Sammaan Capital has released the Monitoring Agency Reports for the quarter ending September 30, 2025. The reports, issued by CRISIL Ratings Limited, concern the utilization of proceeds from the Rights Issue and Qualified Institutional Placement. Proceeds are primarily used for loan disbursements and general corporate purposes, as detailed in the report. The reports indicate full utilization of funds for specific projects.
Monitoring Agency Report Overview
Sammaan Capital Limited has submitted reports from the Monitoring Agency (MA) for Q2 2025 (July-September). These reports, prepared by CRISIL Ratings Limited, review the use of funds raised through a Rights Issue and a Qualified Institutional Placement (QIP).
Use of Proceeds
The funds raised have been primarily allocated to two key areas: disbursements of loans and for general corporate purposes. This allocation aligns with the company’s stated objectives as detailed in the offer documents.
Qualified Institutional Placement (QIP)
For the QIP, proceeds have been fully utilized, with Rs. 9,593.90 million directed towards augmenting the capital base of the company. Additionally, Rs. 3,039.06 million were utilized for general corporate purposes. As of September 30, 2025, there’s a remaining balance of Rs. 15.94 million earmarked for issue expenses. As of September 30, 2025, the balance lying in the monitoring account was Rs. 329.26 million.
Rights Issue
The net proceeds from the Rights Issue were revised to Rs. 36,134.68 million during the quarter ended March 31, 2024. Of the total net proceeds, Rs. 27,108.81 million were allocated to augmenting the company’s capital base and Rs. 8,722.22 million were allocated to general corporate purposes.
Unutilized Funds and Future Outlook
As of the end of Q2 2025, there is an unutilized amount of Rs. 303.64 million. According to the report, the unutilized funds were deposited in a monitoring account. This balance consisted of Rs. 15.94 million from the QIP and an additional allocation from the Rights Issue earmarked for future opportunities and expenses. These remaining funds are expected to be applied towards the company’s growth and strategic initiatives.
Source: BSE
