Standard Capital Markets Ltd. Amends Repayment Terms of Non-Convertible Debentures, Announces Partial Redemption
Standard Capital Markets Limited announced an amendment to the repayment terms of its Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (NCDs) issued on April 30, 2025, in five series. The change, approved by the Board of Directors on March 20, 2026, allows for redemption upon receipt of receivables from pledged/charged securities, enabling partial repayments.Previously, the repayment structure was a bullet repayment at the end of the tenor. The company stated the amended structure aligns repayment with underlying cash flows from the hypothecated/pledged and charged securities.
Furthermore, Standard Capital Markets redeemed 500 NCDs with a face value of ₹100,000 each, totaling ₹50,000,000. The NCDs were initially allotted to holders between October 30, 2024, and February 14, 2025. Following the partial redemption on March 20, 2026, the remaining balance of NCDs is 36,202.
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