Sammaan Capital has announced its 21st AGM for September 30, 2026, where shareholders will vote on a massive ₹25,000 crore NCD issuance plan. The company reported a loss of ₹7,597.5 crore for FY26, citing strategic provisioning and loan reclassifications. Investors will also track key board changes, including a new promoter-representative appointment and the retirement of a whole-time director.
Sammaan Capital to Seek Shareholder Nod for ₹25,000 Crore Debt Plan
Sammaan Capital Limited reported an FY26 loss of ₹7,597.5 crore alongside a proposal to authorize a ₹25,000 crore debt issuance limit.
Reader Takeaway: AGM focuses on vital ₹25,000 crore debt-renewal, despite a difficult fiscal year characterized by heavy provisioning.
What just happened
Sammaan Capital has called its 21st Annual General Meeting for September 30, 2026, via video conferencing. The agenda includes the adoption of financial results, a renewal of borrowing limits for non-convertible debentures (NCDs) up to ₹25,000 crore, and specific board appointments.
Why this matters
The proposal to renew the debt issuance limit is critical for the firm's liquidity and operational funding in the coming year, especially as it navigates a significant loss-making year. With outstanding NCDs at ₹28,501 crore as of March 2026, the renewal ensures the company maintains its access to the capital markets.
The backstory
The company shifted from a profit of ₹942.7 crore in FY25 to a loss of ₹7,597.5 crore in FY26. Management attributes this performance to a proactive cleanup of the balance sheet, including aggressive loan reclassifications and the creation of management overlay provisions under the new guidance of promoter Avenir Investment RSC Ltd.
Governance and Board Changes
The board is seeing a transition, with Whole-Time Director Sachin Chaudhary retiring by rotation. Additionally, H.E. Dalia Hazem Gamil Khorshid has joined as a Non-Executive Non-Independent Director, representing the Abu Dhabi-based promoter group. Mrs. Shefali Shah is slated for re-appointment as an Independent Director for a second term.
Context metrics
The company’s total revenue for FY26 stood at ₹7,546.1 crore compared to ₹7,671.1 crore in the previous year. While the bottom line has been impacted, the company reports that credit ratings have improved across agencies like CRISIL, CARE, and ICRA following its transition into a professionally managed institution.