Indiabulls Housing Finance Ltd

Sammaan Capital Limited's Securities Issuance and Investment Committee has approved a tender offer to purchase up to US$18,000,000 of its outstanding U.S.$350,000,000 9.70% Senior Secured Social Bonds due 2027. This initiative is part of the company's ongoing liability management program aimed at rebalancing obligations, enhancing maturity alignment, and reducing funding costs. The company intends to continue evaluating buybacks of its USD-denominated bonds to optimize its overall cost of funds, supported by improving credit ratings. The tender offer memorandum and dealer manager agreement have also been approved.

Sammaan Capital Ltd has announced that its Securities Issuance and Investment Committee will meet on or after July 20, 2026. The primary agenda item is to consider and potentially approve a proposal for the buyback of the company's USD denominated bonds. This decision is subject to applicable laws, regulatory approvals, prevailing market conditions, and the terms outlined in the respective issue documents.

Sammaan Capital Ltd announced that the National Company Law Tribunal (NCLT) has allowed its clarification application regarding the proposed Scheme of Arrangement. This follows an earlier NCLT order on June 12, 2026, which permitted the first motion application. The clarification order, dated July 10, 2026, modifies specific paragraphs of the previous order, particularly concerning the conduct of shareholder meetings for Sammaan Finserve Limited (Demerged Company) and Sammaan Capital Limited (Resulting Company). The modifications include allowing electronic voting for equity shareholders of the Resulting Company and adjustments to quorum provisions.

Sammaan Capital Limited has allotted 8,000 secured, rated, listed, redeemable, non-convertible debentures (Series I) aggregating to ₹800 Crores and 6,000 non-convertible debentures (Series II) aggregating to ₹600 Crores. The allotment was made on a private placement basis on July 3, 2026, following board authorization and a resolution from the Securities Issuance and Investment Committee. Series I NCDs carry a coupon rate of 8.03% per annum and mature on September 8, 2027. Series II NCDs have a coupon rate of 8.43% per annum and mature on February 22, 2028. The debentures are secured by a charge on the company's financial and non-financial assets, with a minimum asset cover of 1.25 times.

Sammaan Capital Ltd announced that the National Company Law Tribunal (NCLT) has allowed the first motion application related to a proposed Scheme of Arrangement. The NCLT order, dated June 12, 2026, dispensed with meetings for equity shareholders of the Demerged Company and secured/unsecured creditors of both companies. However, a meeting of the equity shareholders of the Resulting Company (Sammaan Capital Ltd) will be convened to approve the scheme. The company plans to seek clarifications from the NCLT regarding the order.

Avenir Investment RSC Ltd acquired 41,110 shares of Sammaan Capital Limited through an open offer, representing 0.003% of the equity and fully diluted capital. Additionally, 33,00,00,111 shares were transferred from an escrow account to Avenir's demat account, constituting 28.5% of the equity capital and 21.4% of the fully diluted capital. Post-acquisition, Avenir's total holding stands at 63,67,31,756 shares, representing 43.4% of the equity capital and 41.3% of the fully diluted capital.

Sammaan Capital Ltd re-uploaded the Earnings Update for the quarter and financial year ended March 31, 2026, due to a typographical error in slides 17 and 20. The corrected version has been submitted to the stock exchanges for their records. IHC's current equity ownership stands at 28.5% and will own 43.5% after warrant conversion.

Sammaan Capital Ltd's board approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board also authorized raising up to ₹10,000 Crores through debentures, bonds, debt instruments, ECBs, or other non-convertible securities. Auditors issued unmodified opinions on the financial statements. The company confirmed no deviation in the utilization of proceeds from the issue of equity shares and NCDs.

Sammaan Capital Ltd (formerly Indiabulls Housing Finance Limited) approved its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board also authorized raising up to ₹10,000 Crores through debentures, bonds, debt instruments, ECBs, or other non-convertible securities via public or private placement. The fundraise can be in INR, USD, or other currencies, and the Securities Issuance and Investment Committee is authorized to finalize the terms.

Sammaan Capital Ltd (formerly Indiabulls Housing Finance Limited) has approved its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board also approved raising funds up to ₹10,000 Crores through debentures, bonds, debt instruments, ECBs, or other non-convertible securities via public or private placement. The fundraise can be in INR, USD, or other currencies, subject to regulatory approvals.