Sammaan Capital rallies for third straight session, shares surge 16% in three days

Shares of the Jaipur-based non-banking finance company (NBFC), Sammaan Capital, rallied for a third straight session on Tuesday, September 2. The stock in the last three sessions has surged as much as 16.57% to hit an intraday high of ₹137.50 on the BSE. In intraday deals on Tuesday, the stock rose as much as 9.78%. On the National Stock Exchange, Sammaan Capital shares advanced 9.86% to hit an intraday high of ₹137.80.

The stock has been witnessing buying interest ahead of its board meeting scheduled for tomorrow in which the company will consider raising funds and declaring a final dividend for the previous financial year.

"We wish to inform you that a meeting of the Board of Directors of Sammaan Capital Limited will be held on Wednesday, September 3, 2025, inter-alia, to consider and approve (a) raising of funds through the issuance of any kind(s) of debt securities, in one or more tranches, whether domestic or international, as may be considered appropriate, subject to the regulatory and/or statutory approvals, as applicable; (b) convening 20th Annual General Meeting of the Company (20th AGM); (c) shareholders’ approval, for renewal of annual authorization for issuance of secured and/or unsecured NCDs/Bonds, in one or more tranches, on private placement basis, in 20th AGM; and (d) payment of dividend, if any, on the equity shares of the Company, for the financial year 2024-25," Sammaan Capital said in a regulatory filing.

The company, however, did not specify the amount it would be raising through issuance of debt instruments.

Last week, the company informed exchanges that it made timely payment of interest in respect to Secured Redeemable Non-convertible Debentures.

Sammaan Capital formerly known as Indiabulls Housing Finance is a mortgage-focused non-banking financial company (NBFC). The company is regulated by the Reserve Bank of India (RBI), and is ‘AA/Stable’ rated by leading rating agencies CRISIL and ICRA. The company also offers loans to MSMEs/small business for working capital.

Sammaan Capital reported net profit of ₹334 crore in the first quarter of current financial year, marking an upside of 2.14% from ₹327 crore during the same period last year.

Its revenue from operations rose 9% to ₹2,400 crore in Q1 from ₹2,207 crore in the year-ago period.

As of 12:24 pm, Sammaan Capital shares traded 10% higher at ₹137.75, outperforming the BSE 500 index which was up 0.48%.