Sammaan Capital Limited has informed the Exchange regarding Notice of Court Convened General Meeting to be held on Jun 10, 2025
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Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has called a court-convened meeting of its equity shareholders on June 10, 2025 at 3:00 PM via video conferencing. The meeting is being held as directed by the NCLT (National Company Law Tribunal), New Delhi Bench, through an order dated January 27, 2025. The purpose is to seek shareholder approval for the scheme of arrangement to amalgamate six of the company's wholly owned subsidiaries into itself. E-voting for the meeting will run from June 2 to June 9, 2025, with May 30, 2025 set as the cut-off date. KFin Technologies has been appointed as the e-voting facilitator, and the notice is available on the company's website.
This is an internal restructuring step — merging wholly owned subsidiaries into the parent simplifies the group structure. Shareholders should review the scheme and vote, as their approval is required for the amalgamation to proceed. Completion of the merger will streamline operations and reduce compliance costs, but near-term stock impact is usually limited for inter-group consolidations.