The Company has received a Letter of Intent from the Resolution Professional - Paymark payment Technologies & Services Private Limited on 12th january 2026 informing that the COC of the ....
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On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.8 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Standard Capital Markets received and accepted a Letter of Intent from the Resolution Professional of Paymark Payment Technologies & Services Pvt Ltd on 12 January 2026. The Committee of Creditors (CoC) of Paymark has approved Standard Capital's resolution plan submitted under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code, 2016. The CIRP had commenced pursuant to an order passed by the NCLT Delhi Bench. The resolution plan will now be placed before the NCLT for its final approval. Implementation remains subject to NCLT clearance and any other regulatory or court approvals.
If cleared by the NCLT, Standard Capital Markets stands to acquire or revive Paymark Payment Technologies through the IBC route, potentially expanding into the fintech/payments space. The stock may attract some positive attention, but the deal is not yet final until NCLT grants its nod.