Sammaan Capital AGM 2026: ₹25,000 Cr NCD limit vote

AGM scheduled for September 30, 2026

Sammaan Capital Limited has confirmed that its 21st Annual General Meeting (AGM) will be held on Wednesday, September 30, 2026. The company is set to place key items before shareholders, including a fundraising proposal through debt instruments and routine annual approvals related to FY26 reporting. The AGM comes in a period when the company is also running a separate shareholder process for a group restructuring through an Extraordinary General Meeting (EGM).

A central item in the AGM agenda is a request for shareholder approval for an annual authorisation to issue debt instruments, including instruments eligible for Tier I and Tier II capital. The total fundraising amount under the proposed authorisation is capped at up to ₹25,000 crore. Sammaan Capital has also indicated that shareholders will be asked to adopt the audited standalone and consolidated financial statements for the year ended March 31, 2026.

What shareholders will vote on at the AGM

As part of ordinary business, shareholders will receive, consider, and adopt the audited standalone and consolidated financial statements for FY26. This also includes taking on record the reports of the Board of Directors and the Auditors for the financial year ended March 31, 2026.

Beyond routine approvals, the AGM’s primary business includes renewing the annual authorisation for issuing debt instruments that can qualify as regulatory capital under Tier I and Tier II. The company has framed the proposal as an enabling resolution that provides flexibility to raise funds when required, rather than a one-time issuance.

₹25,000 crore fundraising plan via private placements

Sammaan Capital’s board has approved seeking shareholder renewal for an annual debt-issuance limit of up to ₹25,000 crore through private placements. The company has stated that the proposed fundraising may be done in one or more tranches.

The targeted instruments include secured or unsecured non-convertible debentures (NCDs), bonds, subordinated debt, and perpetual debt. The company has described the proposal as covering secured and/or unsecured, listed issuances as well.

Mortgage-focused Sammaan Capital said on Monday, September 7, that it approved plans to raise up to ₹25,000 crore through issuance of secured and/or unsecured redeemable NCDs or bonds on a private placement basis. The fund raise, if authorised by shareholders, will be valid for one year from the date of shareholders’ authorisation at the ensuing AGM.

Why Tier I and Tier II eligible instruments matter

The AGM resolution also covers debt instruments eligible for Tier I and Tier II capital. This matters because such instruments can support a regulated lender’s capital structure, depending on the instrument type and regulatory treatment.

The company’s communication points to a renewal of an annual authorisation, indicating that similar permissions are typically sought periodically for flexibility in funding. The scope includes multiple debt formats, including subordinated and perpetual debt, which are commonly associated with capital-structure planning.

Board meeting reference and regulatory filing context

Sammaan Capital informed BSE that a meeting of its Board of Directors was scheduled on September 7, 2026 to consider and approve a proposal to seek shareholder approval for renewal of annual authorisation for issuance of debt instruments. The company has also described the board approval as a key enabling resolution.

The stated cap remains up to ₹25,000 crore and the intended route is private placement. The company has positioned this as a framework approval, allowing issuance in one or more tranches during the one-year validity period following shareholder approval.

EGM on September 10, 2026 for demerger of NBFC business

Separately from the AGM, Sammaan Capital has convened an EGM on September 10, 2026 at 11:30 AM IST via Video Conferencing/Other Audio-Visual Means (VC/OAVM). The company is seeking approval for a scheme of arrangement involving the demerger of Sammaan Finserve Limited’s NBFC business into Sammaan Capital on a going concern basis.

Under the scheme, Sammaan Capital is the “Resulting Company” and Sammaan Finserve Limited is the “Demerged Company.” The stated objective is to consolidate the group’s NBFC operations into Sammaan Capital and align the corporate structure with regulatory requirements, including RBI compliance.

A key term disclosed is that Sammaan Capital will not issue fresh equity shares for the transfer, since Sammaan Finserve is a wholly-owned subsidiary and the arrangement does not require equity consideration through new share issuance.

E-voting process, cut-off date, and meeting conduct

Sammaan Capital has stated that physical attendance is dispensed with for the September 10, 2026 EGM, and proxy appointments are not permitted. Voting is to be done through remote e-voting.

Eligibility to vote is based on equity shareholding as of the cut-off date of September 2, 2026. Remote e-voting is facilitated by KFin Technologies Limited (KFintech). The e-voting window opens on September 6, 2026 at 9:00 AM IST and closes on September 9, 2026 at 5:00 PM IST.

The company also published newspaper advertisements on August 8, 2026 in Financial Express and Jansatta to notify equity shareholders about the EGM and the electronic participation process.

Regulatory approvals for the scheme and other corporate actions

Sammaan Capital has received regulatory approvals from the exchanges for its demerger scheme with Sammaan Finserve. BSE issued “no adverse observations” on April 21, 2026, and NSE provided a “no objection” letter on April 22, 2026.

The group has also had other capital market developments in recent periods. The board approved a preferential issue of approximately ₹8,850 crore to Avenir Investment RSC Ltd, subject to shareholder and regulatory approvals, and shareholders approved the resolution at an extraordinary general meeting held on October 29, 2025.

In addition, Avenir Investment RSC Ltd’s open offer for acquiring a 26.05% stake in Sammaan Capital was reported to have zero participation, with nil equity shares tendered on April 20, 2026, and the same trend continuing for at least four consecutive days of the tendering period, as disclosed.

Debt servicing disclosure and stock snapshot

Sammaan Capital disclosed that it paid ₹91.225 crore as interest on its Secured Redeemable Non-Convertible Debentures (ISIN: INE148I07JF9) on August 5, 2026, ahead of the August 6 due date. This disclosure adds context to the company’s debt-market activity alongside the proposed expanded borrowing authorisation.

A market snapshot cited in the update shows 1-year returns of +8.38%.

Key facts at a glance

Market impact and what to track next

The ₹25,000 crore proposal is an enabling fundraising framework and does not, by itself, confirm the timing or size of any immediate issuance. For investors, the key near-term signal is whether shareholders grant the one-year authorisation at the September 30 AGM and how the company subsequently uses the headroom across tranches.

The EGM-driven scheme of arrangement is a separate, parallel shareholder decision focused on consolidating the NBFC business into Sammaan Capital. The operational significance is tied to the company’s stated aim of RBI compliance and consolidation of group NBFC operations. The disclosure that no fresh equity shares will be issued for the transfer clarifies that the demerger structure, as presented, is not framed as an equity dilution event.

The sequence of events is also important. Shareholders will vote first on the scheme at the September 10 EGM through remote e-voting, and later on the debt authorisation and FY26 accounts at the September 30 AGM.

Conclusion

Sammaan Capital is heading into two shareholder votes in September 2026: an EGM on September 10 for the NBFC demerger scheme and an AGM on September 30 for FY26 account adoption and a ₹25,000 crore annual debt-issuance authorisation. The next confirmed milestones are the close of EGM e-voting on September 9, the EGM on September 10 via VC/OAVM, and the AGM on September 30, 2026.