We wish to inform you that the Board of Director of the Company by circular held today considered & approved the allotment of 7900 NCD
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Standard Capital Markets Ltd has allotted 7,900 unrated, unlisted, secured Non-Convertible Debentures (NCDs) on a private placement basis. Each NCD has a face value of Rs. 1,00,000 and was issued at the same price (at par), bringing the total fund raise to Rs. 79 Crores. The decision was approved by the Board of Directors via circulation on May 6, 2025. This allotment follows earlier intimations dated April 30, May 2, and May 5, 2025 regarding the fund-raising exercise. The NCDs are non-convertible, meaning they will not dilute existing equity shareholders.
The company is raising Rs. 79 Crores through debt, which will add to its interest obligations but will not dilute shareholder equity since these are non-convertible debentures. Investors should monitor the company's ability to service this additional debt and watch for any disclosure of coupon rates.