Standard Capital Markets Limited has achieved a significant milestone in its participation in the Corporate Insolvency Resolution Process (CIRP) of THREEC INFRATECH PRIVATE LIMITED. The company has received and accepted a Letter of Intent from the Resolution Professional after the Committee of Creditors approved its resolution plan under the CIRP process.

Resolution Plan Approval Details

The key developments in the CIRP process are outlined below:

The Resolution Professional formally communicated the Committee of Creditors' decision through the Letter of Intent, which Standard Capital Markets Limited promptly accepted within one day of receipt.

CIRP Process and Regulatory Framework

The Corporate Insolvency Resolution Process was commenced under the Insolvency and Bankruptcy Code, 2016 (IBC), pursuant to an order passed by the National Company Law Tribunal, Delhi Bench (NCLT). This legal framework governs the structured resolution of corporate insolvencies in India, ensuring a time-bound and creditor-driven process.

Standard Capital Markets Limited's participation in this CIRP demonstrates its strategic approach to business opportunities within the insolvency resolution space, leveraging the regulatory framework established under the IBC.

Management Commentary

Commenting on the development, the Management of Standard Capital Markets Limited stated: "The receipt and acceptance of the Letter of Intent marks an important milestone for Standard Capital Markets Limited. This step aligns with our strategic objective of participating in value-oriented opportunities under the IBC framework, while maintaining strict compliance with regulatory and governance standards. We remain committed to transparent disclosures and will keep stakeholders informed of further developments, subject to requisite approvals."

Next Steps and Regulatory Approvals

The resolution plan will now proceed to the next critical phase:

Compliance and Disclosure

Standard Capital Markets Limited has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company issued a press release and has committed to providing prompt updates on any further developments in the resolution process as they occur. The information will also be hosted on the company's website at https://www.stancap.co.in/ .

The successful approval of the resolution plan by the Committee of Creditors represents a positive development for Standard Capital Markets Limited, subject to final regulatory approvals and successful implementation of the proposed resolution framework.

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.