We wish to inform you that the board of directors of Standard Capital Markets Limited ("the Board" and "the Company", respectively) at its meeting held today i.e., Tuesday, March 31st, ....

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+0.0%1-day move

₹0.38

prior close

₹0.38

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+2.6+2.6+2.6+2.6+0.0+2.6+0.0+0.0+2.6+5.3+5.3+2.6+2.6+2.6

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AI summary

The board of Standard Capital Markets has approved the sale of its entire stake in wholly owned subsidiary KRV Brooms Private Limited to Standard Infracap Services Limited (a promoter group company) for ₹1,00,000, expected to complete by April 5, 2026. KRV Brooms contributed 0% to the company's consolidated revenue but had a negative net worth of about ₹47.57 lakh as of December 31, 2025. The transaction is a related party deal, claimed to be at arm's length, and is described as a step to streamline the company's investment structure and focus on core operations. Separately, Mr. Gaurav Jindal resigned as Chairperson effective March 31, 2026, and was appointed as Advisor to the Board from April 1, 2026 at a remuneration of ₹50,000 per month.

Likely market impact

Since the subsidiary had zero revenue contribution and the sale price is nominal, the direct financial impact on shareholders is small. However, the transaction is with a promoter group entity, so investors may want to watch for any further related party dealings and the rationale behind the restructuring.