Sammaan Capital Limited (SAMMAANCAP) — Corporate Action

📢 Key Event
NCLT approves Sammaan Capital's scheme of arrangement for demerger of Sammaan Finserve.

🔄 What Changed
Virtual meeting required for equity shareholders of Resulting Company; electronic voting permitted.

💡 Investor Takeaway
Shareholders must attend the virtual meeting to approve the demerger scheme.

Sammaan Capital Limited announced that the National Company Law Tribunal approved its scheme of arrangement on June 12, 2026, enabling the demerger of its wholly owned subsidiary Sammaan Finserve Limited. The order dispenses with most creditor and shareholder meetings but requires a virtual meeting of the Resulting Company's equity shareholders for scheme approval. Electronic voting and email or courier notice dispatch are permitted, with public notices in Business Standard editions. The restructuring transfers assets and liabilities, including listed non-convertible debentures, to Sammaan Capital without altering terms, aiming to strengthen capital and focus on NBFC operations.

📄 View Original Announcement (PDF)

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