Standard Capital Markets Begins Redemption Of NCDs

04 Mar 2026 CW Team

Following consideration of its financial strategy, cost of funds and long term business objectives, the company decided not to accept the proposed increase and resolved to proceed with redemption in accordance with the NCD agreement and applicable regulations. The redemption process has started pursuant to the agreed terms, with the company affirming compliance with contractual obligations and statutory provisions. Management stated that the move is intended to preserve financial prudence and discipline while protecting shareholder value.

The company indicated that the decision to redeem reflects a commitment to optimise its capital structure and manage borrowing costs responsibly while seeking to enhance shareholder wealth. It confirmed that the redemption will not have any adverse impact on ongoing operations, liquidity position or planned growth as the company is exploring options to raise capital by way of equity infusion. Standard Capital Markets Limited emphasised that it remains financially stable and focused on expanding business activities in a sustainable and strategic manner.

The company reiterated its commitment to transparency, regulatory compliance and maintaining strong relationships with investors and stakeholders, and advised that the information will be hosted on the company website. The board authorised the disclosure to the stock exchange in line with listing obligations and disclosure requirements. Stakeholders were encouraged to refer to official filings for further details.

Standard Capital Markets Limited announced on February 24, 2026 that it has commenced redemption of its outstanding Non-Convertible Debentures (NCDs) after engaging with the subscriber over a proposed revision to the interest rate. The company explained that the NCDs were originally issued carrying an interest rate of 10 per cent per annum as mutually agreed at the time of issuance. The subscriber recently requested an increase in the interest rate to 13 per cent per annum and the company undertook detailed internal evaluation before reaching a decision. Following consideration of its financial strategy, cost of funds and long term business objectives, the company decided not to accept the proposed increase and resolved to proceed with redemption in accordance with the NCD agreement and applicable regulations. The redemption process has started pursuant to the agreed terms, with the company affirming compliance with contractual obligations and statutory provisions. Management stated that the move is intended to preserve financial prudence and discipline while protecting shareholder value. The company indicated that the decision to redeem reflects a commitment to optimise its capital structure and manage borrowing costs responsibly while seeking to enhance shareholder wealth. It confirmed that the redemption will not have any adverse impact on ongoing operations, liquidity position or planned growth as the company is exploring options to raise capital by way of equity infusion. Standard Capital Markets Limited emphasised that it remains financially stable and focused on expanding business activities in a sustainable and strategic manner. The company reiterated its commitment to transparency, regulatory compliance and maintaining strong relationships with investors and stakeholders, and advised that the information will be hosted on the company website. The board authorised the disclosure to the stock exchange in line with listing obligations and disclosure requirements. Stakeholders were encouraged to refer to official filings for further details.

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