Sammaan Capital Limited has informed the Exchange about Copy of Newspaper Publication
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 published newspaper notices in Business Standard (English and Hindi, Delhi edition) on May 8, 2025, as required by the NCLT order dated January 27, 2025. The notice informs about separate meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors to be held on June 10, 2025 (via video conferencing) to consider a proposed Scheme of Arrangement. Under this scheme, six group companies — Sammaan Collection Agency, Sammaan Sales, Sammaan Investmart Services, Indiabulls Capital Services, Sammaan Advisory Services, and Sammaan Insurance Advisors — are proposed to be amalgamated into Sammaan Capital Limited. Remote e-voting will be open from June 2 to June 9, 2025, with cut-off dates of May 30, 2025 for shareholders and March 31, 2025 for creditors.
This is a procedural step (newspaper publication) as mandated by the NCLT before the shareholder and creditor vote on the internal restructuring. The actual outcome for the stock depends on the June 10, 2025 voting results and subsequent NCLT approval. No immediate change to business operations or shareholding structure is expected from this announcement alone.