Sammaan Capital Ltd.SAMMAANCAPNSEFinancial Services

'This is further to our earlier intimations dated December 31, 2025, April 22, 2026 and May 7, 2026 with…

As filed · Sammaan Capital Limited has informed the Exchange regarding 'This is further to our earlier intimations dated December 31, 2025, April 22, 2026 and May 7, 2026 with respect to the proposed Scheme of A

13 Jun 2026 · 16:01 ISTDistressDeterioratingCritical

What happened

Fact

Sammaan Capital Limited has informed the Exchange regarding 'This is further to our earlier intimations dated December 31, 2025, April 22, 2026 and May 7, 2026 with respect to the proposed Scheme of Arrangement, subject to the receipt of the requisite regulatory/ statutory approvals.We wish to inform you that the NCLT, vide its order dated June 12, 2026 (hereinafter referred to as the Order ) which was uploaded on June 12, 2026 on the NCLT website, has allowed the first…

Why it matters

CapitSignal interpretation

Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.

Watch next

Fact

Admission or rejection of the application by the tribunal
Appointment of a resolution professional
Claims admitted against the company
At SCL, our unwavering commitment to Environmental, Social, and Governance (ESG) initiatives will remain a cor (management committed by FY26)
SCL has set a target of FY32 to achieve Carbon Neutral status. (management committed by FY32)

Evidence

Sammaan Capital Limited has informed the Exchange regarding 'This is further to our earlier intimations dated December 31, 2025, April 22, 2026 and May 7, 2026 with respect to the proposed Scheme of Arrangement, subject to the receipt of the requisite regulatory/ statutory approvals.We wish to inform you that the NCLT, vide its order dated June 12, 2026 (hereinafter referred to as the Order ) which was uploaded on June 12, 2026 on the NCLT website, has allowed the first motion application filed in relation to the Scheme.The NCLT vide its Order, has inter alia: (i) Dispensed with the meeting of the equity shareholders of the Demerged Company;(ii) Dispensed with the meeting of the secured and unsecured creditors of the Resulting Company and the Demerged Company;(iii) Directed convening of the meeting of the equity shareholders of the Resulting Company, for approving the Scheme through video conferencing or any other audio-visual means capable of being recorded.A copy of the Order is enclosed herewith and is also available on the website of the Company at https://www.sammaancapital.com/scheme-of-arrangement. The Company would be filing an application with the NCLT seeking certain clarifications/ modifications with respect to the above Order. '.

How CapitSignal classified this

Reasoning:: INSOLVENCY base 93; explicit insolvency/default evidence present; matched on subject
Matched on:: the filing's own subject line
Confidence in the event type:: 75%

See Sammaan Capital Ltd.’s full corporate memory →

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Sammaan Capital Ltd.SAMMAANCAPNSEFinancial Services

'This is further to our earlier intimations dated December 31, 2025, April 22, 2026 and May 7, 2026 with…

13 Jun 2026 · 16:01 ISTDistressDeterioratingCritical

What happened

Fact

Why it matters

CapitSignal interpretation

Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.

Watch next

Fact

Admission or rejection of the application by the tribunal
Appointment of a resolution professional
Claims admitted against the company
At SCL, our unwavering commitment to Environmental, Social, and Governance (ESG) initiatives will remain a cor (management committed by FY26)
SCL has set a target of FY32 to achieve Carbon Neutral status. (management committed by FY32)

Evidence

Sammaan Capital Limited has informed the Exchange regarding 'This is further to our earlier intimations dated December 31, 2025, April 22, 2026 and May 7, 2026 with respect to the proposed Scheme of Arrangement, subject to the receipt of the requisite regulatory/ statutory approvals.We wish to inform you that the NCLT, vide its order dated June 12, 2026 (hereinafter referred to as the Order ) which was uploaded on June 12, 2026 on the NCLT website, has allowed the first motion application filed in relation to the Scheme.The NCLT vide its Order, has inter alia: (i) Dispensed with the meeting of the equity shareholders of the Demerged Company;(ii) Dispensed with the meeting of the secured and unsecured creditors of the Resulting Company and the Demerged Company;(iii) Directed convening of the meeting of the equity shareholders of the Resulting Company, for approving the Scheme through video conferencing or any other audio-visual means capable of being recorded.A copy of the Order is enclosed herewith and is also available on the website of the Company at https://www.sammaancapital.com/scheme-of-arrangement. The Company would be filing an application with the NCLT seeking certain clarifications/ modifications with respect to the above Order. '.

How CapitSignal classified this

Reasoning:: INSOLVENCY base 93; explicit insolvency/default evidence present; matched on subject
Matched on:: the filing's own subject line
Confidence in the event type:: 75%

See Sammaan Capital Ltd.’s full corporate memory →