Avenir Investment RSC Ltd's open offer for the acquisition of up to 34,17,54,286 equity shares of face value INR 2.00 each, representing 26.05% of the expanded voting share capital of Sammaan Capital , has received 41,110 equity shares tendered from public shareholders as of April 29, 2026. The offer is being made in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended.

Open Offer Details

The open offer involves Avenir Investment RSC Ltd as the acquirer, together with IHC Capital Holding LLC in its capacity as a person acting in concert with the acquirer. The offer size targets 34,17,54,286 equity shares, which constitutes 26.05% of the expanded voting share capital of the target company.

Latest Tendering Status

As per the Open Offer Escrow Demat Account statement received by the Manager to the Open Offer on April 29, 2026, 41,110 equity shares constituting 0.01% of the offer size have been tendered in the escrow account named "MIPL SAMMAAN CAPITAL LTD OPEN OFFER ESCROW DEMAT ACCOUNT". The account is maintained with Ventura Securities Limited bearing depository participant identification number IN303116 and client identification number 15728188 (PAN: AABCI3612A). Of these, 1,110 equity shares were tendered on April 29, 2026.

Regulatory Framework and Validation Process

The disclosure reflects equity shares in dematerialized form tendered by public shareholders in the Open Offer Escrow Demat Account. However, the equity shares tendered by public shareholders will be subject to validation and verification of submission of complete set of documents, as applicable. The equity shares "validly tendered" in the open offer will be accepted in accordance with the SEBI (SAST) Regulations and the letter of offer dated April 03, 2026 along with Addendum to the LOF dated April 09, 2026.

Accordingly, the number of equity shares tendered by public shareholders may differ from the number of equity shares which will be accepted by the acquirer in the open offer. Citigroup Global Markets India Private Limited, acting as Manager to the Open Offer, has requested the National Stock Exchange of India Limited to disseminate the aforementioned information on its website. The communication was signed by Amulya Goyal, Managing Director of Citigroup Global Markets India Private Limited.

Sammaan Capital Limited has announced the successful completion of interest payment on its Secured Redeemable Non-Convertible Debentures, demonstrating adherence to regulatory compliance and timely debt servicing obligations.

Interest Payment Details

The company paid ₹112.16 lacs as interest on April 30, 2026, ahead of the scheduled due date of May 4, 2026. This payment relates to debentures issued on a private placement basis with specific regulatory requirements under SEBI guidelines.

Regulatory Compliance

The payment certification was submitted pursuant to Regulation 57 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the entire interest amount was paid without any delays or complications.

The notification was formally communicated to both the National Stock Exchange of India Limited and BSE Limited, with the company maintaining its commitment to transparent disclosure practices. Company Secretary Amit Jain digitally signed the certification document on April 30, 2026.

Debenture Structure

The Secured Redeemable Non-Convertible Debentures were issued through private placement, providing the company with structured debt financing. The quarterly payment schedule ensures regular cash flow management for debenture holders while maintaining predictable servicing obligations for the company.

Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, continues to honor its debt commitments in accordance with established payment schedules and regulatory requirements.