Sammaan Capital Clarifies FIR Against Ex-Promoter Sameer Gehlaut
Sammaan Capital Limited clarified an FIR filed by Delhi Police against its erstwhile promoter, Sameer Gehlaut. The FIR, registered on December 15, 2025, relates to alleged fraud and conspiracy involving Gehlaut and several corporate entities. The company stated it has no relation to Gehlaut, who exited his promoter and shareholder status by September 2023.
The FIR against an ex-promoter and ongoing investigations could create uncertainty and potentially affect investor perception, even though the company claims no current relation.
The announcement is a clarification regarding legal proceedings involving an ex-promoter, which does not directly impact the company's current operations or financials but addresses a potential reputational concern.
Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has issued a clarification regarding a news item published on www.moneycontrol.com on December 17, 2025, concerning a fresh FIR filed by the Delhi Police. The company stated that this news pertains to an ongoing Special Leave Petition (SLP) titled Citizens Whistle Blowers Forum Vs Union of India & Ors., for which a detailed brief was previously disclosed on November 19, 2025.
According to the company's submission, a court hearing on December 17, 2025, involved affidavits from the CBI and the Economic Offences Wing (EOW) of Delhi Police. The CBI's affidavit indicated that a decision on forming a Special Investigation Team (SIT) could not be reached, and the Enforcement Directorate (ED) had informed the Delhi Police, leading to the registration of an FIR.
The EOW of Delhi Police, in its affidavit, stated that the ED had informed them of fraud and criminal conspiracy in quid pro quo transactions between Sameer Gehlaut (erstwhile promoter) and various corporate entities. Based on this, FIR no. 175/25 was registered on December 15, 2025, and is under investigation. The affidavits suggest investigations are focused on Mr. Gehlaut and five corporate groups.
Sammaan Capital emphasized that Mr. Sameer Gehlaut ceased to be a promoter in December 2021 and exited the board in March 2022. His de-promoterisation was approved by exchanges in February 2023, and he exited as a shareholder in September 2023. The company asserts it has no relation to Mr. Gehlaut against whom allegations are leveled in the FIR.
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Sammaan Capital Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Sammaan Capital Limited. Read the original for the full detail.