Sammaan Capital has issued an official clarification regarding recent media reports about a fresh FIR filed by Delhi Police's Economic Offences Wing (EOW) against its former promoter Sameer Gehlaut. The company responded to communications from both BSE and NSE dated December 17, 2025, addressing news reports that appeared on Moneycontrol about the company's stock movement following the FIR developments.

Fresh FIR Details and Court Proceedings

The clarification reveals that Delhi Police EOW has registered FIR No. 175/25 dated December 15, 2025, following information from the Enforcement Directorate about alleged fraud and criminal conspiracy in quid pro quo transactions. The FIR specifically targets Sameer Gehlaut, the erstwhile promoter, and five corporate entity groups including Americorp, Reliance ADAG, DLF Group, Vatika Group, and Chordia Group.

Company's Position on Ex-Promoter

Sammaan Capital has categorically stated that it has no relation whatsoever with Mr. Gehlaut, against whom the allegations have been levelled in the FIR. The company provided a detailed timeline of Gehlaut's complete exit from the organization across multiple capacities.

Supreme Court Case Background

The developments stem from an ongoing Supreme Court case titled "Citizens Whistle Blowers Forum Vs Union of India & Ors." During the court hearing on December 17, 2025, both CBI and Delhi Police EOW submitted their respective affidavits in compliance with earlier Supreme Court directions. The CBI affidavit revealed that a meeting of senior officers from CBI, ED, SFIO, and SEBI was held to examine whether a Special Investigation Team (SIT) was required, but no decision to form an SIT could be taken.

Company Profile and Current Status

Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, continues its operations as a mid-cap finance company. The company emphasized that it has made necessary timely disclosures from time to time on stock exchanges, including a detailed brief disclosed on November 19, 2025.

The company's clarification, signed by Company Secretary Amit Jain on December 18, 2025, aims to address stakeholder concerns and provide transparency regarding its complete disconnection from the ongoing investigations involving its former promoter.

The Delhi Police's Economic Offences Wing (EOW) has filed a fresh First Information Report (FIR) against Sammaan Capital 's former promoters, according to recent reports. This development marks another chapter in the ongoing regulatory scrutiny surrounding the financial services company.

Latest Legal Development

The new FIR represents a significant step by law enforcement authorities in their investigation of matters related to the company's previous leadership. The Economic Offences Wing, which specializes in financial crimes and corporate irregularities, has taken this formal legal action as part of their ongoing probe.

Company Background

Sammaan Capital operates in the finance sector and has been subject to various regulatory developments. The company's former promoters are now the focus of this latest legal action by Delhi Police's specialized economic crimes unit.

Regulatory Implications

The filing of this FIR by the EOW indicates the seriousness with which authorities are treating the matters under investigation. The Economic Offences Wing typically handles cases involving financial irregularities, corporate governance issues, and other economic crimes that fall under their jurisdiction.

This development adds to the regulatory challenges facing Sammaan Capital and highlights the ongoing scrutiny from law enforcement agencies regarding the conduct of its former leadership.