Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, has issued a corporate communication to the stock exchanges confirming the timely payment of interest on its Secured Redeemable Non-Convertible Debentures (NCDs). The company made this disclosure in accordance with Regulations 30 and 57 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, on July 24, 2025.

This announcement is in line with the SEBI Master Circular (Ref. No. SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2024/48 dated May 21, 2024), which mandates detailed disclosures around interest and redemption payments on listed debt instruments.

Confirmation of Timely Interest Payment

The company has certified that it has paid the entire interest amount due on a portfolio of listed secured NCDs. The payments were made on July 23, 2025, ahead of the scheduled due date of July 26, 2025, with the record date for interest set as July 11, 2025.

This demonstrates Sammaan Capital’s commitment to financial discipline and investor trust, especially in the debt market where timely payouts are a crucial indicator of the issuer's financial health.

Comprehensive Interest Payment Details

The interest payments covered multiple NCD tranches under various ISINs (International Securities Identification Numbers). Below is a summary of the listed debentures and corresponding interest paid:

According to the official statement issued by the company’s Company Secretary, Mr. Amit Jain, there was no change in the frequency of interest payments and no delays or reasons for non-payment reported for any of the ISINs.

Significance of Regulatory Compliance

This disclosure by Sammaan Capital aligns with the transparency and disclosure principles promoted by SEBI to safeguard debt market investors. The Listing Obligations and Disclosure Requirements (LODR) require companies to timely inform stock exchanges about their debt servicing status to ensure investor confidence and reduce the risk of defaults going unnoticed.

This timely interest payout and public confirmation are likely to enhance the credit profile of Sammaan Capital in the eyes of retail and institutional debt investors. The compliance further reinforces the company’s adherence to financial obligations amid a period of cautious optimism in India’s NBFC sector.

Transformation from Indiabulls Housing Finance to Sammaan Capital

It is worth noting that Sammaan Capital Limited was formerly known as Indiabulls Housing Finance Limited, a well-known name in the Indian housing finance space. The company has undergone a corporate rebranding and strategic shift, reflected not only in its name but also in its approach to compliance, risk management, and investor communication.

As part of the transformation, the company continues to focus on housing finance and capital lending segments, while ensuring strict adherence to regulatory frameworks such as those issued by SEBI, RBI, and the stock exchanges.

No Redemption Due This Cycle

In the same regulatory filing, the company has clarified that no redemption payments were due for this reporting period, and hence, no updates under the redemption section have been made. This clearly distinguishes that the communication pertains solely to interest obligations, which have been fulfilled in full and ahead of schedule.

Investor Confidence and Market Standing

This kind of consistent financial behaviour is crucial for non-banking financial companies (NBFCs) and housing finance firms, especially in an environment where investors have become cautious post-IL&FS crisis and DHFL default incidents.

Sammaan Capital’s transparency in disclosing the ISIN-wise payment status with exact figures, dates, and confirmation leaves little room for ambiguity and is likely to positively impact its perception among mutual funds, portfolio managers, and fixed-income investors.

Outlook Going Forward

As of July 2025, Sammaan Capital continues to be listed on both NSE and BSE under the scrip codes 535789 and 890192. The timely interest payments, absence of default flags, and regulatory compliance position the company well for future fund-raising activities, especially in the secured NCD segment.

The current disclosure is a positive signal to credit rating agencies, bondholders, and other stakeholders who rely heavily on such financial disclosures to assess the operational robustness of debt-issuing companies.

Final Note

With SEBI tightening norms around NCD transparency, especially through monthly interest servicing disclosures, Sammaan Capital’s example sets a benchmark for other issuers. Their proactive approach and full compliance ahead of the due date may help the company attract more retail and institutional participation in any future debt issuances.

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