SAMMAANCAPNSESammaan Capital LimitedHighNeutral
Announced Wed, 20 May · 17:38 IST

Pursuant to Regulations 30 & 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, ( Listing Regulations ), we wish to inform you that the Board of Directors of Sammaan Capital Limited (formerly known as Indiabulls Housing Finance Limited) ( the Company ), at its meeting held today i.e. May 20, 2026, which commenced at 2:00 P.M. and concluded at 3:35 P.M., has inter alia, considered and approved the following:1. The Audited Standalone and Consolidated financial results of the Company, for the quarter and financial year ended March 31, 2026 ( Financial Results ), in terms of Regulations 33 & 52 of the Listing Regulations. The disclosures as required under Regulation 52(4) of the Listing Regulations forms part of the said Financial Results.2. As an enabling authorization, to raise funds through issuance of debentures and/or bonds and/or debt instruments and/or External Commercial Borrowings (ECBs) and/or any other non-convertible securities, by way of public offer or private placement and/or any combination thereof, in one or more tranches, secured/un-secured, listed on recognized stock exchanges in India or abroad, aggregating up to ₹10,000 Crores or its equivalent in USD or any other currency(ies), to one or more eligible investors, in the course of domestic or international offerings, as may be considered appropriate, as may be permitted under applicable laws, in India or abroad. The existing Securities Issuance and Investment Committee of the Board, has been authorised to examine, evaluate various options to raise funds in a manner most beneficial to the Company and to implement the aforementioned and take decisions on the type of offering including inter alia terms and conditions, nature of security, record date, issue size, issue price, timing of the issue, and all other matters related and incidental to the offering, subject to the regulatory and/or statutory approvals.

Pat NegativeRevenue DeclineExceptional ItemEmphasis Of MatterResults View source PDF

SAMMAANCAP · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+12.8%1-day move
₹143.60
prior close
₹148.19
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.3+3.7+2.5+3.1+12.8+17.3+17.1+20.6+23.8+24.4+21.7+24.0+13.9
Up moveDown movePending
AI summary

Sammaan Capital (formerly Indiabulls Housing Finance) reported a consolidated net loss of Rs. 7,144.56 Crores for FY26, significantly worse than the prior year loss of Rs. 1,807.46 Crores. The massive loss was driven by an exceptional item of Rs. 6,499.17 Crores from the sale of identified non-core loan exposures worth Rs. 14,953 Crores to an Asset Reconstruction Company (ARC). Total income declined to Rs. 8,190.23 Crores from Rs. 8,683.25 Crores in the prior year. The company also recognized an additional ECL Management Overlay of Rs. 1,850 Crores due to elevated macro-economic and sector-specific risks. Despite the losses, the Board authorized raising up to Rs. 10,000 Crores through various debt instruments. Major positive developments include IHC (Abu Dhabi) becoming the promoter with Rs. 8,850 Crores committed investment, and credit rating upgrades from Moody's, CRISIL, and CARE. Auditors issued an unmodified opinion with emphasis of matter on the exceptional items and management overlay.

Likely market impact

The large exceptional loss and significant management overlay provision indicate elevated asset quality stress, but the fresh capital infusion from IHC and rating upgrades provide a stronger capital base going forward. The negative PAT and revenue decline are concerning near-term, though the strategic shift toward retail assets and new promoter backing may support recovery.