Meeting Details
- Date: Thursday, September 10, 2026
- Time: Commenced at 11:30 A.M. (IST), adjourned and reconvened at 12:02 P.M. (IST), concluded at 1:17 P.M. (IST)
- Location: Conducted through video-conference
- Type: Court Convened Meeting of Equity Shareholders
- Authority: Ordered by Hon'ble National Company Law Tribunal, New Delhi Bench vide Order dated June 12, 2026 read with Rectification/Clarification Order dated July 10, 2026
Proposed Resolution and Implications
The meeting was convened to seek shareholder approval for the Scheme of Arrangement between Sammaan Finserve Limited (Demerged Company) and Sammaan Capital Limited (Resulting Company) under Sections 230-232 read with Section 52, Section 66 and other applicable provisions of the Companies Act, 2013.
The Scheme provides for the demerger of the Demerged Undertaking from Sammaan Finserve Limited to Sammaan Capital Limited, aiming to consolidate the entire NBFC Business activities of both entities into a single entity. This consolidation is intended to create a wider and stronger capital and asset base with greater capacity for conducting operations more efficiently and competitively. The Scheme shall take effect from the Appointed Date and shall be in accordance with Section 2(19AA) of the Income Tax Act, 1961.
Voting Process and Methods
- Remote e-voting facility was provided through KFin Technologies Limited (Kfintech) as e-platform service provider
- Remote e-voting period: From 9:00 A.M. (IST) on Sunday, September 6, 2026 to 5:00 P.M. (IST) on Wednesday, September 9, 2026
- Facility of e-voting was also provided at the Meeting for shareholders who did not participate in remote e-voting
- Quorum requirement: 75% in value of Equity Shareholders as per Section 230(6) of Companies Act, 2013
Meeting Proceedings and Quorum Status
- Initial quorum was not met as confirmed by Kfintech and Company Secretary
- Chairperson adjourned the proceedings by 30 minutes
- After 30 minutes, in terms of NCLT Order, Equity Shareholders present and voting were deemed to constitute requisite quorum
- Meeting was called to order at 12:02 P.M. (IST)
Key Participants
- Chairperson: Adv. Manisha Chava (appointed by NCLT)
- Alternate Chairperson: Adv. Sunil Sharma (appointed by NCLT)
- Scrutinizer: Adv. Ansh Kakar (appointed by NCLT)
- Company Representatives: Mr. Himanshu Mody (Deputy CEO), Mr. Mukesh Kumar Garg (Chief Financial Officer), Mr. Amit Jain (Company Secretary)
- Legal counsel to the Scheme was also present
Voting Results Announcement
- Results will be declared within two working days from conclusion of meeting
- Results will be placed at registered office of Company, website of Company and Kfintech
- Results will be forwarded to BSE Limited and National Stock Exchange of India Limited
- Report of Chairperson on meeting results will be submitted to NCLT within three days from meeting date
Compliance Confirmation
The meeting was conducted in compliance with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013 (Sections 230-232, Section 52, Section 66)
- Hon'ble NCLT Order dated June 12, 2026 and Rectification/Clarification Order dated July 10, 2026
- Income Tax Act, 1961 Section 2(19AA)
Additional Information
- Company CIN: L65922DL2005PLC136029
- Copy also sent to India International Exchange IFSC Limited (India INX) and NSE IFSC Limited (NSE IX)