In continuation of our earlier intimation dated January 27, 2025, in the matter, pursuant to Regulation 30 and 51 of SEBI Listing Regulations, Notice is hereby given that meeting of Secured ....
Awaiting price reaction for this filing.
Sammaan Capital has informed the exchanges about a meeting of its secured creditors scheduled for Tuesday, June 10, 2025 at 12:00 noon, to be held via video conferencing. The meeting has been ordered by the NCLT New Delhi Bench as part of the scheme to merge six wholly owned subsidiaries into the company. E-voting will be open from June 2 to June 9, 2025, with the cut-off date set as March 31, 2025. KFin Technologies has been appointed to facilitate the remote e-voting and virtual meeting process. This is a continuation of the company's earlier intimation dated January 27, 2025 regarding the same matter.
The outcome of this secured creditors' meeting is a key step before the proposed amalgamation of six subsidiaries can proceed. Shareholders should watch for the voting results, as approval will move the consolidation plan forward, which could streamline operations and reduce costs but may also affect the company's capital structure.