Sammaan Capital Limited has successfully obtained the required observation letters with ‘no adverse observations’ and ‘no objection’ from the stock exchanges regarding its proposed scheme of arrangement. This development marks a pivotal step in the consolidation plan involving the demerger of business activities between Sammaan Capital Limited and Sammaan Finserve Limited. The company is now prepared to proceed with the next phase of the process by filing the scheme with the relevant legal tribunal.
Strategic Business Consolidation
Following a board decision originally announced on December 31, 2025, the company has cleared a significant regulatory hurdle. The receipt of formal clearances from major stock exchanges on April 21 and April 22, 2026, validates the path for the proposed scheme of arrangement between Sammaan Capital Limited and Sammaan Finserve Limited.
Next Steps in the Process
With these approvals in hand, the organization is now authorized to move forward with the formal filing of the scheme before the National Company Law Tribunal (NCLT). The management confirms that the process remains on track, as the entities involved have complied with all necessary requirements. The approved scheme will focus on the efficient reorganization of the ‘Lending business’ as a going concern.
Compliance and Oversight
The company has committed to transparency throughout this transition. All mandatory disclosures, including details of ongoing proceedings and relevant project documentation, will be integrated into the final petition filed with the NCLT. Furthermore, the company will maintain updated information on its website for stakeholders to track the progress of the scheme as it moves toward final implementation.
Source: BSE
