Standard Capital Markets Ltd. Approves Redemption of Non-convertible Debentures
Standard Capital Markets Limited announced on Tuesday, March 24, 2026, the approval of a resolution by circulation to redeem 23,202 Secured, Unlisted, Unrated, Redeemable Non-convertible (NCDs). Each NCD has a face value of 71,00,000 (Rupees One Lakh Only), aggregating to a total of ₹2,32,02,00,000 (Rupees Two Hundred Thirty Two Crore and Two Lakh Only), along with accrued interest.The redemption, governed by the terms of issue and the Debenture Trust Deed dated October 24, 2024, represents the final tranche of the NCDs. The company plans to complete the redemption in one or more tranches within five working days from the date of approval.
With this final tranche, the entire NCDs, initially totaling ₹500 crore and issued on October 24, 2024, will be fully redeemed, with no outstanding amounts remaining. The NCDs are identified by ISIN INE625D01028 and Scrip Code 511700 on the BSE Limited.
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