Sammaan Capital Limited has made a regulatory disclosure regarding the allotment of equity shares to its promoter, Avenir Investment RSC Ltd, following the conversion of warrants.

Key Transaction Details

  • The Securities Issuance and Investment Committee of the Company approved the allotment on October 30, 2026.
  • The allotment comprises 8,68,92,966 fully paid-up equity shares of face value ₹2 each.
  • The shares were allotted to Avenir Investment RSC Ltd (classified as Promoter) at an issue price of ₹139 per equity share.
  • This allotment represents the conversion of Tranche I Warrants that were originally allotted on March 31, 2026.

Financial Considerations

  • The promoter paid a balance consideration of ₹905,85,91,705.50 (Nine Hundred and Five Crore Eighty Five Lakh Ninety One Thousand Seven Hundred and Five and Fifty Paise Only).
  • This amount represents the remaining 75% of the subscription amount for the Tranche I Warrants.
  • The total issue price per equity share is ₹139, comprising ₹34.75 paid initially (25%) and ₹104.25 paid now (75%).

Shareholding Impact

  • Pre-allotment promoter shareholding: 33,00,41,221 shares (28.34% of total equity)
  • Post-allotment promoter shareholding: 41,69,34,187 shares (33.32% of total equity)
  • The promoter's shareholding increased by 8,68,92,966 shares, representing a 4.98 percentage point increase.

Warrant Holdings Update

  • The promoter continues to hold 21,97,97,569 warrants (Remaining Warrants) after this conversion.
  • These remaining warrants may be exercised at any time, in one or more tranches, until September 30, 2027 (18 months from the original allotment date of March 31, 2026).
  • If all remaining warrants are converted (assuming no other changes to share capital), the promoter's shareholding would increase to 43.28% of the total equity.

Capital Structure Changes

  • Post-allotment paid-up equity share capital: ₹2,49,88,92,046.71
  • Total fully paid-up equity shares: 1,24,84,36,597 shares of face value ₹2 each (ISIN INE148I01020)
  • Partly paid-up equity shares: 30,13,213 shares of face value ₹2 each (₹0.67 paid-up) (ISIN IN9148I01010)

Additional Information

  • The newly allotted equity shares will rank pari passu with existing equity shares.
  • The shares will be listed on both BSE Limited and the National Stock Exchange of India Limited.
  • The disclosure includes Annexure A with details required under Regulation 30 of SEBI Listing Regulations.
  • The company has also copied India International Exchange IFSC Limited (India INX) and NSE IFSC Limited (NSE IX) on this intimation.