Sammaan Capital Limited has announced the successful completion of interest payments on its secured redeemable non-convertible debentures, totaling ₹5.93 lacs across two debenture series. The company made these payments on February 26, 2026, demonstrating proactive debt management by completing the transaction two days ahead of the February 28, 2026 due date.

Interest Payment Details

The company paid interest on two distinct debenture series, both following a monthly payment frequency. The payments were made without any changes to the established frequency structure, maintaining consistency in the debt servicing schedule.

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 comprehensive details as required under SEBI Master Circular Ref. No. SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/0000000103 dated July 11, 2025.

Payment Schedule Performance

Both debenture series maintained their monthly interest payment frequency with the record date set for February 13, 2026. The company's last interest payment was completed on January 28, 2026, showing consistent adherence to the monthly payment schedule. No delays or payment issues were reported for either of the debenture series.

Corporate Structure

Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, continues to service its public issue debentures that are listed on both the National Stock Exchange of India Limited and BSE Limited. Company Secretary Amit Jain certified the timely completion of all interest obligations, reinforcing the company's commitment to meeting its debt servicing requirements.

Sammaan Capital Limited has completed the allotment of secured non-convertible debentures worth ₹70 crore on a private placement basis. The company, formerly known as Indiabulls Housing Finance Limited, announced the successful issuance following board authorization and a resolution passed by the Securities Issuance and Investment Committee.

Debenture Issue Structure

The company has allotted 7,000 secured, rated, listed, redeemable, non-convertible debentures with a face value of ₹1,00,000 each, aggregating to ₹70,00,00,000. The debentures are structured as a re-issuance under ISIN INE148I07YJ0, carrying the security name "9.05% Sammaan Capital Ltd January 2036 Reissuance".

Security Framework and Asset Coverage

The non-convertible debentures are secured by a charge through hypothecation in favor of the Debenture Trustee on the company's financial and non-financial assets, including investments and present and future loan assets. The security covers all monies receivable for principal amount and interest on a first pari-passu basis with other secured lenders holding pari-passu charge over the security.

The NCDs maintain a minimum asset/security cover of 1.1 times the principal amount and interest thereon. The company reserves the right to sell or deal with receivables while maintaining the minimum security cover requirement. Excluded Assets, comprising High Quality Liquid Assets as per RBI guidelines, remain unencumbered in accordance with regulatory frameworks.

Semi-Annual Payment Structure

The debentures offer semi-annual interest payments with the first coupon payment scheduled for July 16, 2026. The interest payment frequency continues semi-annually from the deemed date of allotment until maturity. In case of payment default, the company will pay additional interest of at least 2% per annum over the coupon rate for the defaulting period.

Regulatory Compliance and Market Listing

The debenture allotment has been conducted in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The securities are proposed to be listed on National Stock Exchange of India Limited and BSE Limited, providing investors with secondary market liquidity options.

The company has obtained necessary consents from relevant debenture trustees and security trustees for ceding pari-passu charge in favor of the Debenture Trustee in relation to the NCDs. The issuance represents a strategic funding initiative for the company's ongoing business operations and growth requirements.