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.

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.