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

*this image is generated using AI for illustrative purposes only.
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.92% | +23.40% | +13.73% | -10.77% | -7.94% | -57.66% |
































