Sammaan Capital Limited has allotted secured, rated, listed, taxable, redeemable, fully paid-up non-convertible debentures (NCDs) aggregating to ₹1,400 crore on a private placement basis on July 3, 2026. This allotment was made pursuant to board authorization dated May 20, 2026, and resolution passed by the Securities Issuance and Investment Committee on June 30, 2026.

Details of Allotment

Series I NCDs:

  • Quantity: 8,000 debentures
  • Face value: ₹10,00,000 each
  • Total issue size: ₹800 crore
  • Security name: 8.03% Sammaan Capital Ltd September 2027 Series I
  • Coupon rate: Fixed 8.03% per annum payable annually
  • Tenor: Original 10 years, Re-issuance 1.18 years
  • Maturity date: September 8, 2027

Series II NCDs:

  • Quantity: 6,000 debentures
  • Face value: ₹10,00,000 each
  • Total issue size: ₹600 crore
  • Security name: 8.43% Sammaan Capital Ltd February 2028 Series II
  • Coupon rate: Fixed 8.43% per annum payable annually
  • Tenor: Original 10 years, Re-issuance 1.64 years
  • Maturity date: February 22, 2028

Security Details

The NCDs are secured by a charge by way of hypothecation in favor of the Debenture Trustee on:

  • Financial and non-financial assets (including investments) of the Company, both present and future
  • Present and future loan assets of the Company, including all monies receivable for principal amount and interest
  • The security excludes Excluded Assets as defined in accordance with the RBI LRM Framework

The NCDs maintain a minimum asset/security cover of 1.25 times the principal amount and interest thereon. The company has received necessary consents from relevant debenture trustees and security trustees for ceding pari passu charge in favor of the Debenture Trustee.

Interest and Redemption Schedule

Series I Interest Payment Dates:

  • September 8, 2026
  • September 8, 2027 (including maturity payment)

Series II Interest Payment Dates:

  • February 22, 2027
  • February 22, 2028 (including maturity payment)

Default Provisions

In case of default in payment of interest and/or principal redemption beyond three months from due date, additional interest of at least 2% p.a. over the coupon rate shall be payable for the defaulting period.

Cash Flow Details

Series I per NCD (face value ₹10,00,000):

  • Principal outflow: -₹10,55,015.00 on July 3, 2026
  • 1st coupon: ₹80,300.00 on September 8, 2026
  • 2nd coupon + maturity: ₹10,80,300.00 on September 8, 2027

Series II per NCD (face value ₹10,00,000):

  • Principal outflow: -₹10,20,924.62 on July 3, 2026
  • 1st coupon: ₹84,300.00 on February 22, 2027
  • 2nd coupon + maturity: ₹10,84,300.00 on February 22, 2028

Listing

The NCDs are proposed to be listed on National Stock Exchange of India Limited and BSE Limited.

The disclosure is made pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.