The Company has redeemed its 8500 NCD aggregarting to amounting Rs 850000000
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Standard Capital Markets Ltd has partially redeemed 8,500 Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (NCDs) with a face value of Rs. 1,00,000 each, totaling Rs. 85 crore. These NCDs carried a 10% interest rate and were originally allotted to a debenture holder between October 30, 2024 and February 14, 2025. The redemption was approved by the Board on February 21, 2026, as per the original terms of issue. Post this redemption, the company still has 48,702 NCDs outstanding, indicating the Rs. 85 crore was only a portion of its total NCD obligations.
The company has reduced its debt burden by Rs. 85 crore, which is a positive signal for shareholders as it lowers future interest outflows. However, since a large number of NCDs (48,702) still remain outstanding, the overall leverage position remains material. No immediate share price catalyst is expected from this routine debt repayment.