Sammaan Capital Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
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Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) held its 20th Annual General Meeting on September 29, 2025 via video conferencing, from 11:00 AM to 12:35 PM. Chairman Subhash Sheoratan Mundra and MD & CEO Gagan Banga addressed shareholders, with Banga covering FY25 performance, growth of subsidiary Sammaan Finserve, asset-light expansion, liquidity position, dividend update, and future outlook. Five resolutions were transacted: adoption of FY25 audited financials, reappointment of Gagan Banga (who retires by rotation), approval to issue debentures up to ₹30,000 Crores on private placement, appointment of M/s Neelam Gupta & Associates as Secretarial Auditors for five years (FY26–FY30), and remuneration for Non-Executive Directors. The joint statutory auditors' and secretarial audit reports contained no qualifications or adverse remarks. Voting results will be declared by October 1, 2025.
Routine AGM proceedings — no major surprises for shareholders. The ₹30,000 Crore debenture issuance limit is a standard refinancing/capital-raising request, not a new fundraising announcement. Clean audit reports are a positive signal. Investors should await the voting results on October 1 and any management commentary on dividend specifics.