Submission of Voting Result and Scrutinizer Report on National Company Law Tribunal, New Delhi Bench, convened meeting of the Unsecured Creditors of Sammaan Capital Limited held on Tuesday, ....
Awaiting price reaction for this filing.
Sammaan Capital Limited held an NCLT-convened meeting of its unsecured creditors on June 10, 2025, to vote on a Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013. The scheme proposes the amalgamation of six transferor companies (Sammaan Collection Agency, Sammaan Sales, Sammaan Investmart Services, Indiabulls Capital Services, Sammaan Advisory Services, and Sammaan Insurance Advisors) into Sammaan Capital Limited. All 20 unsecured creditors who participated (representing ₹97.68 crore in outstanding debt, or 2.49% of total unsecured debt of ₹3,916.55 crore) voted 100% in favour of the scheme. The resolution was declared passed with the requisite three-fourths majority. The scheme still requires final sanction from the NCLT before it can take effect.
This is a procedural milestone in an internal group restructuring that consolidates six subsidiaries into the listed entity. With unsecured creditor approval secured, the scheme moves closer to NCLT sanction. No immediate material financial impact for shareholders, though successful completion would simplify the corporate structure.