Sammaan capital Limited has achieved a significant milestone with CRISIL, a company of S&P Global, upgrading its credit rating to AA+/Stable for its long-term debt programme. This development follows the strategic investment and acquisition of a controlling stake by International Holding Company (IHC) through its subsidiary Avenir Investment RSC Ltd.

Credit Rating Enhancement Details

The upgrade represents a notable achievement for the company, marking the first rating enhancement by a domestic rating agency since 2017. This significant improvement reflects the positive impact of IHC's strategic investment on the company's overall financial standing and capital structure.

Strategic Investment Impact

Following the consummation of the preferential issue, IHC has acquired a controlling stake in Sammaan Capital Limited, with Avenir Investment RSC Ltd becoming the company's promoter. This transaction was completed as part of a share subscription agreement dated October 2, 2025, with the open offer process now concluded.

CRISIL's Rating Rationale

In announcing the upgrade, CRISIL highlighted several key factors that contributed to the improved rating:

• Strategic importance to and strong support from the IHC Group
• Brand linkage with the established IHC Group network
• Sustained strong capitalisation maintaining robust financial foundations
• Robust buffers and strategic pivot towards growth initiatives

Regulatory Compliance

The company has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was formally communicated to both BSE Limited and National Stock Exchange of India Limited on April 10, 2026.

Future Outlook

The rating upgrade marks the commencement of an upward rating trajectory for Sammaan Capital Limited, now operating as part of the IHC Group. The strengthened capital position and enhanced financial profile position the company for continued growth and improved market standing in the financial services sector.

Sammaan Capital Limited has successfully completed interest payments on its secured redeemable non-convertible debentures, demonstrating continued compliance with regulatory obligations. The company made the announcement through a formal intimation to stock exchanges on April 09, 2026, pursuant to Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Interest Payment Details

The company paid interest amounts totaling INR 27.41 lacs across seven different series of debentures. All payments were completed on April 08, 2026, one day ahead of the scheduled due date of April 09, 2026. The interest record date was set as March 25, 2026, and the previous interest payment was made on March 09, 2026.

Regulatory Compliance

The company confirmed full compliance with SEBI regulations regarding timely interest payments. All seven series of debentures maintain a monthly interest payment frequency, with no changes reported in the payment schedule. The filing indicated no instances of non-payment or delays, reflecting the company's commitment to meeting its debt obligations.

Debenture Portfolio Overview

The total outstanding debenture portfolio across the seven series amounts to INR 3,246.45 lacs in issue size. The largest series by issue size is INE148I07RB1 with INR 1,132.664 lacs, while the smallest is INE148I07QM0 with INR 15.00030 lacs. The interest payments reflect the proportional obligations across these different series.

Corporate Structure

Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, continues to operate its debenture programs through public issues listed on stock exchanges. The company secretary Amit Jain signed the regulatory filing, confirming the accuracy of the reported payment details and compliance certifications.