Pursuant to SEBI Listing Regulations, Sammaan Capital Limited has intimated the allotment of Non-Convertible Debentures (NCDs) on a private placement basis.
Key Quantitative Figures and Allotment Details
- Total Issue Size: ₹775 Crore (Indian Rupees Seven Hundred Seventy Five Crores)
- Series I Debentures: 50,000 NCDs of face value ₹1,00,000 each, aggregating to ₹500,00,00,000 (₹500 Crore). ISIN: INE148I07YM4.
- Series II Debentures: 27,500 NCDs of face value ₹1,00,000 each, aggregating to ₹275,00,00,000 (₹275 Crore). ISIN: INE148I07YL6.
- Date of Allotment: September 11, 2026.
Instrument Characteristics
- Type: Secured, Rated, Listed, Taxable, Redeemable, Fully Paid-Up Non-Convertible Debentures.
- Series I (9.05% Sammaan Capital Limited September 2029 Series I):
- Tenor: 3 Years.
- Maturity Date: September 11, 2029.
- Coupon Rate: 9.05% per annum, payable annually.
- Series II (9.10% Sammaan Capital Limited September 2031 Series II):
- Tenor: 5 Years.
- Maturity Date: September 11, 2031.
- Coupon Rate: 9.10% per annum, payable annually.
- Proposed Listing: National Stock Exchange of India Limited (NSE) and BSE Limited.
Security Details
- The NCDs are secured by a charge by way of hypothecation in favor of the Debenture Trustee.
- The charge is on the financial and non-financial assets (including investments) of the Company, both present and future, and on present and future loan assets (collectively "Hypothecated Properties").
- The charge is on a first pari-passu basis with all other secured lenders holding a pari-passu charge.
- Excluded Assets: A portion of High Quality Liquid Assets (as per RBI's Liquidity Risk Management Framework) which must remain unencumbered. These are explicitly excluded from the Hypothecated Properties.
- Minimum Security Cover: 1.10 times the principal amount and interest thereon.
- The company states it has received necessary consents from relevant debenture trustees and security trustees for ceding this pari-passu charge.
Cash Flow Details
Series I NCD (Face Value: ₹1,00,000)
| Cash Flow | Due Date | Payment Date | No. of Days | Amount (₹) |
| Principal | 11-Sep-2026 | 11-Sep-2026 | - | -1,00,000.0000 |
| 1st Coupon | 11-Sep-2027 | 13-Sep-2027 | 365 | 9,050.0000 |
| 2nd Coupon | 11-Sep-2028 | 11-Sep-2028 | 366 | 9,050.0000 |
| 3rd Coupon + Maturity | 11-Sep-2029 | 11-Sep-2029 | 365 | 1,09,050.0000 |
Series II NCD (Face Value: ₹1,00,000)
| Cash Flow | Due Date | Payment Date | No. of Days | Amount (₹) |
| Principal | 11-Sep-2026 | 11-Sep-2026 | - | -1,00,000.0000 |
| 1st Coupon | 11-Sep-2027 | 13-Sep-2027 | 365 | 9,100.0000 |
| 2nd Coupon | 11-Sep-2028 | 11-Sep-2028 | 366 | 9,100.0000 |
| 3rd Coupon | 11-Sep-2029 | 11-Sep-2029 | 365 | 9,100.0000 |
| 4th Coupon | 11-Sep-2030 | 11-Sep-2030 | 365 | 9,100.0000 |
| 5th Coupon + Maturity | 11-Sep-2031 | 11-Sep-2031 | 365 | 1,09,100.0000 |
Other Terms
- Interest Payment Frequency: Annually from the date of allotment and at maturity.
- Default Interest: In case of default in payment of interest/principal, additional interest of at least 2% p.a. over the coupon rate is payable for the defaulting period.
- Special Rights/Privileges: None attached to the instrument.
- Details of past payment comments: Nil.
Authorization and Purpose
- The allotment was made in terms of Board authorization dated May 20, 2026.
- A resolution was passed by the Securities Issuance and Investment Committee on September 8, 2026.
- The stated rationale is for fundraising via a private placement.