In Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, the Board of Directors of the Company in its meeting held on April 04, 2025 ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Standard Capital Markets Ltd met on April 4, 2025 (4:00 PM to 4:28 PM) and approved four key items. First, M/s Virender Kumar & Associates was appointed as Secretarial Auditor for FY 2024-25, replacing a previous auditor who had resigned. Second, M/s Verma Priyanka & Co. (FRN: 039663N) was appointed as Internal Auditor for FY 2024-25 and 2025-26. Third, the company partially redeemed 656 secured non-convertible debentures (NCDs) worth Rs. 65.6 crore on April 11, 2025 on a pro-rata basis, leaving 1,992 NCDs outstanding (Rs. 199.2 crore). Fourth, the board revised its earlier proposal (from March 8, 2025) to incorporate 'Standard Global LLP' as the investment manager for its Category III Alternative Investment Fund, 'Standard Global Opportunities Fund', with the company contributing 98% (Rs. 98,000).
The auditor appointments are routine compliance matters and should not affect the stock. The Rs. 65.6 crore NCD redemption signals active debt reduction using proceeds from pledged securities, which modestly improves the balance sheet. The LLP move marks an entry into AIF management, a new business line beyond the company's core operations, but the contribution amount is minimal so near-term financial impact is negligible.