We Wish to inform you that the Board of Director of the Company by circulation held today i.e 05th May 2025 consider and approved the allotment of 10000 NCDs of the face value 100000
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 has allotted 10,000 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 of Rs. 1,00,000, meaning at par with no discount or premium. The total amount raised is Rs. 100 crore. The allotment was approved by the Board of Directors via circulation on May 5, 2025, following earlier intimations dated April 30 and May 2, 2025. The debentures are secured but unrated and unlisted.
The company has successfully raised Rs. 100 crore through debt, which strengthens its capital base without diluting equity shareholders. The use of proceeds is not disclosed, so investors may want clarity on how this debt will be deployed.