Sammaan Capital Limited — Others, 13-02-2025: Monitoring Agency Report

Sammaan Capital Limited has released the Monitoring Agency Report for the quarter ended December 31, 2024, confirming full compliance with the terms of the Rights Issue. The report from CRISIL Ratings Limited highlights that proceeds amounting to Rs. 36,134.68 crore have been used effectively, with no deviations from the planned objectives, which include augmenting capital for business activities and general corporate purposes. This transparency can enhance investor confidence, showcasing the company’s commitment to responsible fund utilization, which may foster a positive outlook among shareholders amid ongoing corporate development.