Description

BSE lists 13 series of secured redeemable NCDs from Sammaan Capital Limited with varying tenure, coupon rates, and redemption structures.

Summary

BSE has listed 13 series of Secured Redeemable Non-Convertible Debentures (NCDs) issued by Sammaan Capital Limited. The NCDs have face value of Rs. 1,000 each with varying coupon rates from 8.42% to 9.95% and different maturity periods ranging from 2 to 10 years. Total securities listed exceed 16 lakh NCDs across all series.

Key Points

  • 13 different series of NCDs with varying terms and conditions
  • Face value: Rs. 1,000 per NCD across all series
  • Coupon rates range from 8.42% to 9.95% per annum
  • Multiple payment frequencies: Annual, Monthly, and Cumulative
  • Maturity periods: 2 years (2027), 3 years (2028), 5 years (2030), 7 years (2032), and 10 years (2035)
  • Credit rating: CRISIL AA/Stable & ICRA AA/Stable
  • Market lot: One NCD
  • Allotment date: August 1, 2025

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for debt securities.

Compliance Requirements

  • NCDs must comply with standard BSE listing requirements for debt securities
  • Issuer must maintain credit rating standards
  • Regular interest payments as per specified frequencies
  • Adherence to redemption schedules for staggered redemption series

Important Dates

  • Allotment Date: August 1, 2025
  • First Interest Payment: September 1, 2025 (for monthly series) / August 1, 2026 (for annual series)
  • Maturity Dates:
    • Series I & II: August 1, 2027
    • Series IV & V: August 1, 2028
    • Series VII, VIII & IX: August 1, 2030
    • Series X & XI: August 1, 2032
    • Series XII & XIII: August 1, 2035

Impact Assessment

This listing provides investors with diverse fixed-income investment options across different risk-return profiles and time horizons. The staggered redemption structure in longer-tenure series (7-10 years) offers periodic liquidity. The high credit ratings (AA/Stable) indicate relatively lower credit risk, making these suitable for conservative debt investors seeking regular income.

Impact Justification

Large-scale NCD listing with multiple series providing debt investment options but limited to specific issuer