Partial Redemption of 10% Secured Non Convertiable Debentures
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Awaiting price reaction for this filing.
Standard Capital Markets Ltd has partially redeemed 20 of its 10% secured, unlisted, unrated, non-convertible debentures (NCDs), each with a face value of Rs. 10 lakh, aggregating to Rs. 2 crore. The redemption was carried out on October 24, 2025, on a pro-rata basis, ahead of the scheduled maturity, after the company received receivables from pledged or charged securities. Post-redemption, 1,665 NCDs remain outstanding, with a total outstanding principal of Rs. 16.65 crore plus interest. The debentures were originally allotted to the holder on July 30, 2024.
This reflects an early, voluntary debt repayment using proceeds from pledged assets, reducing the company's outstanding debt burden modestly. For shareholders, it signals deleveraging but the size is small (Rs. 2 crore vs Rs. 16.65 crore remaining), so limited material impact on the stock is expected.