Ram Gopal Jindal has resigned from the position of Managing Director at Standard Capital Markets due to health-related reasons. The change takes effect on September 29, 2026.

Jindal will continue to serve the company as an Executive Director and remain on the Board of Directors starting September 30, 2026. This transition involves only the relinquishment of the Managing Director designation and does not constitute a cessation of his directorship.

Regulatory Disclosure

The company filed a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with BSE Limited on September 5, 2026. The filing confirms that Jindal’s resignation is solely from the Managing Director role.

Continuity of Role

Jindal clarified in his resignation letter that there are no material reasons for stepping down other than health concerns. He intends to continue contributing to the company’s growth and development in his capacity as an Executive Director.

The Board of Directors has acknowledged the relinquishment and is undertaking the necessary statutory filings. Jindal will discharge the duties of Managing Director until September 29, 2026.

Standard Capital Markets Ltd reported a significant deterioration in its financial performance for the first quarter of FY27, with the standalone net loss more than doubling year-on-year. The company posted a net loss of ₹62.8 crore for the quarter ended June 30, 2026, compared to a net loss of ₹28.3 crore in the same period of FY25. This follows a profit of ₹80.5 crore in the preceding quarter (Q4FY26).

Total income for the quarter fell sharply to ₹10.8 crore, down from ₹68.0 crore recorded in Q1FY25. The consolidated financial results reflected similar trends, with consolidated total income at ₹10.8 crore and a consolidated net loss of ₹62.8 crore.

The Board of Directors approved the unaudited financial results at their meeting held on August 14, 2026. The results were reviewed by the Audit Committee prior to approval.

Financial Performance

The company’s earnings per share (basic) stood at negative ₹0.256 for the quarter, a decline from positive ₹0.072 in the corresponding quarter of the previous fiscal year.

What the Numbers Show

The divergence between total income and the magnitude of the net loss highlights significant non-operating pressures or exceptional items impacting the bottom line. While total income dropped to ₹10.8 crore, the pre-tax loss before exceptional items was recorded at ₹69.0 crore. This indicates that the majority of the loss was driven by factors other than direct operational revenue decline, such as investment losses, provisions, or other comprehensive income adjustments, rather than just the contraction in top-line business activity.