Submission of Voting Results and Scrutinizer Report on National Company Law Tribunal, New Delhi Bench, convened meeting of the secured creditors of Sammaan Capital Limited held on Tuesday, ....
Awaiting price reaction for this filing.
Sammaan Capital Limited held an NCLT-convened meeting of secured creditors on June 10, 2025, via video conferencing, to vote on a Scheme of Arrangement. The scheme seeks to merge six group companies (Sammaan Collection Agency, Sammaan Sales, Sammaan Investmart Services, Indiabulls Capital Services, Sammaan Advisory Services, and Sammaan Insurance Advisors) into Sammaan Capital Limited. Out of 322 secured creditors on record, 16 attended the meeting and 26 voted in total, representing an outstanding debt value of approximately Rs 20,506 crore against a total secured debt of Rs 3,60,470 crore (56.887% participation). All 26 secured creditors voted unanimously in favour of the resolution, with no votes against and no invalid votes.
This is a procedural step toward the internal restructuring and consolidation of group entities. Unanimous approval from secured creditors removes a key hurdle for the scheme, though further NCLT and regulatory approvals are still needed before the merger becomes effective. The stock price is unlikely to see a major reaction as this was largely expected.