Standard Capital Markets Ltd — Important, 12-01-2026: Company Update

Standard Capital Markets Limited's resolution plan for Paymark Payment Technologies & Services Private Limited has been approved by the Committee of Creditors during Paymark's insolvency process. The company received and accepted a Letter of Intent confirming this approval. This plan will now be submitted to the National Company Law Tribunal for its final endorsement. This development positions Standard Capital Markets to potentially acquire or revive Paymark, impacting its future business operations.