Meeting Details

The meeting of equity shareholders was held on Thursday, September 10, 2026, at 11:30 A.M. (IST) through Video Conferencing, pursuant to the directions of the Hon'ble National Company Law Tribunal, New Delhi Bench, vide its Order dated June 12, 2026, read with Rectification/Clarification Order dated July 10, 2026.

Proposed Resolutions and Implications

The single resolution proposed was for approving the Scheme of Arrangement between Sammaan Finserve Limited ("Demerged Company") and Sammaan Capital Limited ("Resulting Company") and their respective shareholders and creditors under Sections 230-232 read with Section 52, Section 66 and other applicable provisions of the Companies Act, 2013. The scheme involves business restructuring between the two entities.

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available from Sunday, September 6, 2026, at 9:00 A.M. (IST) till Wednesday, September 9, 2026, at 5:00 P.M. (IST)
  • E-voting during the meeting: For shareholders who had not cast their votes via remote e-voting
  • The e-voting system was provided by KFin Technologies Limited (KFintech)

Key Voting Outcomes

Overall Results:

  • Total equity shareholders eligible to vote: 417,996 (as of September 2, 2026 cut-off date)
  • Total shareholders who voted: 561
  • Total votes cast: 503,135,995
  • Votes in favor: 503,002,018 (99.973%)
  • Votes against: 133,977 (0.027%)
  • Abstained: 5 shareholders holding 2,012 equity shares

Category-wise Voting Breakdown:

Promoter and Promoter Group:
  • Votes cast: 100% of eligible voting rights (33,00,40,111 votes)
  • Votes in favor: 100%
  • Votes against: 0%
Public Institutions:
  • Votes cast: 55.863% of eligible voting rights (16,66,53,861 votes)
  • Votes in favor: 100%
  • Votes against: 0%
Public-Non Institutions:
  • Votes cast: 1.206% of eligible voting rights (64,40,418.92 votes)
  • Votes in favor: 97.920% (63,06,441.92 votes)
  • Votes against: 2.080% (1,33,977 votes)

Scrutinizer's Role and Findings

Ansh Kakar, Advocate, was appointed as Scrutinizer by the NCLT. His responsibilities included:

  • Ensuring the voting process was undertaken in a fair and transparent manner
  • Submitting a consolidated report on the voting to the Chairperson of the meeting
  • Relying on the report generated by KFintech's e-voting system

The scrutinizer confirmed that:

  • The notice dated July 24, 2026, was sent to all 418,023 equity shareholders
  • Email IDs of 401,286 shareholders were registered, while 16,737 were sent notices via courier
  • Newspaper advertisements were published in Financial Express (English) and Jansatta (Hindi) on August 8, 2026
  • The quorum requirement was met with 84 shareholders present, holding 10,26,526 shares (0.088% of equity shareholding)
  • The resolution was approved by more than three-fourths majority as required under Section 230(6) of the Companies Act, 2013

Compliance with Laws and Regulations

The document confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013, particularly Sections 230-232
  • Companies (Compromises, Arrangements and Amalgamations) Rules, 2016
  • Companies (Management and Administration) Rules, 2014
  • Directions of the National Company Law Tribunal, New Delhi Bench

Additional Information

  • Company CIN: L65922DL2005PLC136029
  • Issued capital: 116,15,43,631 fully paid-up equity shares of ₹2 each and 30,13,213 partly paid-up equity shares of ₹2 each (₹0.67 paid-up)
  • Cut-off date for voting eligibility: September 2, 2026
  • Chairperson of meeting: Adv. Manisha Chava
  • Alternate Chairperson: Adv. Sunil Shaima