Shares of Sammaan Capital rebounded sharply today after the company issued a detailed clarification following Supreme Court proceedings. The update helped restore investor confidence in the stock after a brief decline over the past two sessions.
Market Performance
- Day High: ₹163.15
- Recent Fall: The Stock had dropped 14% in the last two sessions
- 52-Week Range: ₹97.80 – ₹192.90
- Recent Returns:
- 1-Year: +4%
- Past 6 Months: +34%
- Past 3 Months: +31.5%
- Past 1 Month: -7%
The NBFC stock’s rebound highlights how clarity on legal matters can influence market sentiment, particularly for companies with high public attention.
Main News: Supreme Court Clarification
Sammaan Capital, formerly Indiabulls Housing Finance, addressed concerns arising from Supreme Court proceedings related to a Public Interest Litigation (PIL). Key clarifications include:
- The Supreme Court did not express any negative opinion against the company.
- No FIR has been directed against Sammaan Capital.
- Senior officials were asked to examine the allegations and file a joint affidavit for the next hearing.
- There are no open investigations by CBI, ED, EOW, RBI, NHB, SEBI, MCA, or SFIO.
This clarification reaffirmed that the company is fully compliant with regulatory and legal requirements.
Company Update and Promoter Status
- Sammaan Capital is now a promoter-less, professionally managed company.
- The former promoter, Sameer Gehlaut, exited completely in 2023 and holds no shares.
- The “Indiabulls” brand name has been fully sold and transferred.
- Loans that were the basis of the PIL are fully repaid, with three cleared in 2019 and the remaining two showing zero outstanding balance today.
The company emphasised its commitment to cooperate with the Supreme Court and facilitate the filing of the joint affidavit.
Background of the PIL
The PIL, filed in 2019 by the Citizen Whistle Blower Forum, alleged irregularities in lending practices involving five borrower group companies and the former promoter.
- Earlier, statutory authorities, including RBI, NHB, SEBI, and MCA, examined the allegations and found no wrongdoing.
- The Delhi High Court dismissed the petition in February 2024, but the matter was subsequently appealed to the Supreme Court in October 2024.
- The current proceedings focus on the examination of the five borrower groups that received loans between 2014 and 2017.
Stock Performance Snapshot
Sammaan Capital shares rebounded as much as 3.8%, hitting a day high of ₹163.15 after the clarification.
- The stock is now 15.4% below its 52-week high of ₹192.90, recorded on November 3, 2025.
- From the 52-week low of ₹97.80 (April 2025), the stock has gained 67%, reflecting recovery over the past months.
This movement indicates renewed investor interest after uncertainty regarding the Supreme Court matter was addressed.
Summary
Sammaan Capital’s clarification regarding the Supreme Court proceedings has helped restore confidence among investors. With no negative observations against the company and all prior loans fully repaid, the stock rebounded strongly today. The company continues to operate as a promoter-less, professionally managed NBFC, focusing on its core operations and regulatory compliance.
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