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.

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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.

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