Sammaan Capital Limited has completed a transformative milestone with International Holding Company PJSC (IHC), one of the world's largest investment companies, acquiring a 41.5% stake through its affiliate Avenir Investment RSC Ltd. The Securities Issuance and Investment Committee approved the allotment of equity shares and warrants totaling ₹5,652.75 crore on March 31, 2026, marking IHC's entry as the company's new promoter.

Strategic Partnership with IHC Group

IHC, with a market capitalization of USD 232 billion (₹22.0 lakh crore), becomes the promoter of Sammaan Capital through this preferential allotment. The transaction positions Sammaan Capital as an IHC Group company under its newly established global financial services platform, Judan Financial. Upon completion of the mandatory open offer at ₹139 per share, IHC's stake could increase to 63.3%.

Share Allotment Structure

The allotment comprises equity shares and two tranches of warrants, all priced at ₹139 per share. Avenir Investment has paid the full amount for equity shares and 25% advance for warrants, with the balance ₹3,198 crore to be received within 18 months upon warrant conversion.

Ambitious Growth Strategy

With IHC's backing, Sammaan Capital aims to become one of the top 3 NBFCs in India by FY 2029, transitioning from a pure-play mortgage financier to a diversified NBFC targeting mid to low-income borrowers. The company plans significant expansion across multiple parameters to achieve best-in-class Return on Assets and Return on Equity.

Enhanced Capital Structure and Market Position

Following the allotment, Sammaan Capital's paid-up equity share capital increased to ₹231.94 crore. As one of India's 15 Upper Layer NBFCs, the company will leverage IHC's AA sovereign credit rating of the United Arab Emirates to strengthen its domestic and international credit ratings. The partnership brings substantial capital, global funding networks, and institutional relationships to support growth ambitions.

Syed Basar Shueb, CEO of IHC, stated: "This milestone marks an important step in our long-term strategy to expand in India's financial services sector. We see significant opportunities to enhance capabilities, including through the adoption of AI, and to contribute meaningfully to India's financial ecosystem."

Mr. Gagan Banga, Managing Director & CEO of Sammaan Capital, commented: "This partnership brings long-term, growth capital and deep global capabilities. Having an institution of IHC's standing as our parent company provides a strong foundation that extends well beyond financial backing, bringing world-class governance practices and risk management frameworks."

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:

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:

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.