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Standard Capital Markets has initiated the redemption of its outstanding Non-Convertible Debentures (NCDs). This decision follows the subscriber's request to increase the NCD interest rate from 10% to 13% per annum, which the company declined after a detailed internal evaluation. Management emphasized that this move aligns with its commitment to financial prudence, optimizing capital structure, and managing borrowing costs. The company stated the redemption will not adversely impact ongoing operations, liquidity, or growth plans, and it is actively exploring equity infusion options to raise capital.