Sammaan Capital Certifies Timely NCD Interest Payment Across 8 ISIN Series

3 min read     Updated on 09 May 2026, 12:11 PM
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Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) certified timely interest payment on Secured Redeemable NCDs across 8 ISIN series — 7 public issue and 1 private placement — under Regulation 57 of SEBI (LODR) Regulations, 2015. All payments were made on 08/05/2026, one day ahead of the due date of 09/05/2026, with no delays or frequency changes reported across any series.

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Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has certified the timely payment of interest on its Secured Redeemable Non-Convertible Debentures (NCDs) — covering both public issue and private placement series listed on stock exchanges. The certification, issued on 09/05/2026, is in compliance with Regulation 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the details have been furnished as per SEBI Master Circular Ref. No. SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/0000000103 dated July 11, 2025.

Interest Payment Details — Public Issue NCDs

The company confirmed that the entire interest amount due has been paid across seven NCD series issued through public issue. All payments were made on a monthly frequency, with the interest payment record date of 24/04/2026, a due date of 09/05/2026, and an actual payment date of 08/05/2026 — one day ahead of the scheduled due date. The date of the last interest payment for all series was 09/04/2026, and no changes in payment frequency were reported. The following table provides a detailed breakdown of the interest payments made:

Parameter: ISIN 1 ISIN 2 ISIN 3 ISIN 4 ISIN 5 ISIN 6 ISIN 7
ISIN: INE148I07QM0 INE148I07QK4 INE148I07QS7 INE148I07QT5 INE148I07QX7 INE148I07RA3 INE148I07RB1
Issue Size (INR lacs): 15.00030 639.6061252 300 921.048 213.334008 24.80 1132.664
Interest Amount Due (INR lacs): 0.11122 5.01613 2.28083 7.40181 1.77373 0.19976 9.74257
Frequency: Monthly Monthly Monthly Monthly Monthly Monthly Monthly
Record Date: 24/04/2026 24/04/2026 24/04/2026 24/04/2026 24/04/2026 24/04/2026 24/04/2026
Due Date: 09/05/2026 09/05/2026 09/05/2026 09/05/2026 09/05/2026 09/05/2026 09/05/2026
Actual Payment Date: 08/05/2026 08/05/2026 08/05/2026 08/05/2026 08/05/2026 08/05/2026 08/05/2026
Amount Paid (INR lacs): 0.11122 5.01613 2.28083 7.40181 1.77373 0.19976 9.74257
Last Interest Payment Date: 09/04/2026 09/04/2026 09/04/2026 09/04/2026 09/04/2026 09/04/2026 09/04/2026
Reason for Delay/Non-Payment: NA NA NA NA NA NA NA

Interest Payment Details — Private Placement NCDs

In addition to the public issue series, Sammaan Capital also certified timely interest payment on an NCD series issued on a private placement basis. This series similarly recorded an actual payment date of 08/05/2026, ahead of the due date of 09/05/2026, with a record date of 24/04/2026 and the last interest payment date of 09/04/2026. No changes in payment frequency or reasons for delay were reported for this series. The details are as follows:

Parameter: Details
ISIN: INE148I07YI2
Issue Size (INR lacs): 20000
Interest Amount Due (INR lacs): 144.53676
Frequency: Monthly
Change in Frequency: No
Record Date: 24/04/2026
Due Date: 09/05/2026
Actual Payment Date: 08/05/2026
Amount Paid (INR lacs): 144.53676
Last Interest Payment Date: 09/04/2026
Reason for Delay/Non-Payment: NA

Compliance and Redemption Status

The company confirmed that no changes were made to the frequency of interest payments across any of the eight NCD series, and no reasons for non-payment or delay were applicable. With respect to redemption, the company indicated that no redemption payments were due at this time. The certification was submitted to both the National Stock Exchange of India Limited and BSE Limited, and was digitally signed by Amit Jain, Company Secretary of Sammaan Capital Limited, on 09/05/2026.

Historical Stock Returns for Sammaan Capital

1 Day5 Days1 Month6 Months1 Year5 Years
-1.98%+2.88%+2.48%-19.76%+28.40%-7.17%

How might Sammaan Capital's consistent early NCD interest payments influence investor confidence as the company continues its rebranding transition from Indiabulls Housing Finance?

With the large private placement NCD (INE148I07YI2) of INR 20,000 lacs approaching potential redemption milestones, how could refinancing conditions in India's debt market impact Sammaan Capital's liability management strategy?

Could Sammaan Capital's demonstrated compliance track record position it to raise fresh NCD issuances at more competitive interest rates in the near future?

Sammaan Capital Limited Receives RBI No Objection Certificate for NBFC Business Transfer from Sammaan Finserve Limited

1 min read     Updated on 08 May 2026, 08:54 PM
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Sammaan Capital Limited received a no objection certificate from the Reserve Bank of India on May 7, 2026, for the transfer of the NBFC business of Sammaan Finserve Limited to itself under a proposed scheme of arrangement. The scheme, approved by the Board of Directors on December 31, 2025, had earlier received no adverse observations from BSE on April 21, 2026, and no objection from NSE on April 22, 2026. The RBI approval is described as a key regulatory milestone, though the scheme still awaits approvals from the National Company Law Tribunal and the respective shareholders and creditors of the companies involved.

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Sammaan Capital Limited (formerly known as Indiabulls Housing Finance Limited) has received a no objection certificate from the Reserve Bank of India (RBI) for the proposed transfer of the NBFC business of Sammaan Finserve Limited to itself, pursuant to a scheme of arrangement. The RBI communicated its no objection via a letter dated May 7, 2026, subject to certain conditions as specified therein. This development was disclosed by the company through an intimation filed under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background of the Scheme

The scheme of arrangement involves Sammaan Finserve Limited as the Demerged Company and Sammaan Capital Limited as the Resulting Company, along with their respective shareholders and creditors. The scheme is structured under Sections 230 to 232, read with Section 52, Section 66, and other applicable provisions of the Companies Act, 2013, along with the rules framed thereunder. The Board of Directors of Sammaan Capital Limited had approved the proposed scheme on December 31, 2025.

Key Regulatory Milestones

Prior to the RBI approval, the company had secured observations from both major stock exchanges. The following table summarises the key regulatory milestones achieved in the process:

Milestone: Details
Board Approval: December 31, 2025
BSE Observation Letter (No Adverse Observations): April 21, 2026
NSE Observation Letter (No Objection): April 22, 2026
RBI No Objection Certificate: May 7, 2026

Pending Approvals

While the RBI no objection certificate represents a significant regulatory milestone, the scheme is yet to receive several other statutory and regulatory approvals before it can be fully implemented. The pending approvals include:

  • Approval from the National Company Law Tribunal (NCLT)
  • Approval from the respective shareholders of the companies involved in the scheme
  • Approval from the respective creditors of the companies involved in the scheme
  • Any other requisite regulatory or statutory approvals as may be required

The company has requested the stock exchanges to take the intimation on record and treat it as compliance with the applicable provisions of the SEBI LODR Regulations. The intimation was signed by Amit Kumar Jain, Company Secretary of Sammaan Capital Limited, on May 7, 2026.

Historical Stock Returns for Sammaan Capital

1 Day5 Days1 Month6 Months1 Year5 Years
-1.98%+2.88%+2.48%-19.76%+28.40%-7.17%

What specific conditions has the RBI attached to its no objection certificate, and how might they impact the timeline or structure of the merger?

How will the consolidation of Sammaan Finserve's NBFC business into Sammaan Capital affect the combined entity's loan book size, capital adequacy ratios, and competitive positioning in the housing finance sector?

What is the expected timeline for NCLT approval, and are there any potential legal or creditor challenges that could delay or derail the scheme of arrangement?

More News on Sammaan Capital

1 Year Returns:+28.40%