Sammaan Capital Limited has reported its financial results for the quarter and year ended March 31, 2026. The company, which recently transitioned into an IHC Group Company, reported an annual loss after tax of ₹7,144.56 crore. Additionally, the company secured approval to raise up to ₹10,000 crore through various debt instruments to support its growth strategy. The results reflect significant strategic shifts, including the reclassification of non-core loan assets and enhanced capital efforts.
Quarterly and Annual Financial Overview
For the quarter ended March 31, 2026, Sammaan Capital recorded a consolidated net loss of ₹8,101.41 crore. For the full fiscal year ended March 31, 2026, the consolidated net loss stood at ₹7,144.56 crore. The financial statements include the impact of a strategic change in the business model for identified non-core assets, which resulted in an exceptional loss item of ₹6,499.17 crore.
Strategic Transformation and Funding
During the final quarter, Sammaan Capital officially transitioned into an IHC Group Company following a major strategic investment and open offer by Avenir Investment RSC Ltd, a firm controlled by International Holding Company PJSC (IHC). This move marks a significant FDI investment in the Indian NBFC sector, with a committed investment of ₹8,850 crore.
To further support its long-term transformational strategy, the Board has authorized the company to raise up to ₹10,000 crore. This funding will be executed through the issuance of debentures, bonds, or other debt instruments, providing the flexibility needed for future domestic or international offerings.
Business Model Realignment
The company has proactively reclassified a pool of non-core exposures totaling ₹14,953 crore from ‘Hold to Collect’ to ‘Hold to Sell.’ This decision aims to improve the company’s asset-liability management and increase the proportion of retail assets within its overall loan book. As part of its commitment to quality, the company has also written off specific non-recoverable exposures to achieve Zero NPA status.
Credit Rating Upgrades
Sammaan Capital’s transformation has been recognized by major credit agencies. Subsequent to the quarter end, CRISIL upgraded the company’s long-term debt programme to AA+/Stable. Similarly, CARE upgraded the long-term debt programme to AA+; Stable and improved the rating for the company’s perpetual debt instruments to AA/Stable, signaling improved market confidence.
Source: BSE
