Report(s) of the Monitoring Agency for the quarter ended March 31, 2025
SAMMAANCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sammaan Capital Limited has submitted the Monitoring Agency Reports from CRISIL Ratings Limited covering two fundraises for the quarter ended March 31, 2025. For the Qualified Institutional Placement (QIP) of January 2025, the company raised Rs. 13,000 million (net proceeds Rs. 12,648.9 million) and utilized Rs. 12,632.96 million during the quarter, with Rs. 9,593.9 million deployed for augmenting its capital base (including CRE loans and retail disbursals) and Rs. 3,039.06 million for general corporate purposes. Only Rs. 15.94 million remains unutilized in the monitoring account. For the Rights Issue of February 2024 (gross issue size Rs. 36,933.98 million, net proceeds Rs. 36,134.68 million), cumulative utilization stood at Rs. 35,831.03 million — Rs. 27,108.81 million for capital augmentation and Rs. 8,722.22 million for general corporate purposes — with Rs. 303.64 million still unutilized. Both reports confirm no deviation from stated objects and full compliance with SEBI disclosure requirements.
Positive for shareholders — the reports confirm that funds raised via the QIP and Rights Issue have been deployed in line with the stated objects (capital base strengthening and general corporate purposes), with no deviations or adverse observations, indicating good governance and disciplined use of investor money by the NBFC.