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 nil share tendering from public shareholders as of April 24, 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 24, 2026, nil equity shares constituting 0% 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).

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 BSE 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 certified that it has made timely payment of interest amounts on its Secured and Unsecured Redeemable Non-Convertible Debentures issued through public issue and listed on the stock exchanges. The certification was submitted in accordance with Regulation 57 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and dated April 24, 2026.

The company confirmed that the entire interest amount has been paid for two series of debentures. The payments were made on April 23, 2026, ahead of the scheduled due date of April 26, 2026. The interest payment record date was April 17, 2026, and the previous interest payment date was March 26, 2026. All payments were made on a monthly frequency with no changes to the payment schedule.

Interest Payment Details

The following table provides comprehensive details of the interest payments made across both debenture series:

Certification Summary

The total interest paid across both debenture series amounted to ₹11.88102 lacs. The company reported no delays or non-payments, with all reasons for non-payment or delay marked as NA. No redemption details were provided as part of this certification. The certification was signed by Amit Jain, Company Secretary, on behalf of Sammaan Capital Limited (formerly known as Indiabulls Housing Finance Limited).

The certification confirms the company's continued compliance with regulatory requirements and its commitment to timely servicing of its debt obligations to debenture holders.