Standard Capital Markets Limited's Board of Directors has approved substantial debenture redemptions worth ₹230.00 crore through a circular resolution passed on April 02, 2026. The decision encompasses both full and partial redemptions of the company's Non-Convertible Debentures across different series, demonstrating active debt management.

Full Redemption of Series III NCDs

The company has completed the full redemption of its Series III Non-Convertible Debentures, marking a significant milestone in its debt obligations. 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.

Partial Redemption of Series I NCDs

Simultaneously, the board approved partial redemption of the Series I Non-Convertible Debentures, representing a strategic approach to debt management:

The partial redemption was undertaken following requests from debenture holders and received approval from the majority of directors. The remaining 15,000 debentures continue to be outstanding post-redemption.

Regulatory Compliance and Board Approval

The redemption decisions were formalized through a circular resolution with consent from the majority of directors on April 02, 2026. Managing Director Ram Gopal Jindal signed the regulatory intimation, ensuring compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both redemptions adhered to the terms and conditions established at the time of original issuance, maintaining the company's commitment to regulatory compliance and investor obligations.

Standard Capital Markets Limited has completed a substantial partial redemption of its non-convertible debentures worth ₹232.02 crore, as announced in a regulatory filing dated April 2, 2026. This latest redemption represents a significant corporate action that has resulted in the complete clearance of the company's ₹500 crore NCD series originally issued in October 2024.

Major Debenture Redemption Details

The company redeemed 23,202 secured, unlisted, unrated, redeemable non-convertible debentures, each carrying a face value of ₹1.00 lakh. The redemption amount of ₹232.02 crore includes accrued interest, demonstrating the company's commitment to honoring its debt obligations in full.

Complete Series Redemption Achievement

The company has achieved complete redemption of its entire ₹500 crore secured non-convertible debenture series that was issued on October 24, 2024. This comprehensive debt clearance means no outstanding amounts remain in respect of the said NCDs, including all accrued interest thereon.

Issuance and Redemption Timeline

The redeemed debentures were originally allotted to debenture holders during the period from October 30, 2024, to February 14, 2025. The redemption process was initiated pursuant to a request received from debenture holders through their letter dated October 28, 2024, following the terms established at issuance.

Regulatory Compliance and Authorization

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The filing was digitally signed by Ram Gopal Jindal, Managing Director (DIN: 06583160), ensuring proper corporate authorization and regulatory adherence for this significant debt management action.