Standard Capital Markets Completes ₹90 Crore NCD Redemption Following Rate Dispute

1 min read     Updated on 28 Feb 2026, 02:53 PM
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Overview

Standard Capital Markets Limited announced completion of ₹90 crore partial redemption of 9,000 secured non-convertible debentures on February 27, 2026, as part of systematic debt management strategy following rejection of subscriber requests for interest rate increases from 10% to 13% per annum, with 36,702 debentures remaining outstanding.

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Standard Capital Markets Limited has announced another significant debt redemption, completing a ₹90 crore partial redemption of secured non-convertible debentures on February 27, 2026. This latest redemption follows the company's recent decision to reject subscriber requests for interest rate increases and proceed with systematic NCD redemptions instead.

Latest Redemption Details

The Board of Directors approved the redemption through circulation on February 27, 2026, covering 9,000 secured, unlisted, unrated, redeemable non-convertible debentures. Each debenture carried a face value of ₹1,00,000, bringing the total redemption value to ₹90 crore.

Parameter: Details
Number of NCDs Redeemed: 9,000
Face Value per NCD: ₹1,00,000
Total Redemption Value: ₹90 crore
Redemption Date: February 27, 2026
Outstanding NCDs Post-Redemption: 36,702
Board Approval Date: February 27, 2026

Interest Rate Dispute Resolution

The redemption strategy stems from the company's earlier decision to reject subscriber requests for interest rate increases. The NCDs were originally issued at 10% per annum, but subscribers had requested an increase to 13% per annum. After careful evaluation of financial strategy, cost of funds, and long-term business objectives, management opted for redemption rather than accepting the higher rate.

Decision Framework: Details
Original Interest Rate: 10% per annum
Requested Rate: 13% per annum
Management Decision: Rejected rate increase
Alternative Strategy: Systematic NCD redemption
Allotment Period: October 30, 2024 to February 14, 2025

Sequential Redemption Pattern

This ₹90 crore redemption represents the latest in a series of strategic debt reductions. The company previously completed a ₹39.8 crore redemption on February 23, 2026, and an ₹85 crore redemption on February 21, 2026, demonstrating an active debt management approach throughout February 2026.

Strategic Financial Management

Managing Director Ram Gopal Jindal has emphasized that maintaining financial prudence and discipline remains essential for protecting shareholder value and sustaining growth trajectory. The systematic redemption approach reflects the company's commitment to optimizing capital structure while managing borrowing costs responsibly.

The company confirmed that all redemption activities comply with the terms and conditions established at the time of NCD issuance, ensuring full adherence to contractual obligations and applicable regulatory provisions. Standard Capital Markets continues exploring equity infusion options as alternative funding mechanisms to support future growth initiatives.

Historical Stock Returns for Standard Capital Markets

1 Day5 Days1 Month6 Months1 Year5 Years
-4.92%+23.40%+13.73%-10.77%-7.94%-57.66%
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Pee Cee Cosma Sope Ltd Reports Strong Q3 FY26 Results with 22.81% Revenue Growth

2 min read     Updated on 07 Feb 2026, 05:50 PM
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Overview

Pee Cee Cosma Sope Ltd reported strong Q3 FY26 results with total income from operations growing 22.81% YoY to ₹4238.28 lacs and net profit after tax increasing 3.44% to ₹304.51 lacs. For the nine-month period, total income reached ₹11610.25 lacs, up 8.67% from the previous year, though nine-month profit after tax declined to ₹749.44 lacs from ₹895.80 lacs. The Board approved these results on February 06, 2026, demonstrating the company's continued operational resilience and growth trajectory.

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Pee Cee Cosma Sope Ltd announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, showcasing strong operational performance across key financial metrics. The company, engaged in manufacturing and trading activities, demonstrated resilience with notable revenue growth despite challenging market conditions.

Quarterly Financial Performance

The company delivered impressive quarterly results with significant improvements in both revenue and profitability metrics. Total income from operations reached ₹4238.28 lacs in Q3 FY26, representing a substantial 22.81% increase compared to ₹3451.30 lacs in the corresponding quarter of the previous year.

Metric Q3 FY26 Q3 FY25 Growth (%)
Total Income from Operations ₹4238.28 lacs ₹3451.30 lacs +22.81%
Net Profit Before Tax ₹403.43 lacs ₹302.67 lacs +33.30%
Net Profit After Tax ₹304.51 lacs ₹294.38 lacs +3.44%
Basic EPS ₹11.50 ₹11.10 +3.60%
Diluted EPS ₹11.50 ₹11.10 +3.60%

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Pee Cee Cosma Sope Ltd maintained steady performance with total income from operations reaching ₹11610.25 lacs compared to ₹10683.48 lacs in the corresponding period of the previous year, marking an 8.67% increase.

Parameter Nine Months FY26 Nine Months FY25 Change (%)
Total Income ₹11610.25 lacs ₹10683.48 lacs +8.67%
Profit Before Tax ₹1004.24 lacs ₹1198.46 lacs -16.21%
Profit After Tax ₹749.44 lacs ₹895.80 lacs -16.34%
Basic EPS ₹26.30 ₹33.80 -22.19%

Consolidated Results Overview

The consolidated financial results showed similar trends with total income from operations of ₹4238.04 lacs for Q3 FY26 compared to ₹3451.39 lacs in Q3 FY25. Net profit after tax for the quarter stood at ₹302.70 lacs versus ₹295.01 lacs in the previous year, while consolidated basic EPS was ₹11.40 compared to ₹11.10 in Q3 FY25.

Corporate Governance and Compliance

The financial results were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on February 06, 2026. The results comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and have been subjected to independent auditors' review as required under the regulations.

Key Highlights

  • Strong quarterly revenue growth of 22.81% year-over-year
  • Consistent profitability with positive net profit margins
  • Stable earnings per share performance
  • Compliance with all regulatory requirements and disclosure norms
  • Board approval obtained for the quarterly and nine-month results

The company continues to demonstrate operational efficiency and strategic focus on sustainable growth while maintaining transparency in financial reporting and corporate governance practices.

Historical Stock Returns for Standard Capital Markets

1 Day5 Days1 Month6 Months1 Year5 Years
-4.92%+23.40%+13.73%-10.77%-7.94%-57.66%
Standard Capital Markets
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1 Year Returns:-7.94%