Standard Capital Markets Limited successfully concluded its second Extraordinary General Meeting on January 10, 2026, with shareholders approving all nine proposed resolutions with overwhelming majority support. The meeting was conducted through video conferencing from 01:30 PM to 02:12 PM, demonstrating strong corporate governance practices.

Meeting Overview and Participation

The EGM witnessed participation from 130 public shareholders through video conferencing, representing a significant portion of the company's shareholder base. With a total of 252,820 shareholders on the record date of January 2, 2026, the meeting achieved the necessary quorum for all resolutions.

Material Related Party Transaction Approvals

Eight of the nine resolutions focused on approving material related party transactions with various entities. Each resolution received strong shareholder support, with approval rates exceeding 99.98% across all transactions.

Loan-to-Equity Conversion Resolution

The ninth resolution, classified as a special resolution, approved the conversion of loan into equity shares under Section 62(3) of the Companies Act, 2013. This strategic financial restructuring received strong shareholder endorsement with 99.98% approval rate, garnering 733,865,307 votes in favour against 132,271 dissenting votes.

E-Voting Process and Scrutinizer Report

Nitika Gupta, proprietor of Nitika G & Associates and practicing Company Secretary (ACS: 65729), served as the appointed scrutinizer for the meeting. The e-voting process was conducted through CDSL's platform, with remote e-voting available from January 7, 2026, at 09:00 AM to January 9, 2026, at 05:00 PM. The scrutinizer's report, dated January 12, 2026, confirmed the validity of all voting procedures and results.

Corporate Governance Compliance

The meeting adhered to all regulatory requirements under the Companies Act, 2013, and relevant MCA and SEBI circulars. Notice for the EGM was sent to shareholders on December 18, 2025, through electronic mode to registered email addresses, ensuring compliance with regulatory guidelines for virtual meetings. The company also accommodated shareholders who faced technical issues by accepting physical postal ballot forms, demonstrating commitment to inclusive shareholder participation.

Standard Capital Markets Limited announced another significant board decision regarding its Non-Convertible Debentures on January 07, 2026. Following its December 31, 2025 redemption, the Board of Directors approved an additional partial redemption worth ₹1.77 crores, as communicated to BSE Limited under Regulation 30 of SEBI Listing Regulations.

Latest NCD Redemption Details

The company executed its second partial redemption within a week, demonstrating continued focus on debt portfolio optimization. The January redemption involved a substantially larger number of debentures compared to the previous month's transaction.

These debentures were originally allotted during the period from October 30, 2024 to February 14, 2025, pursuant to the debenture holder's request dated October 28, 2024. The redemption was executed according to the established terms and conditions.

Previous Amendment and Redemption Activity

In December 2025, Standard Capital Markets had restructured its Non-Convertible Debentures repayment mechanism and completed a separate redemption. The company amended its repayment structure from bullet payment at tenor end to redemption upon receipt of receivables from pledged securities, aligning with operational cash flows.

Regulatory Compliance and Board Governance

Both redemption decisions were made through board circulation with majority director approval obtained on the respective dates. The company has maintained full compliance with SEBI Listing Regulations and ensured transparent communication with stakeholders.

The consecutive partial redemptions reflect Standard Capital Markets' systematic approach to debt management, with the January transaction involving a higher volume of smaller denomination NCDs compared to December's fewer high-value debentures. These strategic debt reductions demonstrate the company's commitment to optimizing its capital structure while maintaining operational flexibility through the amended repayment terms.