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Standard Capital Markets informs about outcome of board meeting

30 Oct 2024 Evaluate

In furtherance to intimation letter dated October 24 2024, relating to raising funds by the issue of Non-Convertible Debentures (‘NCDs’) on Private Placement basis and in accordance with Regulation 30 of SEBI LODR Regulations, Standard Capital Markets has informed that the Board of Directors of the Company in its meeting held on October 30, 2024 commenced at 2:45 pm and Concluded at 03:25 pm has approved the allotment of 7000 unrated, unlisted, secured NCDs, of face value of Rs 1,00,000 each at an issue price of Rs 1,00,000 each aggregating to INR 70,00,00,000 on Private Placement basis in terms of Private placement cum application letter. Details pursuant to SEBI LODR Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023, in his connection, has already been disclosed to the Stock Exchange via. above referred intimation(s).

The above information is a part of company’s filings submitted to BSE.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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