This is to inform you that the company received a disclosure under Reg 29(1) of SEBI (SAST) of Yucca Merchants Private Limited
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Yucca Merchants Private Limited has acquired 33,99,59,256 equity shares (about 33.99 crore shares) of Standard Capital Markets Limited, representing 13.85% of the company's total voting capital. The shares were allotted on a preferential basis on May 19, 2025. Before this acquisition, Yucca held NIL shares in the company, so its entire 13.85% stake is freshly acquired. Yucca Merchants is NOT classified as part of the promoter or promoter group of Standard Capital Markets. The disclosure was filed under SEBI (SAST) Regulation 29(1) because the acquirer's holding crossed the 10% disclosure threshold. As part of this preferential allotment, Standard Capital's total equity share capital expanded from Rs. 173 crore (173 crore shares) to Rs. 245.45 crore (245.45 crore shares of Re. 1 each).
A new non-promoter shareholder now holds a significant 13.85% stake, leading to dilution of existing shareholders. Since Yucca is not a promoter, this does not signal any change in promoter control but does indicate a sizeable new institutional/investor entry into the company.