Sammaan Capital Limited has informed the Exchange regarding Appointment of Mr. Alwyn Dinesh Crasta as an Additional Non-Executive Non-Independent Director of the Company w.e.f. May 15, 2026.For details refer attachment.
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International Holding Company PJSC (IHC) has completed its open offer and acquired control of Sammaan Capital, making IHC the new promoter and controlling shareholder effective May 15, 2026. IHC is a USD 232 billion market cap listed investment company with assets of USD 117 billion, present in 100+ countries. In connection with this change, the board has appointed Mr. Alwyn Dinesh Crasta as an Additional Non-Executive Non-Independent Director. Mr. Crasta is the Group CFO of IHC PJSC, Abu Dhabi, with over 25 years of experience across financial services, supply chain, agriculture, and investments. The appointment is for 5 years and is subject to shareholder approval, with RBI approval already obtained.
The appointment of IHC's Group CFO as a director signals strong promoter involvement in the company's governance and operations, which could boost market confidence given IHC's scale and financial strength, but also means significant insider influence on the board.