We wish to inform you that the company has released a Press Release. A Copy of the same is annexed for your ready referance.
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Awaiting price reaction for this filing.
Standard Capital Markets Limited (SCML), a Delhi-based NBFC, has received approval from the National Stock Exchange (NSE) for registration under the Corporate Bond Reporting and Integrated Clearing and Settlement (CBRICS) platform as a Permanent Registered Participant. This authorization enables SCML to trade and execute transactions in corporate bonds and other eligible debt instruments through the CBRICS platform. The company has already executed its first set of trades under this new registration. Management stated that this move aligns with their long-term vision to expand their fixed income segment and contribute to the growth of India's debt market.
This is a positive development that broadens SCML's revenue potential by adding corporate bond trading to its service offerings as an NBFC. Investors may view this as a step toward diversifying the company's business beyond lending and advisory into the fixed income/debt market segment.