Sammaan Capital Limited has successfully allotted secured non-convertible debentures worth ₹115.00 crores through private placement on January 16, 2026. The allotment was conducted under the authorization of the Board dated September 3, 2025, and the Securities Issuance and Investment Committee resolution passed on January 12, 2026.

Debenture Issue Details

The company allotted 11,500 secured, rated, listed, taxable, redeemable, fully paid-up non-convertible debentures with specific terms designed to attract institutional investors.

Interest Payment Structure

The debentures offer semi-annual interest payments starting from July 16, 2026. The payment schedule spans 20 coupon payments over the 10-year period, with the final payment including both the last coupon and principal redemption.

Cash Flow Per Debenture

Each debenture with face value of ₹1,00,000 will generate the following illustrative cash flows:

Security and Asset Coverage

The NCDs are secured through comprehensive asset hypothecation arrangements. The company has created a charge by way of hypothecation in favor of the Debenture Trustee on both financial and non-financial assets, including:

• Present and future investments of the company
• Present and future loan assets including principal and interest receivables
• All monies receivable from loan portfolios

The security structure maintains a minimum asset coverage of 1.1 times the principal amount and accrued interest. The charge is created on a first pari-passu basis with other secured lenders holding similar charges. However, the security excludes High Quality Liquid Assets that must remain unencumbered under RBI's Liquidity Risk Management Framework.

Risk Management Features

The debentures include several protective features for investors:

• Default Interest: In case of payment delays exceeding three months, additional interest of at least 2% per annum over the coupon rate becomes payable
• Asset Coverage: Minimum security cover of 1.1 times principal and interest maintained throughout the tenor
• Regulatory Compliance: Structure adheres to RBI guidelines for NBFCs regarding asset-liability management

Listing and Trading

The NCDs will be listed on both National Stock Exchange of India Limited and BSE Limited, providing liquidity options for investors in the secondary market. The listing will enable price discovery and facilitate trading among institutional and eligible retail investors.

The successful allotment demonstrates Sammaan Capital's continued access to debt capital markets and its ability to raise funds at competitive rates for business expansion and operational requirements.

Sammaan Capital has successfully raised ₹115.00 crore through a private placement of non-convertible debentures, marking a significant debt fundraising initiative by the finance sector company. The issue demonstrates the company's ability to access capital markets and secure long-term funding at competitive rates.

Debenture Issue Details

The comprehensive details of the NCD issuance reflect a well-structured debt instrument designed to attract institutional investors:

Investment Features

The debentures offer several attractive features for investors seeking fixed-income securities. With a coupon rate of 9.05% per annum, the NCDs provide a competitive yield in the current interest rate environment. The long-term maturity extending to January 2036 offers investors a stable income stream over approximately 12 years.

The private placement method indicates that these debentures were offered to a select group of institutional investors, qualified institutional buyers, and high-net-worth individuals, rather than through a public offering. This approach typically allows for faster execution and reduced regulatory compliance requirements.

Capital Raising Strategy

The successful completion of this ₹115.00 crore NCD issue reflects Sammaan Capital's strategic approach to capital management and growth financing. Non-convertible debentures serve as an important debt instrument for companies in the finance sector, providing access to long-term funding without diluting equity ownership.

The fixed coupon rate structure ensures predictable interest obligations for the company while offering investors certainty regarding their returns. The substantial issue size of ₹115.00 crore indicates strong investor confidence in the company's creditworthiness and business prospects.