Description
BSE has notified trading members to suspend dealing in five Non-Convertible Debentures of Sammaan Capital Limited effective March 11, 2026, due to record date fixed for redemption and interest payment.
Summary
BSE has directed trading members to suspend all dealings in five Non-Convertible Debentures (NCDs) of Sammaan Capital Limited with effect from March 11, 2026. The company has fixed March 11, 2026 as the record date for redemption of debentures and payment of interest across all five NCD series.
Key Points
- Trading in five NCD series of Sammaan Capital Limited is suspended from March 11, 2026
- All five series are being redeemed on the same record date (March 11, 2026)
- Interest payment accompanies redemption for all series
- Notice reference: DR-837/2025-2026
- Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No new regulatory changes introduced. This is an operational notice under existing BSE debt market suspension-of-trading framework for debentures approaching redemption.
Compliance Requirements
- Trading members must not deal in any of the five listed NCD series of Sammaan Capital Limited from March 11, 2026 onwards
- Members must take note of the no-dealings directive and ensure compliance across all client and proprietary positions
Important Dates
- Notice Date: March 09, 2026
- Record Date / No Dealings From: March 11, 2026 (applicable to all five NCD series)
Impact Assessment
| Scrip Name | ISIN | BSE Code | Purpose |
|---|---|---|---|
| SC-9.25%-26-3-26-NCD | INE148I07SA1 | 939339 | Redemption + Interest |
| SCL-9.65%-26-3-26-NCD | INE148I07SD5 | 939341 | Redemption + Interest |
| SCL-8.88%-26-3-26-NCD | INE148I07SB9 | 939343 | Redemption + Interest |
| SCL-9.25%-26-3-26-NCD | INE148I07SC7 | 939345 | Redemption + Interest |
| SCL-ZC-26-3-26-NCD | INE148I07SF0 | 939347 | Redemption + Interest |
The simultaneous redemption of five NCD series represents a significant liquidity event for Sammaan Capital Limited’s debt obligations. Holders of these debentures will receive redemption proceeds and final interest payments on or around the record date. Secondary market trading in these instruments is effectively terminated from March 11, 2026. The zero-coupon series (SCL-ZC-26-3-26-NCD) will return face value without a separate interest component.
Impact Justification
Immediate suspension of trading in five NCD series effective March 11, 2026 directly impacts holders and traders of Sammaan Capital debentures; full redemption of multiple series represents significant debt market event.