Standard Capital Markets Limited (SCML), a Non-Banking Financial Company, has announced a strategic move into the asset reconstruction sector. The company revealed plans to sponsor an Asset Reconstruction Company (ARC) through its wholly-owned subsidiary, marking a significant expansion of its financial services portfolio.

Strategic Expansion into Asset Reconstruction

SCML's decision to enter the asset reconstruction space aligns with its vision to strengthen its presence in the financial services sector. The newly sponsored ARC will focus on the acquisition, management, and recovery of distressed financial assets, operating in compliance with Reserve Bank of India (RBI) guidelines.

Management's Perspective

The management of Standard Capital Markets Limited emphasized that this initiative demonstrates their commitment to supporting stressed asset resolution and reinforcing the overall credit ecosystem. By leveraging SCML's expertise, governance framework, and resources, the company aims to generate sustainable value for shareholders while contributing to the stability of the Indian financial system.

Regulatory Compliance and Disclosure

In adherence to regulatory requirements, SCML has formally notified the BSE Limited of this development. The company's filing, dated September 8, provides details of the press release announcing the ARC sponsorship.

Impact on Financial Services Landscape

This move by Standard Capital Markets Limited is expected to enhance its capabilities in managing distressed assets, potentially opening up new revenue streams and strengthening its market position. The expansion into asset reconstruction also signals SCML's proactive approach to addressing challenges in the financial sector and its commitment to playing a larger role in India's economic landscape.

As the financial services industry continues to evolve, SCML's venture into asset reconstruction through its subsidiary could position the company as a more comprehensive financial services provider, capable of addressing diverse market needs and opportunities in the stressed asset segment.

Investors and industry observers will likely watch closely to see how this strategic initiative unfolds and its potential impact on SCML's future growth and performance in the dynamic financial services sector.

Standard Capital Markets Limited , a financial services company, has successfully completed the allotment of Non-Convertible Debentures (NCDs) worth INR 56.00 crore through a private placement. The company's board of directors approved this significant fundraising initiative in a meeting held on January 15, 2025.

NCD Allotment Details

The allotment consists of 5,600 unrated, unlisted, and secured Non-Convertible Debentures. Each NCD carries a face value and issue price of INR 1,00,000. This move demonstrates Standard Capital Markets' ability to raise substantial capital through debt instruments, potentially to fund its growth initiatives or strengthen its financial position.

Background and Preparation

Standard Capital Markets had been laying the groundwork for this NCD issuance for several months. The company had sent intimation letters regarding the NCD fundraising initiative in October, November, and December 2024, indicating a well-planned and strategically executed financial move.

Company Governance and Future Plans

In addition to the NCD allotment, recent corporate filings reveal that Standard Capital Markets is actively managing its governance structure and preparing for future growth:

Board Reappointments

• The company has approved the re-appointment of Mr. Ram Gopal Jindal and Mrs. Anshita Sharma as Directors, subject to retirement by rotation at the upcoming 38th Annual General Meeting (AGM).

Auditor Appointment

• M/s. Virender Kumar & Associates, Practising Company Secretaries, have been appointed as the Secretarial Auditor for a term of five years.

Annual General Meeting

• The 38th AGM is scheduled to be held on September 30, 2025, through video conferencing or other audio-visual means, in compliance with regulatory requirements.

E-voting Process

• M/s Nitika G & Associates, Practicing Company Secretary, has been appointed as the Scrutinizer for conducting the e-voting process for the AGM.

Investor Information

For shareholders and potential investors, the company has announced that the register of Members and share Transfer Books will remain closed from September 24 to September 30, 2025. The record date for voting eligibility has been set as September 23, 2025.

These developments, including the successful NCD allotment and the upcoming AGM, reflect Standard Capital Markets' commitment to financial growth and corporate governance. The company appears to be positioning itself for future opportunities while maintaining transparency with its stakeholders.