Sammaan Capital has allotted ₹775 crore in secured non-convertible debentures (NCDs) via private placement on September 11, 2026.

NCD allocation details

The company completed the allotment of two series of secured, rated, listed, taxable, redeemable, fully paid-up NCDs. The issuance was authorized by the Board on May 20, 2026, and approved by the Securities Issuance and Investment Committee on September 8, 2026.

The NCD route allows companies to access debt capital efficiently, with terms negotiated directly with investors. Sammaan Capital's use of this instrument reflects its ongoing engagement with debt capital markets to manage its funding requirements. The securities carry a charge by way of hypothecation on the company’s financial and non-financial assets, including investments and loan assets, on a first pari-passu basis with other secured lenders. A minimum security cover of 1.10 times the principal amount and interest is maintained.

Interest is payable annually from the date of allotment and at maturity. In case of default in payment of interest or principal redemption on due dates, additional interest of at least 2% per annum over the coupon rate shall be payable for the defaulting period.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE148I01020/6ffcee7a-5a4e-4ad2-bc9a-9885a33f55de.pdf

Sammaan Capital shareholders approved the Scheme of Arrangement to demerge its non-banking financial company (NBFC) business into a single entity. The resolution received 99.97% support in votes cast during the extraordinary general meeting held on September 10, 2026.

The meeting was convened pursuant to an order from the National Company Law Tribunal (NCLT), New Delhi Bench, dated June 12, 2026, read with a rectification order dated July 10, 2026. Shareholders were asked to approve the Scheme of Arrangement between Sammaan Finserve Limited and Sammaan Capital Limited under Sections 230-232 of the Companies Act, 2013.

Meeting Proceedings

The meeting commenced at 11:30 am. KFin Technologies Limited, the e-platform service provider, confirmed that the quorum was not present. Consequently, the Chairperson adjourned the meeting for 30 minutes. After the expiry of this period, the shareholders present were deemed to constitute the requisite quorum in terms of the NCLT order.

Adv. Manisha Chava, appointed by the NCLT as Chairperson, led the resumed proceedings at 12:02 pm. She was co-chaired by Adv. Sunil Sharma, the Alternate Chairperson. Key executives present included Himanshu Mody, Deputy CEO; Mukesh Kumar Garg, Chief Financial Officer; and Amit Jain, Company Secretary.

Voting Results

The Scrutinizer’s Report, filed by Adv. Ansh Kakar, detailed the voting outcomes. Remote e-voting was available from September 6 to September 9, 2026. The resolution required a special majority under Section 230(6) of the Companies Act, 2013.

Promoter and Promoter Group shareholders held 33,00,40,111 fully paid-up equity shares and voted unanimously in favor. Public-Institution shareholders polled 16,66,53,861 votes in favor with no dissent. Among Public-Non Institutions, 63,05,640 votes supported the scheme against 1,33,977 dissenting votes.

Demerger Details

The Scheme aims to consolidate the entire NBFC business activities of Sammaan Finserve Limited and Sammaan Capital Limited into a single entity. This consolidation is intended to create a wider and stronger capital and asset base, enabling more efficient and competitive operations. The demerger will take effect from the Appointed Date in accordance with Section 2(19AA) of the Income Tax Act, 1961.

Outcome Timeline

The Scrutinizer’s Report has been declared. The results have been placed on the company’s website, KFin Technologies’ website, and forwarded to the BSE and NSE. A report to the NCLT will be submitted within three days of the meeting date.