Sammaan Capital Limited — Important, 19-06-2025: Updates

Sammaan Capital Limited has allotted secured, listed, rated non-convertible debentures (NCDs) totaling Rs. 285 Cr via private placement. The issues carry coupon rates between 9.45% and 9.75% with tenors of 3 to 10 years. The NCDs are backed by a charge over company assets with a minimum security cover of 1.1x principal plus interest. Interest is payable annually, and delayed payments attract an additional 2% p.a. over the coupon rate. This move strengthens the company’s debt profile with medium to long-term funding.