We wish to inform you that the Board of Director of the company by circulation held today i.e 02nd May 2025 has considered and approved the allotment of 5000 NCD
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Awaiting price reaction for this filing.
Standard Capital Markets Ltd has allotted 5,000 Non-Convertible Debentures (NCDs) on a private placement basis, raising a total of Rs. 50 Crores. Each NCD carries a face value of Rs. 1,00,000 and was issued at the same price (at par). The NCDs are unrated, unlisted, and secured. The allotment was approved by the Board of Directors via circulation on May 02, 2025, following the company's earlier intimation dated April 30, 2025, about raising funds through NCDs. The debentures were issued under a private placement cum application letter.
The company has successfully raised Rs. 50 Crores through debt, which will strengthen its capital base but also add to its repayment obligations. Since the NCDs are unsecured-rated and unlisted, retail investors on the exchange are not directly impacted, though existing shareholders should note the increased leverage.