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.

Standard Capital Markets Limited has completed the final redemption of its Non-Convertible Debentures worth ₹232.02 crore, marking the full redemption of its entire ₹500 crore NCD issue. The Board of Directors approved the redemption of 23,202 NCDs on March 24, 2026, through a resolution passed by circulation, as communicated to BSE Limited via reference number SCML/2025-26/425.

Final NCD Redemption Details

The latest redemption represents the final tranche of the company's Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures. Each NCD carries a face value of ₹1,00,000, with the total redemption amount aggregating to ₹2,32,02,00,000 along with accrued interest.

The redemption will be effected in one or more tranches within five working days from the Board approval date, in accordance with the terms of issue and the Debenture Trust Deed dated October 24, 2024.

Complete NCD Issue Closure

With this final redemption, Standard Capital Markets will have fully redeemed its entire NCD issue aggregating to ₹500 crore that was originally issued on October 24, 2024. The company confirmed that upon completion of this redemption, together with prior redemptions already undertaken, no amount will remain outstanding in respect of the NCD issue.

Previous Redemption Corrections

Earlier, the company had issued a corrigendum on March 23, 2026, correcting inadvertent errors in NCD redemption balance figures across multiple redemption dates. The corrections addressed discrepancies in post-redemption balances, with the most significant revision relating to the March 23, 2026 redemption balance.

Corporate Compliance

Managing Director Ram Gopal Jindal (DIN: 06583160) digitally signed the latest intimation on March 24, 2026, ensuring compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company had previously amended the repayment structure of these NCDs from the original bullet repayment to enable redemption upon receipt of receivables from pledged and charged securities.