Sammaan Capital Limited — Important, 16-01-2025: Updates

In the recent quarter, Sammaan Capital Limited has reported notable progress in collections from its legacy book. Key events include the sale of five premium apartments in Central Mumbai for an average of ₹72 Cr each, generating ₹175 Cr already and unlocking an estimated ₹1,000 Cr in future collections. Additionally, accelerated collections from a super-luxury project in South Mumbai are projected to yield around ₹1,000 Cr by March 2025, with the first tranche already received. Other significant developments include a ₹220 Cr recovery from a repossessed property and favorable court judgements unlocking about ₹750 Cr in the NCR region. The company surpassed its targeted collection of ₹3,750 Cr in Q3 FY2025, achieving over ₹3,900 Cr and building on ₹5,864 Cr for H1 FY2025. Given the supportive real estate market and robust collection trends, positive outlook for a faster run-down of the legacy loan book seems likely.