Standard Capital Markets Begins Redemption Of NCDs

05 Mar 2026 CW Team

Standard Capital Markets Limited (the Company) has commenced the redemption of its outstanding non-convertible debentures after discussions with the subscriber regarding a proposed revision to the interest rate. The instruments had originally carried an interest rate of 10 per cent per annum as agreed at issuance and the subscriber recently requested an increase to 13 per cent per annum. Following detailed internal evaluation the Company decided not to accept the proposed increase and resolved to proceed with redemption under the agreed terms.

The decision followed a careful review of the Company’s financial strategy, cost of funds and long term business objectives and was taken with a view to maintaining financial prudence and discipline. The redemption is being executed in accordance with the NCD agreement and applicable regulatory provisions and the Company has stated that contractual obligations will be fully honoured. Management considered that the step best serves the aim of optimising the capital structure and managing borrowing costs responsibly.

The Company confirmed that the redemption process has been initiated and that it does not expect any adverse impact on ongoing operations, liquidity position or growth plans. The Company is exploring options to raise capital by way of equity infusion to support future activities and sustain strategic expansion. Standard Capital Markets Limited remains committed to sustaining financial stability while pursuing its business objectives.

The management reiterated its commitment to transparency and regulatory compliance and to maintaining strong relationships with investors and stakeholders. The course of action was described as aligned with the objective of protecting shareholder value and supporting long term growth. The Company will continue to assess funding alternatives and to communicate material developments to stakeholders in a timely manner.

Infrastructure Transport

30 May 2026

Chembur Metro to Boost East Mumbai Links

MMRDA is advancing eastern Mumbai’s urban mobility network, with the upcoming Chembur Metro Station set to emerge as a key interchange and the Mumbai Monorail preparing for relaunch.Dr Sanjay Mukherjee, Metropolitan Commissioner, MMRDA, conducted a site visit to Chembur Metro Station along with Kanhuraj Bagate, Managing Director, MMMOCL. He also visited the nearby VN Purav Monorail Station to review system preparedness and ease of interconnectivity.Once operational, the interchange is expected to offer commuters across the eastern suburbs quicker access, smoother transfers and seamless conne..

Herrenknecht TBMs Drive Thane–Borivali Tunnel Progress

Herrenknecht India has supplied two of the four tunnel boring machines (TBMs) required for the 11-km Thane–Borivali Twin Tunnel Project being developed by the Mumbai Metropolitan Region Development Authority (MMRDA). The project is expected to reduce travel time between Thane and Borivali from 60–90 minutes to around 15 minutes while easing congestion across the Mumbai Metropolitan Region.The first two Single Shield TBMs, named Nayak and Arjuna, feature 13.34-m cutterhead diameters and are designed for hard-rock excavation. They will be deployed to tunnel through the challenging geological..

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..