Sammaan Capital Ltd

Sammaan Capital has allotted rated, listed, taxable, redeemable, non-convertible debenture of face value of Rs 10 lakh each aggregating to Rs 1,400 crore on private placement basis 03 July 2026.

Sammaan Capital has allotted 26,87,663 equity shares under ESOP on 17 June 2026. Consequent to the allotment, the paid up equity share capital has increased to 116,15,43,631 fully paid-up equity shares having face value of Rs 2/- each and 30,13,213 partly paid-up equity shares having a face value of Rs 2 each.

S&P Global Ratings has upgraded Sammaan Capital's long-term [International] credit rating to 'BB-' with Stable Outlook. The rating upgrade reflects the continued strengthening of the Company's credit profile following the strategic investment by International Holding Company PJSC (IHC). S&P expects an improvement in business profile, enhanced funding access, continued strong capitalization, and increase in profitability. With CRISIL having upgraded the Company's long-term rating to 'CRISIL AA+/Stable' on April 9, 2026, CARE Ratings having upgraded the Company's long-term rating to 'CARE AA+; Stable' on May 12, 2026, and ICRA having upgraded the Company's long-term rating to '[ICRA]AA+/Stable' on May 20, 2026, all the major rating agencies covering the Company have now upgraded their ratings following IHC's investment in the Company on March 31, 2026. The successive rating upgrades have already translated into improved market confidence and a meaningful reduction in the Company's incremental borrowing costs. Enhanced funding access and a lower cost of funds will strengthen the Company's competitive position, support higher disbursements and accelerate execution of its growth strategy.

Net loss of Sammaan Capital reported to Rs 8101.41 crore in the quarter ended March 2026 as against net profit of Rs 324.04 crore during the previous quarter ended March 2025. Sales declined 35.58% to Rs 1357.66 crore in the quarter ended March 2026 as against Rs 2107.43 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 7144.56 crore in the year ended March 2026 as against net loss of Rs 1807.46 crore during the previous year ended March 2025. Sales declined 5.30% to Rs 8166.16 crore in the year ended March 2026 as against Rs 8623.33 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1357.662107.43 -36 8166.168623.33 -5 OPM %-139.7671.41 -41.6028.28 - PBDT-3572.41479.69 PL -2196.82-2292.55 4 PBT-3597.45454.99 PL -2285.25-2375.57 4 NP-8101.41324.04 PL -7144.56-1807.46 -295 Powered by Capital Market - Live

Sammaan Capital announced that ICRA has upgraded the credit rating on the long-term debt programme of the company to 'ICRA AA+/Stable'. The rating has been removed from 'Rating Watch with Developing Implications'.

Sammaan Capital will hold a meeting of the Board of Directors of the Company on 20 May 2026.

Sammaan Capital announced that with the completion of International Holding Company PJSC (IHC) investment and Open Offer, Sammaan Capital has formally entered a new era. Sammaan Capital is now an IHC Group Company, with IHC, as the promoter and controlling shareholder of the Company. IHC is one of the world's largest listed investment companies, with a market capitalisation of approximately USD 232 billion and total assets of USD 117 billion, with a presence across 100+ countries. India is one of IHC's top two global strategic markets, and Sammaan Capital is the anchor of Avalora Holdings, IHC's dedicated international financial services platform ' a positioning that reflects IHC's long-term commitment to India and to Sammaan Capital as its flagship Indian financial services investment.

Sammaan Capital announced that CARE Ratings has upgraded the credit rating assigned to the long-term debt programme of Sammaan Capital by two notches to 'CARE AA+; Stable'. Further, the rating assigned to the Commercial Paper and Short-Term Non-Convertible Debentures of the Company has been reaffirmed at 'CARE A1+'. Also CARE Ratings has upgraded the rating assigned to the Company's perpetual debt instruments to 'CARE AA/Stable' from 'CARE A+'.

IHC, one of the world's largest investment companies and the most valuable listed holding company in the Middle East with a market cap approximately $32 bn, (Rs 22 lakh crore). Through its affiliate, Avenir, IHC will acquire a 41.5% stake in Sammaan Capital via a preferential allotment of equity shares and warrants for a total transaction value of $1 billion (Rs 8,850 crore). Sammaan Capital has already received an initial tranche of Rs 5,652 crore ($600 million) towards the allotment, while the remaining Rs 3,198 crore (around $338 million) will be received within 18 months upon conversion of warrants into equity shares. Additionally, a mandatory open offer will be launched to acquire up to 26% of the company's expanded share capital from public shareholders, in compliance with Indian securities regulations. Sammaan Capital aims to become one of the top three NBFCs in India in terms of assets under management (AUM) by FY2029, while achieving best-in-class return on assets (RoA) and return on equity (RoE). The company also plans to become a diversified NBFC by focusing on mid- to low-income borrowers through its expanding pan-India branch network and by offering products beyond mortgage loans, including secured and unsecured MSME loans, personal loans, business loans and gold loans. As part of its FY29 roadmap, the company plans to expand its product portfolio to over 15 loan products, increase its branch network to more than 1,500, grow its customer base beyond 50 million and expand its workforce to over 10,000 employees. Sammaan Capital will now form part of IHC's newly created financial services investment platform, Judan Financial, which aims to strengthen the group's presence across banking, insurance, asset and wealth management, capital markets, NBFCs and financial technology. Upon completion of the transaction, IHC will be classified as a promoter and will have the right to appoint a majority of the board, enabling it to play an active role in the company's strategic direction. As a strategic promoter, IHC brings substantial capital, global funding networks and institutional relationships that will meaningfully enhance Sammaan Capital's financial flexibility and support its growth ambitions. Gagan Banga, managing director & CEO of Sammaan Capital Limited, said: We formally welcome IHC as our Promoter. This partnership brings long-term, growth capital and deep global capabilities ' both of which will be instrumental in helping us scale responsibly and reinforce our leadership position in the market. Sammaan Capital (formerly known as Indiabulls Housing Finance) is engaged in the housing finance and mortgage-backed lending business. On a consolidated basis, Sammaan Capital's net profit rose 3.85% to Rs 314.08 crore while total income increased 6.87% to Rs 2,157.87 crore in Q3 December 2025 over Q3 December 2024. The scrip shed 0.03% to Rs 149.55 on the BSE.

The board of Sammaan Capital will meet on 07 April 2026 to consider and approve buyback of the USD denominated bonds, subject to applicable laws, regulatory approvals, and terms of the respective issue documents. Powered by Capital Market - Live