Sammaan Capital Limited has announced the successful completion of interest payments on its non-convertible debentures, totaling ₹11.50 lacs across three series of instruments. The company made these payments on February 23, 2026, one day ahead of the scheduled due date of February 24, 2026.

Interest Payment Details

The company paid interest on three distinct series of debentures, all following a monthly payment frequency. The interest payment record date was set as February 9, 2026, with the last interest payment having been made on January 24, 2026.

Regulatory Compliance

The interest payment notification was made in compliance with Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required under SEBI Master Circular Ref. No. SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/0000000103 dated July 11, 2025.

Debenture Structure

The debentures comprise both secured and unsecured redeemable non-convertible instruments issued through public issue and listed on stock exchanges. All three series maintain a monthly interest payment frequency with no changes reported in the payment structure. The company confirmed that no redemption payments were due during this period.

Timely Payment Record

Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, demonstrated its commitment to debt servicing by making all interest payments ahead of schedule. The company reported no delays or non-payments, with Company Secretary Amit Jain certifying the timely completion of all obligations under the regulatory framework.

Sammaan Capital Limited has released the transcript of its Q3FY26 earnings conference call held on February 4, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The call, moderated by MUFG's Aryan Sumra, featured Managing Director and CEO Gagan Banga discussing quarterly performance and strategic developments.

Financial Performance Highlights

The company reported strong financial metrics for the quarter ended December 31, 2025. Net worth increased by approximately ₹2,000 crores year-on-year, reaching ₹22,423 crores, while gross AUM stands at ₹44,000 crores.

For the nine-month period, the company achieved a PAT of ₹957 crores, marking a significant turnaround from the consolidated loss of ₹2,132 crores reported in the previous year.

Strategic Developments and Merger Plans

A major development announced during the call was the proposed merger of subsidiary Sammaan Finserve into Sammaan Capital. This consolidation aims to create a comprehensive structure offering a full suite of mortgage-backed loans and expand into other loan products for mid-market to low-income segments.

The company's AIF platform has built a strong track record, having lent approximately ₹6,200 crores across the top 8 cities while delivering good returns to investors.

IHC Preferential Allotment Progress

Regarding the proposed preferential allotment to IHC, the company has secured approvals from stock exchanges, shareholders, and the Competition Commission of India (CCI). The transaction now awaits final approvals from RBI for the preferential allotment and SEBI for the open offer.

Banga expressed optimism that the approval process has entered its final stages, with both IHC and Sammaan Capital management actively engaged with regulators.

Asset Quality and Collections

The company maintains strong asset quality metrics with gross NPA improving to 1.2% from 1.3% at the end of FY25, while net NPA decreased to 0.7% from 0.8%. The performance of sold-down pools totaling ₹1.03 lakh crores demonstrates exceptional quality, with 90-day past due at just 0.54%.

The company achieved net collections of ₹5,000 crores during the year while maintaining overall asset quality. Management expects Q4 to be a strong quarter for cash collections and recoveries.

Future Strategy and Outlook

Sammaan Capital continues its asset-light strategy while developing technology and automation around credit processes. The new co-lending regulations effective from January 1, 2026, provide expanded opportunities beyond priority sector lending, covering all loan types with banks, NBFCs, HFCs, and All India Financial Institutions.

The company expects to achieve 15-18% cost savings on an operational basis once the technology platform is fully integrated. Management anticipates business volumes to return to original levels by May-June 2026, with plans to expand the branch network post-investment completion.