We wish to inform you that the Board of Director of Company by circulation held today that 05th May 2025 has consider and approve the allotment of 2100 NCD
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Awaiting price reaction for this filing.
The Board of Directors of Standard Capital Markets Ltd, by circulation on May 5, 2025, approved the allotment of 2,100 unrated, unlisted, secured Non-Convertible Debentures (NCDs). Each NCD has a face value and issue price of Rs. 1,00,000, meaning they were issued at par (no discount or premium). The total amount raised is Rs. 21 crore (2,100 x Rs. 1 lakh), although the filing erroneously mentions 'One Hundred Crores Only' in words. The NCDs were placed privately with selected investors, following the company's earlier intimations dated April 30, May 2, and May 5, 2025 about the fund-raising plan.
The company has raised Rs. 21 crore through debt (NCDs), which adds to its borrowings without diluting existing shareholders. Since the NCDs are unrated and unlisted, this is a relatively small private debt raise and unlikely to materially move the stock price.