Sammaan Capital Limited (formerly known as Indiabulls Housing Finance Limited) has received a no objection certificate from the Reserve Bank of India (RBI) for the proposed transfer of the NBFC business of Sammaan Finserve Limited to itself, pursuant to a scheme of arrangement. The RBI communicated its no objection via a letter dated May 7, 2026, subject to certain conditions as specified therein. This development was disclosed by the company through an intimation filed under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background of the Scheme

The scheme of arrangement involves Sammaan Finserve Limited as the Demerged Company and Sammaan Capital Limited as the Resulting Company, along with their respective shareholders and creditors. The scheme is structured under Sections 230 to 232, read with Section 52, Section 66, and other applicable provisions of the Companies Act, 2013, along with the rules framed thereunder. The Board of Directors of Sammaan Capital Limited had approved the proposed scheme on December 31, 2025.

Key Regulatory Milestones

Prior to the RBI approval, the company had secured observations from both major stock exchanges. The following table summarises the key regulatory milestones achieved in the process:

Pending Approvals

While the RBI no objection certificate represents a significant regulatory milestone, the scheme is yet to receive several other statutory and regulatory approvals before it can be fully implemented. The pending approvals include:

• Approval from the National Company Law Tribunal (NCLT)
• Approval from the respective shareholders of the companies involved in the scheme
• Approval from the respective creditors of the companies involved in the scheme
• Any other requisite regulatory or statutory approvals as may be required

The company has requested the stock exchanges to take the intimation on record and treat it as compliance with the applicable provisions of the SEBI LODR Regulations. The intimation was signed by Amit Kumar Jain, Company Secretary of Sammaan Capital Limited, on May 7, 2026.

Sammaan Capital Limited (formerly known as Indiabulls Housing Finance Limited) has completed the timely payment of principal and interest on its Secured Redeemable Non-Convertible Debentures (NCDs), issued on a private placement basis and listed on stock exchanges. The company made this disclosure pursuant to Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with the SEBI Master Circular dated July 11, 2025. The actual payment date of May 07, 2026 preceded the due date of May 08, 2026, reflecting the company's adherence to its debt repayment schedule.

Interest Payment Details

The company paid the full interest amount on the NCDs under ISIN INE148I07EO2 on May 07, 2026. The interest was payable on a yearly frequency, with no change in the payment frequency reported. The following table summarises the key details of the interest payment:

Redemption Details

Alongside the interest payment, Sammaan Capital also completed the full redemption of the NCDs under the same ISIN on May 07, 2026, ahead of the scheduled maturity date of May 08, 2026. The redemption was triggered by maturity, and the outstanding amount post-redemption stands at zero. The table below provides a detailed breakdown of the redemption:

Regulatory Compliance

The intimation was submitted to both the National Stock Exchange of India Limited and BSE Limited, in line with the company's listing obligations. The certification was signed by Amit Jain, Company Secretary of Sammaan Capital Limited, on May 07, 2026. The company confirmed that the entire principal and interest amount has been duly paid, with no delays or reasons for non-payment reported.