Sammaan Capital Limited announced its financial performance for the quarter and year ended March 31, 2026. The company has officially transitioned into an IHC Group Company following a significant ₹8,850 crore strategic investment by Avenir Investment RSC Ltd. Despite reporting a consolidated net loss of ₹7,144.56 crore for the fiscal year, primarily due to exceptional items, the company is actively executing a strategic transformation aimed at increasing its retail asset portfolio.
Financial Highlights for FY2026
For the fiscal year ended March 31, 2026, Sammaan Capital reported a consolidated total income of ₹8,190.23 crore. The company recognized ₹6,499.17 crore in exceptional items during the year, largely stemming from a strategic change in its business model for ₹14,953 crore of non-core exposures. These assets, previously categorized as ‘Hold to Collect’, were reclassified to ‘Hold to Sell’ and recognized at fair value, leading to the substantial one-time loss.
Strategic Transformation and IHC Partnership
A significant highlight of the year was Sammaan Capital’s transition into an IHC Group Company. Following a ₹8,850 crore strategic investment and open offer by Avenir Investment RSC Ltd, Abu Dhabi-based International Holding Company (IHC) has emerged as the promoter and controlling shareholder. This partnership marks one of the largest foreign direct investments in the Indian non-banking financial company (NBFC) sector, positioning the company as the anchor for IHC’s financial services platform in India.
Asset Quality and Business Model Shift
In line with its strategic transformation, Sammaan Capital has shifted its focus toward increasing the proportion of retail assets in its loan book. To facilitate this, the company proactively addressed its non-core portfolio by selling exposures to an Asset Reconstruction Company (ARC) and implementing other recovery mechanisms. Additionally, the company has recognized an additional ₹1,850 crore in ECL (Expected Credit Loss) Management Overlay to prudently manage risks in the current macro-economic environment, ensuring a stronger balance sheet going forward.
Capital Raising and Market Confidence
Market confidence in the company’s long-term strategy remains robust, evidenced by several credit rating upgrades. Both CRISIL and CARE have upgraded the company’s long-term debt programme to AA+/Stable, reflecting strengthened capitalization. Furthermore, the company has successfully raised funds, including ₹1,215 crore through non-convertible debentures and significant equity capital through preferential issues to its new promoter, demonstrating strong investor appetite for its future growth trajectory.
Source: BSE
