StockWatch
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Housing Finance Company
Board Meeting7 Sept 2026, 04:18 pm

Sammaan Capital to Raise ₹25,000 Cr via Debt Instruments

AI Summary

Sammaan Capital Limited announced a board meeting held on September 7, 2026, where it approved a proposal to raise funds up to ₹25,000 Crores through the issuance of secured and/or unsecured redeemable non-convertible debentures/bonds on a private placement basis. This fundraising is subject to shareholder authorization at the upcoming Annual General Meeting (AGM) and will be valid for one year. The board also approved the re-appointment of Mrs. Shefali Shah as an Independent Director for a further term of three years, effective November 14, 2026. Additionally, Mr. Sachin Chaudhary, Executive Director and COO, will retire as a Director at the ensuing AGM but will continue in his executive capacity. The Twenty First AGM is scheduled for September 30, 2026.

Key Highlights

  • Board approved raising up to ₹25,000 Cr via debt instruments.
  • Fundraising subject to shareholder approval at the upcoming AGM.
  • Re-appointment of Mrs. Shefali Shah as Independent Director approved.
  • Mr. Sachin Chaudhary to retire as Director, continues as COO.
  • AGM scheduled for September 30, 2026.