Standard Capital Markets Limited has executed comprehensive debenture redemptions totaling ₹380.00 crore through board resolutions, demonstrating systematic debt management across multiple NCD series. The company completed these redemptions in two phases, with the latest redemption finalizing the clearance of its Series I Non-Convertible Debentures.

Full Redemption of Series III NCDs

The company completed the full redemption of its Series III Non-Convertible Debentures through a circular resolution passed on April 02, 2026. The redemption details are presented below:

The redemption includes accrued interest payments, and no outstanding amount remains for the Series III NCDs. The company executed this redemption in accordance with the original terms and conditions of issue and applicable legal provisions.

Complete Clearance of Series I NCDs

Following the initial partial redemption approved on April 02, 2026, Standard Capital Markets completed the final redemption of its Series I Non-Convertible Debentures on April 06, 2026. The latest redemption details are:

The company confirmed that upon completion of this redemption, the entire Series I NCDs aggregating to ₹250 crore stand fully redeemed, including all accrued interest, with no outstanding amounts remaining.

Regulatory Compliance and Board Approvals

Both redemption phases received formal board approval through circular resolutions, with Managing Director Ram Gopal Jindal signing the regulatory intimations. The April 06, 2026 redemption was completed within 5 working days of board approval, ensuring compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has confirmed that necessary arrangements were made for payment of any outstanding interest in accordance with the terms of issue and agreements with debenture holders and trustees. All redemptions adhered to the original terms and conditions established at the time of issuance, maintaining the company's commitment to regulatory compliance and investor obligations.

Standard Capital Markets Limited has completed the execution of its Share Purchase Agreement for the divestment of its wholly owned subsidiary, following the board's earlier strategic decisions announced on March 31, 2026. The company has maintained full regulatory compliance throughout the transaction process.

Share Purchase Agreement Execution

The company has successfully executed the Share Purchase Agreement on April 04, 2026, for the complete divestment of its 100% equity stake in KRV Brooms Private Limited. This execution follows the board's earlier approval and represents the next phase in the subsidiary divestment process.

The agreement is subject to the fulfillment of certain pre-closing obligations and conditions precedent as mutually agreed between the parties. This structured approach ensures all regulatory and operational requirements are met before the final transfer.

Board Meeting Decisions and Strategic Restructuring

The divestment process began with the board meeting held on March 31, 2026, where directors approved the complete disinvestment strategy. The board had entered into the initial Agreement for Sale of Equity Shares dated April 05, 2026, with Standard Infracap Services Limited, a group company.

Leadership Transition and Advisory Appointment

Concurrent with the subsidiary divestment, the company has implemented significant leadership changes. The board acknowledged the resignation of Mr. Gaurav Jindal from his position as Chairman, effective March 31, 2026, due to a proposed change in his role within the company.

In recognition of his valuable contributions, the board approved Mr. Jindal's appointment as Advisor to the Board, effective April 01, 2026. His new role encompasses providing strategic and business advisory support to the board and management.

Regulatory Compliance and Documentation

Managing Director Ram Gopal Jindal has signed the official communication to BSE Limited under reference number SCML/2025-26/433, dated April 04, 2026. The communication was digitally signed and submitted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company continues to maintain transparency with stakeholders through detailed disclosures covering both the subsidiary disinvestment process and leadership restructuring initiatives. This systematic approach demonstrates the company's commitment to regulatory compliance and stakeholder communication throughout the strategic transition process.