{"id":17795,"date":"2025-11-20T16:04:34","date_gmt":"2025-11-20T10:34:34","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=17795"},"modified":"2025-11-20T16:04:34","modified_gmt":"2025-11-20T10:34:34","slug":"sammaan-capital-shares-rebound-4-after-clarification-on-sc-case","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/sammaan-capital-shares-rebound-4-after-clarification-on-sc-case\/","title":{"rendered":"Sammaan Capital Shares Rebound 4% After Clarification on SC Case Involving Ex-Promoter"},"content":{"rendered":"

Sammaan Capital Share Price Recovers 4% After Company Clarifies Supreme Court Case Tied to Former Promoter<\/p>\n

The Sammaan Capital share price staged a sharp recovery on November 20, rising nearly 4 percent during morning trade after the company issued a detailed clarification regarding the ongoing Supreme Court proceedings linked to alleged lending irregularities. The stock, which had plunged earlier following media reports, bounced back strongly to \u20b9165.50 apiece, marking a 9 percent intraday rebound from its low of \u20b9151.41.<\/p>\n

The renewed buying interest came after Sammaan Capital assured investors that the case being heard by the Supreme Court pertains solely to an erstwhile promoter who has fully exited the company. The NBFC emphasised that there are no allegations, no investigations, and no regulatory actions pending against it from any statutory authority.<\/p>\n

Supreme Court Case Linked to Former Promoter, Not the Company<\/h2>\n

In its exchange filing issued post-market hours on November 19, Sammaan Capital clarified that the petition before the Supreme Court is an appeal against a February 2024 Delhi High Court order, which had dismissed a plea filed by Prashant Bhushan\u2019s Citizen Whistle Blower Forum (CWBF). The original plea had alleged irregularities in the NBFC\u2019s lending process and suggested a quid pro quo arrangement between five borrower groups and former promoter Sameer Gehlaut.<\/p>\n

Sammaan Capital stated that all regulators, including the RBI, NHB, SEBI, and the Ministry of Corporate Affairs, had submitted affidavits in the Delhi High Court confirming that no wrongdoing had been found in the company\u2019s lending practices. Based on this, the High Court dismissed the petition earlier this year.<\/p>\n

The company stressed that the Supreme Court too made no adverse observations against Sammaan Capital. The bench specifically clarified:
\u201cWe have not expressed any opinion against Sammaan Capital Limited.\u201d<\/p>\n

Also Read : Cummins India Shares Rise 3% as Citi Sees Steady Demand Ahead<\/a><\/p>\n

Company Reaffirms Clean Chit; Says No FIR or Investigation Exists<\/h2>\n

Sammaan Capital reiterated that the former promoter named in the allegations is no longer associated with the company and has not held any shares since 2023. The company further asserted that it has no defaults, no outstanding dues, and no ongoing proceedings with any regulatory or enforcement body.<\/p>\n

Senior advocate Mukul Rohatgi, representing Sammaan Capital, reiterated that every assessment conducted by the regulators had already given the NBFC a clean chit.
He added that the company remains fully open to any further inquiry, stating:
\u201cWe have nothing to hide. We welcome any investigation once, twice, or even thrice if required. The Supreme Court will next hear the matter on December 17, 2025, and we expect full clarity by then.\u201d<\/em><\/p>\n

Petitioners Allege Former Promoter Fled Abroad and Acquired Luxury Assets<\/h2>\n

During the latest hearing, submissions from the petitioners centred around claims that the ex-promoter had fled the country, settled in London, and acquired multiple luxury assets\u2014including five-star hotels, aircraft and yachts. Sammaan Capital noted that the Supreme Court\u2019s directive now provides a clear and objective path for the company to emerge from under the shadow of allegations aimed at a former stakeholder.<\/p>\n

Importantly, the NBFC emphasised that no FIR has been ordered against Sammaan Capital, and the Supreme Court explicitly stated that it is not commenting on the company\u2019s conduct or operations at this stage.<\/p>\n

Sammaan Capital Share Price: Stock Recovers After Sharp Fall<\/h2>\n

The Sammaan Capital share price had dropped nearly 13 percent the previous day after reports indicated that the Supreme Court had questioned the CBI\u2019s \u201cfriendly approach\u201d in probing alleged irregularities involving the NBFC. The market reacted sharply to the headlines, triggering heavy selling.<\/p>\n

However, with the company\u2019s strong clarification and reassurances of regulatory compliance, the stock regained investor confidence today. From its 52-week low of \u20b997.61 in April 2024, the stock had rallied nearly 98 percent in seven months to hit a 52-week high of \u20b9192.95 earlier in November. Since then, the stock has corrected more than 14 percent, partly due to heightened scrutiny and concerns around the Supreme Court case.<\/p>\n

Investor Sentiment Improves but Volatility May Persist<\/h2>\n

With fresh assurances that the case pertains solely to a former promoter and not the company, investors appear to be regaining conviction in the stock. The recovery in the Sammaan Capital share price reflects renewed belief that the NBFC\u2019s fundamentals remain intact.<\/p>\n

Analysts, however, caution that volatility may persist as the matter progresses in the Supreme Court, despite no allegations being made against the firm. The company\u2019s strong financials, clean regulatory record and operational stability could help mitigate uncertainty.<\/p>\n

Outlook: What Should Investors Track Going Forward?<\/h2>\n

Market experts suggest monitoring the following key developments:<\/p>\n