Sammaan Capital Completes Allotment of Secured Non-Convertible Debentures via Private Placement
Sammaan Capital Limited on July 3, 2026, completed the allotment of secured, rated, listed, redeemable, non-convertible debentures (NCDs) through a private placement. The company allotted two distinct series of NCDs: Series I and Series II, as authorized by its Board resolution dated May 20, 2026, and subsequent resolutions.The allotment covered two tranches of debt financing, totaling INR 1400 Crores across both series.
Series I comprised 8,000 secured NCDs aggregating to INR 800,00,00,000 (Indian Rupees Eight Hundred Crores). Series II included 6,000 secured NCDs, also totaling INR 600,00,00,000 (Indian Rupees Six Hundred Crores), under the private placement issue.
The key details of the two series of debentures are summarized in the table below:
| Feature | Series I Debentures | Series II Debentures |
|---|---|---|
| Issue Size | INR 800 Crore | INR 600 Crore |
| Security Name | 8.03% Sammaan Capital Ltd September 2027 Series I | 8.43% Sammaan Capital Ltd February 2028 Series II |
| Type of Securities | Secured, Rated, Listed, Taxable, Redeemable, Fully Paid-up Non-Convertible Debentures | Secured, Rated, Listed, Taxable, Redeemable, Fully Paid-up Non-Convertible Debentures |
| Date of Allotment | July 3, 2026 | July 3, 2026 |
| Tenor | Original: 10 Years; Re-Issuance: 1.18 year | Original: 10 Years; Re-Issuance: 1.64 year |
| Date of Maturity | September 08, 2027 | February 22, 2028 |
| Coupon Rate | Fixed Rate 8.03% Per Annum payable Annually | Fixed rate 8.43% Per Annum payable Annually |
Security and Risk Provisions
Both Series I and Series II NCDs are secured by a charge created over the financial and non-financial assets of Sammaan Capital Limited, both present and future. This constitutes a first pari passu charge with all other secured lenders.The instruments carry specific provisions regarding security coverage. The NCDs maintain a minimum asset / security cover of 1.25 times the principal amount and interest thereon.
Illustrative Cash Flows per NCD
The company provided illustrative cash flows for each debenture series, based on a face value of INR 10,00,000 per NCD.Series I Debentures Cash Flow:
| Cash flow | Due Date | Payment date | No of Days | Amount per NCD |
|---|---|---|---|---|
| Principal | 03 July 2026 | 03 July 2026 | -1055015.0000 | |
| 1st Coupon | 08 September 2026 | 08 September 2026 | 365 | 80300.0000 |
| 2nd Coupon + Maturity | 08 September 2027 | 08 September 2027 | 365 | 1080300.0000 |
Series II Debentures Cash Flow:
| Cash flow | Due Date | Payment date | No of Days | Amount per NCD |
|---|---|---|---|---|
| Principal | 03 July 2026 | 03 July 2026 | -1020924.6164 | |
| 1st Coupon | 22 February 2027 | 22 February 2027 | 365 | 84300.0000 |
| 2nd Coupon + Maturity | 22 February 2028 | 22 February 2028 | 365 | 1084300.0000 |
SAMMAANCAP Stock Price Movement
Shares of Sammaan Capital Limited are gaining to ₹175.11 as of 12:52 PM today, pushing up by 0.67% in live trading. The equity is seeing active interest, with over 5.63 million shares traded so far in the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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