Standard Capital Markets Limited has informed BSE Limited about the extension of timeline for partial redemption of its 10% Secured Non-Convertible Debentures (NCD-1). The announcement was made through an intimation under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

The Board of Directors of the company, through a Circular Resolution dated April 24, 2026, approved the extension of timeline by a further period of 5 working days for completion of the partial redemption of the said NCD-1. This development follows an earlier intimation dated April 18, 2026, regarding the partial redemption process.

Redemption Details

The partial redemption involves 979 Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (NCD-1). The key details of the redemption are as follows:

Regulatory Compliance

The company stated that it will complete the partial redemption within the extended timeline approved by the Board, in accordance with the terms and conditions of issue of the said NCDs and as agreed with the Debenture Holders and/or the Debenture Trustee. Standard Capital Markets Limited shall submit a further intimation to the Exchange upon completion of the said redemption, in accordance with applicable regulatory requirements.

The intimation was signed by Ram Gopal Jindal, Managing Director of the company, on April 24, 2026. The debentures carry ISIN INE625D01028 and scrip code 511700.

Standard Capital Markets has completed a comprehensive redemption of secured non-convertible debentures (NCDs) totaling ₹520 crore across multiple series, as approved by the company's Board of Directors on April 18, 2026. The redemption covers three major NCD series and represents a significant debt restructuring initiative by the financial services company.

Full Redemption of NCD-3 Series

The company has successfully redeemed three series of 10% secured non-convertible debentures, each carrying specific terms and redemption values:

All three series were originally issued on April 30, 2025, with allotments occurring during May 2025. The NCD-3 Series II was allotted from May 7-8, 2025, Series IV on May 14, 2025, and Series V on May 15, 2025. The company has confirmed that upon completion of these redemptions, no outstanding amounts remain for any of these series.

Additional Redemption Activities

Beyond the primary ₹520 crore redemption, Standard Capital Markets has undertaken additional debt reduction measures:

Partial NCD-1 Redemption

The company redeemed 979 NCDs from the NCD-1 series, each with a face value of ₹10,00,000, totaling ₹97.90 crore. These debentures were originally allotted on July 30, 2024, following debenture holder requests dated July 18, 2024.

Completion of Previous Series

The company also completed the redemption of 15,000 NCDs worth ₹150 crore, which were allotted between May 2-6, 2025. This redemption was previously intimated through company communication dated April 6, 2026.

Regulatory Compliance and Interest Payments

Standard Capital Markets has emphasized its commitment to regulatory compliance throughout the redemption process. The company has made necessary arrangements for payment of outstanding interest in accordance with:

• Terms of issue of the respective NCDs
• Agreements with debenture holders and trustees
• Applicable regulatory requirements under SEBI Listing Regulations

All redemptions have been undertaken as per the original terms and conditions established at the time of issuance, with board approval obtained through circulation on April 18, 2026.

Financial Impact and Market Position

The comprehensive redemption program demonstrates Standard Capital Markets' ability to honor its debt obligations while potentially improving its capital structure. The total debt reduction across all mentioned series exceeds ₹767 crore, representing a substantial deleveraging initiative. The company has confirmed that all accrued interest has been included in the redemption calculations, ensuring complete settlement of obligations to debenture holders.