Standard Capital Markets Ltd — Updates, 19-05-2025: Company Update

Standard Capital Markets Limited has announced a board meeting. The company has approved the allotment of 72.46 billion equity shares at an issue price of Re. 1.30 each to non-promoter entities, converting outstanding loans totaling Rs. 94.19 crore into equity. Following this allotment, the paid-up equity share capital has increased to Rs. 245.46 crore. This move reduces the company’s debt and strengthens its equity base, potentially improving financial stability and shareholder value.