SAMMAANCAP Q4 FY26 Guidance vs Delivery (SAMMAANCAP Management Mirror)

Strategic Capital & Dividend Policy

Management expects to resume dividends with a baseline 25% payout and a medium-term target of 40%, reaffirming the Dec'25 Qtr guidance of a 30% to 40% long-term payout, while fresh Mar'26 Qtr guidance anticipates receiving INR 3,200 crores from IHC warrant conversions over the next 18 months to reach 43.5% equity ownership. [Status: Reaffirmed]