Standard Capital Markets Limited announced multiple corporate governance decisions following its board meeting held on December 18, 2025. The meeting, which commenced at 3:30 PM and concluded at 4:10 PM, addressed several key organizational changes, strategic approvals, and material related party transactions requiring shareholder approval.

Leadership Transition

The board approved a significant change in the company's leadership structure. Mr. Ram Gopal Jindal stepped down from his position as Chairperson but will continue serving as the Managing Director of the company. Mr. Gaurav Jindal has been appointed as the new Chairperson, effective after the conclusion of the board meeting held on December 18, 2025.

The company noted that Mr. Gaurav Jindal possesses adequate experience and expertise to lead the organization in his new capacity.

Internal Auditor Changes

The board addressed changes in the company's internal audit function, managing both a resignation and new appointment. M/s Verma Priyanka Co., Chartered Accountants, tendered their resignation from the position of Internal Auditor, citing work overload and time constraints as the primary reasons for their departure.

The newly appointed internal auditor, M/s J.J. Patel & Associates, is registered with the Institute of Chartered Accountants of India with firm registration number 127544W/W100376. The firm brings extensive experience in internal audit, statutory audit, management audit, due diligence system audit, accounting, investigative financial audit, legal evaluation, and analytical procedures.

Material Related Party Transactions

The board considered and approved material related party transactions with multiple entities, subject to shareholder approval at the upcoming extraordinary general meeting. The transactions involve eight entities:

• Titanium Unlisted Assets Private Limited
• Titanium Holdings India Private Limited
• Standard ARC Limited
• NDA Securities Limited
• NDA Commodity Brokers Private Limited
• NDA Research and Technologies Private Limited
• Earth Leasing and Finance Private Limited
• Srikaya Foundation

Extraordinary General Meeting

To obtain necessary shareholder approvals, the board approved convening the 024 Extra-Ordinary General Meeting for the financial year 2025-26. The meeting is scheduled for Saturday, January 10, 2026, and will be conducted through Video Conferencing and Other Audio Visual Means. The board also approved the notice of the EGM along with the explanatory statement pursuant to Section 102 of the Companies Act, 2013.

All decisions were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with appropriate disclosures provided to the stock exchange.

Standard Capital Markets Limited has announced a significant update to its debt management strategy with the partial redemption of its non-convertible debentures (NCDs).

Redemption Details

The Board of Directors has approved the partial redemption of 273 secured non-convertible debentures (NCDs). Here are the key details of the redemption:

Redemption Process

The partial redemption was conducted following requests from debenture holders. The original debentures were allotted in July 2024.

Impact on Outstanding Debentures

Following this partial redemption, the balance of secured non-convertible debentures stands at 1,165 debentures.

This partial redemption demonstrates Standard Capital Markets Limited's commitment to managing its debt obligations and responding to debenture holders' requests. It also reflects the company's ability to meet its financial commitments as per the terms and conditions laid down at the time of issuing these secured non-convertible debentures.