Summary of Proceedings of Meeting of Secured Creditors of Sammaan Capital Limited held on Tuesday, June 10, 2025 Pursuant to directions of National Company Law Tribunal, New Delhi Bench, ....
Awaiting price reaction for this filing.
Sammaan Capital Limited held a meeting of its Secured Creditors on June 10, 2025, as directed by the NCLT New Delhi Bench, to seek approval for a Scheme of Arrangement. The scheme proposes amalgamation of six subsidiaries — Sammaan Collection Agency, Sammaan Sales, Sammaan Investmart Services, Indiabulls Capital Services, Sammaan Advisory Services, and Sammaan Insurance Advisors — into Sammaan Capital Limited under Sections 230-232 of the Companies Act, 2013. The required quorum of 144 Secured Creditors was not met initially, so the meeting was adjourned by 30 minutes and commenced at 12:31 PM. Remote e-voting was open from June 2-9, 2025, and no creditors registered as speakers. Voting results will be declared within two working days and reported to the NCLT within a week.
This is a procedural update on a corporate restructuring step and does not impact shareholders directly yet. The outcome of the secured creditors' vote will determine whether the internal consolidation of subsidiaries moves forward, which could streamline the company's structure but its effect on stock price depends on the final voting result.