Sammaan Capital Limited — Important, 28-03-2025: Updates

Sammaan Capital Limited has allotted 14,500 Secured, Rated, Listed, Taxable, Redeemable Non-Convertible Debentures (NCDs) with a face value of Rs. 1 lakh each, totaling Rs. 145 Crore. These debentures will carry a coupon rate of 9.75% per annum, payable annually, with maturity set for April 12, 2028. The proceeds from this private placement will aim to strengthen the company’s financial position.

The NCDs will be secured by hypothecation on both financial and non-financial assets, offering a minimum asset cover of one time on the principal amount and interest. They are expected to be listed on leading stock exchanges, providing liquidity for investors. The structure includes specific cash flow schedules for interest payments and principal redemption, enhancing the investment's appeal. Shareholders should monitor the security coverage and terms closely, while the fixed coupon rate positions the debentures as an attractive option in the current market environment.