We wish to inform you that the Board of Director of the Company through circular today approved and considered the Allotment of Series II 10000 NCDs
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Standard Capital Markets Ltd's Board of Directors, through a circular resolution on May 7, 2025, approved the allotment of 10,000 unrated, unlisted, secured Non-Convertible Debentures (NCDs) of Series II. Each NCD has a face value and issue price of Rs. 1,00,000, meaning the total issue size aggregates to Rs. 100 Crores. The NCDs were issued on a private placement basis. The company also confirmed that the allotment of Series I NCDs was completed on May 6, 2025. The filing references prior intimation letters dated April 30, May 2, May 5, and May 6, 2025 regarding the overall NCD fund-raising plan.
The company is raising Rs. 100 Crores through privately placed secured debentures, which will strengthen its balance sheet. Since the NCDs are unrated and unlisted, retail shareholders cannot participate directly; the dilution risk for equity holders is nil, though the increased debt load adds to the company's leverage.