This is to inform you that the Completed the Redemption of 979 NCD and interest thereon.
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Standard Capital Markets Ltd has completed the redemption of 979 Non-Convertible Debentures (NCDs) with a face value of Rs 10 lakh each, totaling Rs 97.90 crore, along with accrued interest. Additionally, the company has fully redeemed its entire series of Secured, Unlisted, Unrated NCDs aggregating to Rs 264.80 crore, which were issued on July 7, 2024. The filing confirms that no amount remains outstanding in respect of these NCDs. This is the final completion notice following earlier partial redemption intimations dated April 18 and April 24, 2026.
The full redemption of Rs 264.80 crore in NCDs represents a significant deleveraging event, removing debt obligations from the company's balance sheet. For shareholders, this strengthens the financial position by eliminating interest-bearing liabilities, though NCD holders have received their principal and interest back.