The Board of Directors of the company has approved the circular resolution for partial redemption.
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Standard Capital Markets Ltd has partially redeemed 123 Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (NCDs), each with a face value of Rs. 10 lakh, aggregating to Rs. 12.30 crore. The redemption was carried out on March 30, 2026, per the original terms and conditions of the NCD issue, with board approval received via circulation. These debentures were originally allotted on July 30, 2024, at the request of the debenture holder. After this partial redemption, the balance number of 10% Secured NCDs outstanding stands at 881 debentures. The company informed the stock exchange of this development under SEBI's Listing Regulations.
The partial redemption reduces the company's outstanding debt by Rs. 12.30 crore, lowering its interest burden and overall leverage. For shareholders, this signals disciplined debt management and improved financial flexibility, though it also means cash outflow from the company.