Standard Capital Markets Ltd Completes Multiple Debenture Redemptions Across Various Series
Standard Capital Markets Ltd has completed the full or partial redemption of several tranches of its Secured Non-Convertible Debentures (NCDs) across multiple series. The company executed these redemptions, including those related to NCD-3 Series II, NCD-3 Series IV, NCD-3 Series V, and various Series I NCDs.The board of directors approved the redemptions on April 18, 2026, and the company confirmed the conclusion of these financial transactions, including all accrued interest, ensuring no outstanding amounts remain for the specified debenture series.
Full Redemption of NCD-3 Series II, IV, and V
The company confirmed the full redemption of three major tranches of debentures, with the redemption amounts totaling ₹420 Crore.Key details for the full redemptions are summarized below:
| Debenture Series | Type of Redemption | Debentures Redeemed | Aggregate Redemption Amount | Issuance Date | Redemption Date |
|---|---|---|---|---|---|
| NCD-3 Series II | Full Redemption | 20,000 | ₹ 200 Crore | May 7, 2025 - May 8, 2025 | April 18, 2026 |
| NCD-3 Series IV | Full Redemption | 17,000 | ₹ 170 Crore | May 14, 2025 | April 18, 2026 |
| NCD-3 Series V | Full Redemption | 15,000 | ₹ 150 Crore | May 15, 2025 | April 18, 2026 |
The redemption of these debentures was conducted as per the terms and conditions established at the time of their issue.
Status of Series I Non-Convertible Debentures (NCD-1)
Standard Capital Markets Ltd also completed various stages of redemption for its Series I NCDs, ensuring the full repayment of principal and accrued interest.The redemption process for Series I NCDs included:
1. Partial Redemption (NCD-1): The company completed the partial redemption of 10% Secured Non-Convertible Debentures (NCD-1). This involved 979 debentures, aggregating to ₹ 97,90,00,000 (Rupees Ninety Seven Crores Ninety Lakh Only). These debentures were originally allotted on July 30, 2024.
2. Full Redemption (Series I Bulk): The company also reported the full redemption of Secured Non-Convertible Debentures (NCDs - Series I) aggregating to ₹ 250,00,00,000 (Rupees Two Hundred Fifty Crore Only), which were issued on April 30, 2025.
3. Completion of Series I: In a subsequent transaction, the company completed the redemption of an additional 15,000 NCDs (Series I), bringing the full redemption of Series I NCDs to ₹ 250,00,00,000 (Rupees Two Hundred Fifty Crore Only), issued on April 30, 2025.
These transactions confirm that no amounts remain outstanding in respect of the aforementioned NCD series.
Stock Price Movement
Standard Capital Markets Ltd shares settled at ₹0.40 on Friday, recording no movement for the day. Throughout the session, the stock traded within a range, bouncing between a low of ₹0.39 and a high of ₹0.41.Source:
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