StockWatch
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Housing Finance Company
Board Meeting13 Aug 2026, 06:23 pm

Sammaan Capital Board Approves Q1 FY27 Results & Management Changes

AI Summary

Sammaan Capital Limited's Board of Directors met on August 13, 2026, to approve the Unaudited Standalone and Consolidated Financial Results for Q1 FY2026-27. The meeting also saw the approval of H.E. Dalia Hazem Gamil Khorshid as an Additional Non-Executive Non-Independent Director, subject to shareholder approval. The board noted the cessation of Mr. Subhash Sheoratan Mundra as Non-Executive Chairman and Independent Director upon completion of his term on August 17, 2026, appointing Mr. Dinabandhu Mohapatra as Interim Chairman from August 18, 2026. Additionally, the company acknowledged a letter from LIC nominating Mr. P. S. Negi as its nominee director, replacing Mr. Rajiv Gupta.

Key Highlights

  • Q1 FY27 Unaudited Financial Results approved.
  • New Additional Non-Executive Non-Independent Director appointed.
  • Non-Executive Chairman completes term; Interim Chairman appointed.
  • LIC nominee director change noted; process initiated.