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.

Standard Capital Markets Limited has successfully conducted a separate meeting of Independent Directors on March 26, 2026, fulfilling its regulatory obligations under SEBI guidelines and the Companies Act, 2013.

Meeting Details and Regulatory Compliance

The Independent Directors convened their separate meeting in accordance with Regulation 25(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 149(7) read with Schedule IV of the Companies Act, 2013. The meeting was held on Thursday, March 26, 2026, commencing at 02:30 P.M. and concluding at 04:15 P.M.

Key Agenda Items Reviewed

The Independent Directors conducted a comprehensive review covering three critical areas of corporate governance:

• Board Performance Evaluation: Reviewed the performance of non-independent directors and the Board as a whole
• Chairman Assessment: Evaluated the performance of the Company's Chairman, taking into consideration feedback from both executive directors and non-executive directors
• Information Flow Assessment: Assessed the quality, quantity, and timeliness of information flow between the Company and the Board to ensure effective decision-making capabilities

Corporate Governance Framework

This separate meeting represents Standard Capital Markets Limited's commitment to maintaining robust corporate governance standards. The evaluation process ensures that the Board operates effectively and that all directors have access to necessary information for informed decision-making. The assessment of the Chairman's performance, incorporating views from various director categories, demonstrates a comprehensive approach to leadership evaluation.

Company Communication

The outcome was formally communicated to BSE Limited through Company Secretary Vineeta Gautam, who digitally signed the disclosure document on March 26, 2026. The company has requested the stock exchange to take the meeting outcome on record as part of its regulatory compliance obligations.