We Wish to inform you that the Board of Director of the Company by circular approved the allotment of 13000 NCD
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Standard Capital Markets Ltd has allotted 13,000 unrated, unlisted, secured Non-Convertible Debentures (NCDs) of Series III at face value of Rs. 1,00,000 each, totalling Rs. 130 Crores. The allotment was approved by the Board via circular resolution on May 13, 2025, on a private placement basis. With this allotment, the issuance of Series III NCDs stands fully completed. The company had earlier intimated the stock exchange about this fund-raising between April 30 and May 8, 2025. No coupon rate or specific investor details were disclosed in the filing.
The company has raised Rs. 130 Crores in debt, which will increase its overall debt obligations. Since these NCDs are unrated and unlisted, the cost of borrowing is likely higher, and shareholders should monitor how this capital is deployed and its impact on the company's leverage and earnings.