The Board of Director has approved the Amendment in Repayment Term in NCD and approved the Partial Redeemption of NCD
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The Board of Standard Capital Markets Ltd has approved two changes to its Non-Convertible Debentures (NCDs). First, the repayment terms of its secured, unlisted, unrated, redeemable NCDs (issued on 30 April 2025 in five series) have been amended from a bullet repayment at the end of the tenor to redemption upon receipt of receivables from the pledged/charged securities, aligning debt repayment with underlying cash flows. Second, the company has partially redeemed 500 NCDs with a face value of Rs. 1,00,000 each, aggregating to Rs. 5 crore, on 20 March 2026. The remaining balance of secured NCDs stands at 36,202 debentures. Debenture holders have been informed and necessary consents obtained.
The amendment signals that the company is matching its NCD repayments to actual cash inflows from pledged securities rather than waiting for maturity, which may improve liquidity management. The Rs. 5 crore partial redemption reduces outstanding debt and is positive for existing debenture holders, though shareholders should note the NCDs were originally structured as unrated and backed by pledged securities.