026 1,00,615.24
Coupon + Principal: April 03, 2027 1,09,723.29

Listing and Regulatory Compliance

The NCDs are proposed to be listed on both National Stock Exchange of India Limited and BSE Limited, providing liquidity options for investors in the secondary market. The issuance has been conducted under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance. The debentures carry both permanent ISIN (INE148I07SY1) and temporary ISIN (IN8148I07059) for trading and settlement purposes.

Historical Stock Returns for Sammaan Capital

1 Day5 Days1 Month6 Months1 Year5 Years
+0.17%+0.02%-2.00%-13.37%+31.25%-19.47%

How will Sammaan Capital utilize the ₹750 crore proceeds to expand its lending portfolio and market presence?

What impact might the relatively high 9.75% coupon rate have on the company's future borrowing costs and profitability margins?

Will this successful debt fundraising enable Sammaan Capital to compete more aggressively with established housing finance companies in 2026-27?

More News on Sammaan Capital

1 Year Returns:+31.25%