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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

Real Estate

10 Jul 2026

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Real Estate

10 Jul 2026

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..