Sammaan Capital Limited Receives 'No Objection' From Stock Exchanges for Proposed Scheme of Arrangement
Sammaan Capital Limited announced receipt of positive observation letters from both BSE Limited and the National Stock Exchange of India Limited concerning its proposed scheme of arrangement. The clearances are set to facilitate the company's demerger process involving Sammaan Finserve Limited.The scheme details a demerger involving Sammaan Finserve Limited (SFL), which is the transferor company, and Sammaan Capital Limited (SCL), which is the transferee company. The core objective of the arrangement is the demerger of the "Lending business" of SFL as a going concern from SFL to SCL, involving their respective shareholders and creditors.
The company's progress towards the arrangement is marked by the successful receipt of official confirmation from the two major stock exchanges.
Stock Exchange Observations Details
The observation letters provide confirmation regarding the scheme of arrangement, as required under the provisions of the Companies Act, 2013. The approvals are summarized below:
| Exchange | Observation Status | Date Received |
|---|---|---|
| BSE Limited | 'No adverse observations' | April 21, 2026 |
| National Stock Exchange of India Limited (NSE) | 'No objection' | April 22, 2026 |
The receipt of these observation letters, which confirm the scheme of arrangement process, is expected to enable Sammaan Capital Limited to proceed with filing the scheme before the National Company Law Tribunal (NCLT).
The arrangement is proceeding under Sections 230 to 232 read with Section 52, Section 66, and other applicable provisions of the Companies Act, 2013.
The observation letters validate the proposed structure for the transfer of the lending business and represent a key step in the company's corporate restructuring.
SAMMAANCAP Stock Price Movement
Sammaan Capital Limited shares today slipped by 1.23% to settle at ₹146.75. The stock witnessed significant activity, trading on a volume of 16.04 million shares.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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