Sammaan Capital Confirms Timely NCD Interest Payment

Payment Details

Sammaan Capital Limited has confirmed the timely payment of interest on its Secured and Unsecured Redeemable Non-Convertible Debentures (NCDs). The total interest disbursed was ₹11.50 lakh (₹0.12 crore). Payments were made for NCDs with ISINs INE148107KP6 (₹8.13 lakh) and INE148108348 (₹3.37 lakh). The interest, due on April 21, 2026, was paid on April 24, 2026.

Why this matters

For investors holding Sammaan Capital's NCDs, this confirmation highlights the company's commitment to its debt obligations. Consistent debt servicing is vital for maintaining creditworthiness and investor confidence, particularly for Non-Banking Financial Companies (NBFCs) that rely on debt instruments for capital.

Company Background

Sammaan Capital Limited, formerly Indiabulls Housing Finance Limited, is a mortgage-focused non-banking financial company (NBFC) regulated by the RBI. It focuses on housing finance, loans against property, and MSME lending, managing substantial assets. The company has historically issued NCDs to raise capital for its operations. Sammaan Capital recently saw a change in ownership under Abu Dhabi's International Holding Company (IHC), indicating a strategic shift towards diversification. Despite ongoing regulatory and legal investigations linked to its former promoters, the company has consistently made timely debt payments.

What changes now

This interest payment confirms Sammaan Capital's operational ability to meet its immediate debt servicing commitments and reinforces its adherence to SEBI regulations for listed debt instruments. The timely payment helps maintain its credit rating and reputation with debenture holders and the market.

Risks to watch

The company faces ongoing regulatory and legal investigations related to its former promoters. Adverse outcomes from these could pose future risks.

Peer comparison

Sammaan Capital operates in the NBFC segment where NCD issuance is common. Competitors like Bajaj Finance, Shriram Finance, and Muthoot Finance are also active issuers. These companies often offer competitive NCD interest rates, typically higher than bank fixed deposits, to attract investors and capital.

Key Financials

The company reported a balance sheet size of ₹0.70 trillion as of March 31, 2025. Its consolidated Assets Under Management (AUM) were ₹65,261 crore as of September 30, 2024. The recent interest payment of ₹11.50 lakh is on debentures, against this substantial balance sheet.

What to track next

• Continued adherence to all scheduled debt servicing obligations for outstanding NCDs.
• Developments concerning the ongoing regulatory and legal investigations into its former promoters.
• Announcements on capital raising or strategic financial management.
• The company's performance and financial health in upcoming quarterly results.
• Future NCD issuances and their terms, indicating market confidence and funding strategies.