Sammaan Capital Limited has reached a critical regulatory milestone by receiving the Reserve Bank of India’s ‘no objection’ for the proposed scheme of arrangement. The plan involves the transfer of the NBFC business from Sammaan Finserve Limited to Sammaan Capital Limited. This development follows earlier approvals from major stock exchanges and paves the way for the next stages of the restructuring process, pending further statutory and shareholder clearances.
Key Regulatory Milestone Reached
On May 7, 2026, Sammaan Capital Limited officially announced that it has received the ‘no objection’ letter from the Reserve Bank of India regarding its internal corporate restructuring. This approval is a foundational step in the proposed scheme of arrangement involving the transfer of the NBFC business from Sammaan Finserve Limited to Sammaan Capital Limited.
Context and Previous Approvals
The company board first approved the scheme on December 31, 2025. Prior to the recent update from the central banking authority, the organization secured necessary clearances from BSE Limited on April 21, 2026, and the National Stock Exchange of India Limited on April 22, 2026. These collective milestones underscore the progression of the business reorganization strategy.
Next Steps for Implementation
While the receipt of the central bank’s consent is a significant achievement, the implementation of the scheme remains subject to other essential formalities. The company must still obtain final approvals from the National Company Law Tribunal (NCLT), as well as the formal consent of its shareholders and creditors. The management expects to proceed with these remaining legal requirements to finalize the transition.
Source: BSE
