Standard Capital Markets Announces NCD Redemption

04 Mar 2026 CW Team

The subscriber sought an increase in the interest rate to 13 per cent per annum and the company undertook a detailed internal evaluation against its financial strategy, cost of funds and long term business objectives. Following careful consideration the company resolved not to accept the proposed increase. The evaluation considered the impact on shareholder returns and the company's capital allocation priorities.

In accordance with the terms of the debenture agreement and applicable regulatory provisions the company has initiated redemption as permitted under the agreed terms, ensuring compliance with contractual obligations and relevant laws. The management stated that the decision reflects a focus on financial prudence and discipline to protect shareholder value.

The company confirmed that the redemption will not have any adverse impact on ongoing operations, liquidity position or growth plans and noted that it is exploring options to raise capital by way of equity infusion. Standard Capital Markets Limited said it remains financially stable and continues to pursue sustainable and strategic expansion of its business activities. Management indicated that liquidity buffers will be preserved and relationships with lenders will be maintained.

The company also reiterated its commitment to transparency, regulatory compliance and maintaining strong relationships with investors and stakeholders while seeking to optimise its capital structure and manage borrowing costs responsibly. The board will continue to monitor market conditions and capital requirements to support long term objectives. The company will monitor macroeconomic conditions and the cost of funds closely.

Standard Capital Markets Limited has commenced redemption of its outstanding non-convertible debentures after discussions with the subscriber concerning a proposed revision in the interest rate. The debentures were originally issued carrying an interest rate of 10 per cent per annum as agreed at issuance. The process has been initiated promptly under the agreed timelines and will follow prescribed settlement procedures. The subscriber sought an increase in the interest rate to 13 per cent per annum and the company undertook a detailed internal evaluation against its financial strategy, cost of funds and long term business objectives. Following careful consideration the company resolved not to accept the proposed increase. The evaluation considered the impact on shareholder returns and the company's capital allocation priorities. In accordance with the terms of the debenture agreement and applicable regulatory provisions the company has initiated redemption as permitted under the agreed terms, ensuring compliance with contractual obligations and relevant laws. The management stated that the decision reflects a focus on financial prudence and discipline to protect shareholder value. The company confirmed that the redemption will not have any adverse impact on ongoing operations, liquidity position or growth plans and noted that it is exploring options to raise capital by way of equity infusion. Standard Capital Markets Limited said it remains financially stable and continues to pursue sustainable and strategic expansion of its business activities. Management indicated that liquidity buffers will be preserved and relationships with lenders will be maintained. The company also reiterated its commitment to transparency, regulatory compliance and maintaining strong relationships with investors and stakeholders while seeking to optimise its capital structure and manage borrowing costs responsibly. The board will continue to monitor market conditions and capital requirements to support long term objectives. The company will monitor macroeconomic conditions and the cost of funds closely.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

Infrastructure Urban

07 Aug 2026

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Infrastructure Transport

07 Aug 2026

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..