Sammaan Capital Limited has informed the Exchange regarding 'Voting Result and Scrutinizer Report on National Company Law Tribunal, New Delhi Bench ( NCLT ), convened meeting of the Unsecured Creditors of Sammaan Capital Limited ( the Company ) held on Tuesday, June 10, 2025.For details, refer attachment.'.
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 held an NCLT-convened meeting of its unsecured creditors on June 10, 2025, to seek approval for a Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013. The scheme proposes the amalgamation of six group entities (Sammaan Collection Agency, Sammaan Sales, Sammaan Investmart, Indiabulls Capital Services, Sammaan Advisory Services, and Sammaan Insurance Advisors) into Sammaan Capital Limited. All 20 unsecured creditors who participated in the voting (representing 100% of votes cast) approved the resolution. However, only about 2.49% of the total outstanding unsecured debt value (₹97.67 crore out of ₹3,916.55 crore) was represented in the vote, as the required quorum of 22 creditors was not initially met. The NCLT-appointed scrutinizer confirmed the resolution was passed with the requisite majority.
This is an internal group-level restructuring move, not an insolvency event — the scheme still needs final NCLT sanction. Shareholders should view it as a corporate reorganization that consolidates subsidiary entities into the listed parent, with no immediate material impact on the stock price expected from this procedural approval step.