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.

Standard Capital Markets Limited , a company listed on the Bombay Stock Exchange (BSE: 511700), has recently disclosed significant changes in its promoter shareholding structure and key decisions from its latest board meeting.

Promoter Group Changes

The company announced that three individuals - Manohar Lal Vij, Madhu Vij, and Anil Arora - have ceased to be part of the promoter group. Their status has transitioned from Promoter to Public shareholders. Standard Capital Markets acknowledged that the disclosure of this change was delayed due to inadvertence but emphasized that there was no malafide intention behind the delay. This notification was made in compliance with the Securities and Exchange Board of India (SEBI) regulations regarding capital and disclosure requirements.

Board Meeting Outcomes

Standard Capital Markets Limited shared the outcomes of its Board of Directors meeting. Key decisions and approvals from the meeting include:

1. Director Re-appointments: The board approved the re-appointment of Mr. Ram Gopal Jindal and Mrs. Anshita Sharma as Directors, both of whom were retiring by rotation at the upcoming 38th Annual General Meeting (AGM).

2. Secretarial Auditor Appointment: M/s. Virender Kumar & Associates, Practising Company Secretaries (C.P. No. 25458), were appointed as the Secretarial Auditor of the Company for a term of five years.

3. Annual Report and Financial Documents: The board considered and approved the Directors' Report, along with the Annual Report of the Company. They also took note of the Management Discussion and Analysis Report and the Corporate Governance Report.

4. 38th Annual General Meeting: The company's 38th AGM is scheduled to be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM), in compliance with applicable regulations.

5. E-voting Scrutinizer: M/s Nitika G & Associates, Practicing Company Secretary (C.P No. 24785), was appointed as the Scrutinizer for conducting the e-voting process for the AGM.

6. Book Closure: The register of Members and Share Transfer Books of the Company will remain closed for a specified period. The record date for voting eligibility has been set.

These announcements reflect Standard Capital Markets Limited's commitment to regulatory compliance and corporate governance. The changes in the promoter group structure and the comprehensive agenda of the board meeting indicate ongoing developments within the company's management and operations.

Investors and stakeholders are advised to take note of these changes and refer to the official communications from the company for more detailed information.