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.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..