Sammaan Capital Limited has reported its financial results for the quarter and year ended March 31, 2026. The company, now operating as an IHC Group entity, faced a consolidated net loss of ₹8,101.41 crore for the quarter. Amidst a strategic transformation, the company secured approval to raise up to ₹10,000 crore through various debt instruments and finalized major preferential allotment of securities to Avenir Investment RSC Ltd.
Financial Performance Overview
For the fourth quarter ended March 31, 2026, Sammaan Capital reported a consolidated total income of ₹1,361.32 crore, compared to ₹2,132.45 crore in the same quarter of the previous year. The consolidated net loss for the quarter stood at ₹8,101.41 crore. The annual performance reflected the company’s shift in business model, with a year-to-date consolidated net loss of ₹7,144.56 crore.
Strategic Business Transformation
The company has undergone a significant transition, formally becoming an IHC Group Company following a strategic investment by Avenir Investment RSC Ltd. As part of its long-term transformational strategy to increase retail asset exposure, the Board approved the reclassification of ₹14,953 crore in identified non-core loan exposures and investments to be actively resolved through Asset Reconstruction Companies (ARCs) and other recovery mechanisms. This reclassification resulted in an exceptional item loss of ₹6,499.17 crore for the year.
Fundraising and Capital Initiatives
To support its ongoing growth and transformational strategy, the Board has provided enabling authorization to raise up to ₹10,000 crore through debentures, bonds, or External Commercial Borrowings (ECBs). Furthermore, the company successfully allotted a substantial number of equity shares and warrants to Avenir Investment RSC Ltd in a preferential issue. The company’s credit profile has also seen positive momentum, with CRISIL upgrading its long-term debt programme rating to AA+/Stable and CARE similarly upgrading its long-term debt and perpetual debt instruments.
Future Outlook
Sammaan Capital has achieved Zero NPA status by writing off stage III non-recoverable exposures. With IHC as the promoter, the company aims to leverage global expertise to strengthen its position as a leading Indian financial services provider. The company continues to focus on its core mortgage-backed lending business, supported by a healthy capital base and improved market confidence.
Source: BSE
