Sammaan Capital Limited — Others, 14-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Sammaan Capital Limited has announced a board meeting that approved the financial results for the quarter and half-year ending September 30, 2024. The company reported total income of ₹4,661.44 crore, a loss before tax of ₹(3,684.95) crore, and a comprehensive loss of ₹(2,559.51) crore. The substantial growth in impairment on financial instruments indicates ongoing challenges in asset quality and credit risk management. Investors may view the results as a potential risk but should monitor improvement in future performances, considering the company’s intention to enhance its funding and lending operations.