Date: September 25, 2026
Board Meeting Outcomes
Pursuant to Board authorization dated May 20, 2026, and a resolution passed by the Securities Issuance and Investment Committee on September 22, 2026, Sammaan Capital Limited has allotted Non-Convertible Debentures (NCDs) on a private placement basis on September 25, 2026.
Fundraising / Financing
Allotment Details:
- Series I NCDs: 25,000 debentures of face value ₹1,00,000 each, aggregating to ₹250 crore. ISIN: INE148I07TY9 (Permanent), IN8148I07067 (Temporary). Coupon: 9.75% per annum payable annually. Maturity Date: April 12, 2028. Tenor: Original 3.67 years, Re-Issuance 1.55 years.
- Series II NCDs: 25,000 debentures of face value ₹1,00,000 each, aggregating to ₹250 crore. ISIN: INE148I07XA1 (Permanent), IN8148I07125 (Temporary). Coupon: 9.45% per annum payable annually. Maturity Date: June 19, 2028. Tenor: Original 3 years, Re-Issuance 1.73 years.
- Series III NCDs: 25,000 debentures of face value ₹1,00,000 each, aggregating to ₹250 crore. ISIN: INE148I07YM4 (Permanent), IN8148I07133 (Temporary). Coupon: 9.05% per annum payable annually. Maturity Date: September 11, 2029. Tenor: Original 3 years, Re-Issuance 2.96 years.
Total Issue Size: ₹750 crore.
Security: The NCDs are secured by a charge by way of hypothecation in favor of the Debenture Trustee on the financial and non-financial assets (including investments) of the Company, both present and future, and on present and future loan assets, on a first pari-passu basis with all other secured lenders. A minimum asset/security cover of 1.10 times the principal amount and interest thereon is maintained. Necessary consents from relevant debenture trustees and security trustees for ceding pari-passu charge have been received.
Listing: The NCDs are proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.
Default Provisions: In case of default in payment of interest and/or principal redemption, additional interest of at least 2% p.a. over the coupon rate shall be payable for the defaulting period.
Cash Flow Details
Series I NCD Cash Flow (per debenture, face value ₹1,00,000):
- Principal: September 25, 2026 | Amount: -102378.0425
- 1st Coupon: August 12, 2027 | Amount: 9750.0000
- 2nd Coupon + Maturity: April 12, 2028 | Amount: 106500.0000
Series II NCD Cash Flow (per debenture, face value ₹1,00,000):
- Principal: September 25, 2026 | Amount: -103206.6603
- 1st Coupon: June 21, 2027 | Amount: 9450.0000
- 2nd Coupon + Maturity: June 19, 2028 | Amount: 109450.0000
Series III NCD Cash Flow (per debenture, face value ₹1,00,000):
- Principal: September 25, 2026 | Amount: -100347.1233
- 1st Coupon: September 13, 2027 | Amount: 9050.0000
- 2nd Coupon: September 11, 2028 | Amount: 9050.0000
- 3rd Coupon + Maturity: September 11, 2029 | Amount: 109050.0000
Other Disclosures
There are no details of any delay in payment of interest/principal for more than three months, no letters or comments regarding payment/non-payment, and no details of redemption of preference shares.