We Wish to inform you that the Board of Director of the Company today by circular approve the Allotment of 17000 NCDs
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The Board of Directors of Standard Capital Markets Ltd, by circulation on May 14, 2025, approved the allotment of 17,000 unrated, unlisted, secured Non-Convertible Debentures (NCDs) of Series IV. Each NCD has a face value of Rs. 1,00,000 and was issued at the same price of Rs. 1,00,000, aggregating to Rs. 170 crore. The NCDs were issued on a private placement basis. With this allotment, the company has completed the issuance of NCDs under Series III.
The company has raised Rs. 170 crore through secured NCDs, strengthening its debt capital. Existing shareholders may see some dilution of future earnings depending on the coupon rate, but the NCDs are unlisted and issued privately, so there is no immediate impact on share price or public shareholding.