Sammaan Capital Limited has initiated a tender offer to repurchase an aggregate principal amount of up to U.S.$18,000,000 of its outstanding U.S.$350,000,000 9.70% Senior Secured Social Bonds due 2027. The move is part of the company's ongoing structured liability management programme aimed at actively rebalancing outstanding obligations, enhancing maturity alignment, and capitalising on a structurally declining cost of funds.

The Securities Issuance and Investment Committee approved the offer on July 20, 2026. The company intends to continue evaluating buybacks across its USD-denominated bonds, subject to regulatory frameworks and market conditions, to optimise its overall cost of funds. This strategy is supported by the company's sustained upward credit rating trajectory, which improves access to favourable funding terms.

Deutsche Bank AG, Singapore Branch is acting as the dealer manager, while D.F. King, a business name of MUFG Corporate Markets IR Pty Ltd, is serving as the information and tender agent. The company has entered into a dealer manager agreement dated July 20, 2026, to facilitate the offer.

The tender offer provides two consideration levels. Holders who validly tender bonds at or prior to the Early Tender Deadline of 5:00 P.M. Central European Time on July 31, 2026, will receive U.S.$1,035 per U.S.$1,000 principal amount. Bonds tendered after this deadline but at or before the Expiration Time of 5:00 P.M. Central European Time on August 17, 2026, will receive U.S.$1,000 per U.S.$1,000 principal amount. The company will also pay accrued and unpaid interest on accepted bonds.

Key Terms of the Tender Offer

The company reserves the right to increase or decrease the Maximum Purchase Amount in its sole discretion. If tenders exceed the maximum amount, valid tenders will be accepted on a pro rata basis. The Early Payment Date is expected to be on or about August 6, 2026, while the Final Payment Date is expected on or before August 19, 2026. The offer is not being made to residents of India or in other jurisdictions where such offers are restricted by law.

Sammaan Capital has successfully paid interest totaling ₹93.64 lakh across eight series of Secured Redeemable Non-Convertible Debentures (NCDs). The payments were made on July 17, 2026, two days prior to the scheduled due date of July 19, 2026. This timely payment covers the interest obligation for the period ending July 6, 2026, with no delays reported for any of the listed instruments.

The intimation was submitted to the stock exchanges in compliance with Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The certification, signed by Company Secretary Amit Jain, confirmed that the entire interest amount due was paid and that there were no changes in the monthly payment frequency for any of the NCD series.

Interest Payment Details

The interest payments were distributed across eight different ISINs, with individual amounts ranging from ₹0.01 lakh to ₹46.71 lakh. The record date for determining the eligibility of holders for the interest payment was July 6, 2026. The previous interest payment for these series was made on June 19, 2026.

The filing confirmed that there were no redemptions due during this period. The company stated that the reason for non-payment or delay was not applicable (NA) for any of the series, indicating adherence to the scheduled payment timelines.