Sammaan Capital Limited has submitted the Exchange a copy Srutinizers report of Court Convened General Meeting held on Jun 10, 2025. Further, the company has informed the Exchange regarding voting results.
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Sammaan Capital informed the exchanges of the outcome of the NCLT-convened meeting of equity shareholders held on June 10, 2025 via video conferencing. Shareholders approved the Scheme of Arrangement to merge six wholly-owned subsidiaries — Sammaan Collection Agency, Sammaan Sales, Sammaan Investmart Services, Indiabulls Capital Services, Sammaan Advisory Services, and Sammaan Insurance Advisors — into Sammaan Capital. Out of 672 equity shareholders who voted (representing about 21.07% of total equity share capital), 640 voted in favour, with 99.967% of polled votes backing the resolution. Public shareholders also voted overwhelmingly in favour. The scheme now awaits final sanction from the NCLT, New Delhi Bench to become effective.
This is an internal group restructuring that consolidates six subsidiaries into the listed entity, which should simplify the corporate structure and operations once NCLT approval is received. Shareholders' economic interest remains largely unchanged since the merging entities are already subsidiaries, but cleaner structure may aid governance and future strategic moves.