We Wish to inform you that the Board of Director of the company by circular held today approve the allotment of 14510 NCDs
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Standard Capital Markets Ltd has allotted 14,510 unrated, unlisted, secured Non-Convertible Debentures (NCDs) of Series V through private placement. Each NCD has a face value and issue price of Rs. 1,00,000, taking the total raise to Rs. 145.10 crore. The allotment was approved by the Board via circulation on May 15, 2025, following prior intimations dated April 30 to May 14, 2025 regarding the fund-raising exercise. The NCDs are secured but unrated and unlisted.
The company has successfully raised Rs. 145.10 crore in debt funding, which will strengthen its capital base. Since the NCDs are unrated and unlisted, this is a privately arranged borrowing and is unlikely to have a direct impact on the listed stock price, though it adds to the company's debt obligations.