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.

Standard Capital Markets Limited has submitted a corrigendum to its earlier intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the redemption of Non-Convertible Debentures (NCDs). The company identified inadvertent errors in its previous disclosure dated March 30, 2026, and has now provided revised details to correct the record.

The earlier intimation had reported the partial redemption of 123 NCDs with a face value of ₹10,00,000 each, aggregating to ₹12,30,00,000, as redeemed on March 30, 2026. However, the company has clarified that this figure inadvertently included 98 NCDs that had already been redeemed on February 23, 2026, with a face value of ₹10,00,000 each, aggregating to ₹9,80,00,000.

Revised Redemption Details

Accordingly, the actual redemption made on March 30, 2026, pertains to 25 NCDs with a face value of ₹10,00,000 each, aggregating to ₹2,50,00,000. The company further stated that the earlier reported balance post-redemption of 881 NCDs should now be read as 979 NCDs.

The company confirmed that except for the above changes, all other details mentioned in the earlier intimation remain unchanged. The corrigendum was signed by Ram Gopal Jindal, Managing Director, on April 17, 2026, and submitted to BSE Limited for dissemination on its website.