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 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.