SAMMAANCAPNSESammaan Capital LimitedHighNeutral
Announced Thu, 7 May · 21:34 IST

Sammaan Capital Limited has informed the Exchange regarding 'In continuation to our earlier intimation dated December 31, 2025 informing about the decision taken by the Board of Directors of the Company approving the proposed Scheme of Arrangement between the Demerged Company, i.e. SFL and the Resulting Company, i.e. SCL and their respective shareholders and creditors under Sections 230 to 232 read with Section 52, Section 66 and other applicable provisions of the Companies Act, 2013 and the rules framed thereunder, subject to the receipt of the requisite regulatory/ statutory approvals. We further refer to our subsequent intimation dated April 22, 2026 informing about the receipt of observation letter with no adverse observations from BSE Limited on April 21, 2026, and observation letter with no objection from the National Stock Exchange of India Limited on April 22, 2026.In this regard, we would like to inform you that the Company has received a letter dated May 7, 2026 from RBI whereby RBI has accorded its no objection for the Scheme, subject to certain conditions as specified therein. The said approval from RBI is a key regulatory milestone for the implementation of the said Scheme. The Scheme remains subject to various statutory and regulatory approvals inter alia including approvals from the National Company Law Tribunal, the respective shareholders and creditors of the companies involved in the Scheme, as may be required. We request you to take this on record, and to treat the same as compliance with the applicable provisions of the SEBI LODR Regulations.'.

Demerger Ratio AnnouncedNclt Scheme FiledStrategic Transactions View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-4.2%1-day move
₹151.90
prior close
₹152.75
base price
After-mkt
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AI summary

Sammaan Capital Limited has received RBI's 'no objection' on May 7, 2026 for a proposed Scheme of Arrangement involving the demerger of NBFC business from Sammaan Finserve Limited (SFL/Demerged Company) into Sammaan Capital Limited (SCL/Resulting Company). This follows earlier approvals from BSE (no adverse observations on April 21, 2026) and NSE (no objection on April 22, 2026). The RBI approval is a key regulatory milestone but the scheme remains subject to further approvals from NCLT and the respective shareholders and creditors of the companies involved. The RBI has granted its no-objection subject to certain conditions as specified in its letter.

Likely market impact

Shareholders should note that while this RBI approval removes a major regulatory hurdle, the scheme is not yet complete. The demerger will restructure the NBFC businesses and shareholders of SFL will receive shares in SCL upon completion.