Description

BSE announces listing of multiple series of secured NCDs by Sammaan Capital Limited with various tenures and coupon rates ranging from 8.42% to 9.95%.

Summary

BSE has listed secured redeemable non-convertible debentures (NCDs) of Sammaan Capital Limited across 13 different series with varying tenures from 2 to 10 years. The NCDs have face value of Rs. 1,000 each with coupon rates ranging from 8.42% to 9.95% and different payment frequencies (annual, monthly, cumulative).

Key Points

  • Total 13 series of NCDs listed with different ISIN codes
  • Face value: Rs. 1,000 per NCD across all series
  • Coupon rates range from 8.42% to 9.95% per annum
  • Payment frequencies: Annual, Monthly, and Cumulative
  • Tenures: 2 years (Series I-II), 3 years (Series III-VI), 5 years (Series VII-IX), 7 years (Series X-XI), and 10 years (Series XII-XIII)
  • Credit rating: CRISIL AA/Stable & ICRA AA/Stable
  • Market lot: One NCD
  • Date of allotment: August 1, 2025

Regulatory Changes

No specific regulatory changes mentioned in this listing circular.

Compliance Requirements

  • NCDs are secured instruments backed by appropriate collateral
  • Staggered redemption structure for longer tenure series
  • First interest payment dates vary by series (August/September 2025)
  • Compliance with BSE listing requirements for debt securities

Important Dates

  • Date of Allotment: August 1, 2025
  • First Interest Payment: August 1, 2026 (annual series) / September 1, 2025 (monthly series)
  • Maturity Dates: Range from August 1, 2027 to August 1, 2035
  • Redemption: Staggered redemption for Series VII onwards starting from 3rd anniversary

Impact Assessment

The listing provides investors with diversified debt investment options across different risk-return profiles and tenures. The AA credit rating indicates relatively lower credit risk, making these instruments suitable for conservative debt investors seeking regular income. The staggered redemption structure for longer tenure series helps in managing reinvestment risk for investors.

Impact Justification

New debt instrument listing provides additional investment options for investors with various tenure and yield profiles