NBFC Stock Below Rs 2 Declares NCDs of Rs 500 Cr; 633% Return In Year

One of D-Street's multibagger stocks is Standard Capital Markets Ltd., whose stock has gone up by more than 630% in only a single year. The NBFC company under Rs 2 has issued NCDs of Rs 500 Cr, therefore despite this, the stock will be under spotlight in the upcoming sessions.

"With reference to our letter dated October 21st, 2024, Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you that the Board of Directors of the Standard Capital Markets Limited in its Meeting held today i.e. October 24th, 2024 at 2:45 P.M. and Concluded at 03:35 P.M. at its Registered office have, inter - alia, Considered, approved the issuance of upto 50,000 (Fifty Thousand) Secured, Unlisted, Unrated, Redeemable Non-convertible Debentures ("NCDs") having a face value of INR 1,00,000 (Indian Rupees One lakh) each, aggregating up to an amount of INR 500,00,00,000/- (Rupees Five Hundred Crores Only) in one or more tranches on a Private Placement basis, in accordance with the provisions of Companies Act, 2013 and other applicable laws," the company said in a stock exchange filing.

The above NCDs come with a tenure of 60 months and/or 31st October 2029 whichever is earlier whereas the coupon interest offered is 10% payable at the end of the tenor of the NCD.

Standard Capital has launched a zero-cost EMI plan for schools and other educational institutions looking to purchase interactive flat panels (IFPs) on October 11. Standard Capital is expected to generate between 15 and 16 percent a year on its assets under management (AUM) without putting undue strain on the educational system. The company has pledged Rs 100 crores for this new financial endeavour, demonstrating its commitment to generating value for shareholders in both the financial and social spheres.

Leading Non-Banking Financial Company (NBFC) Standard Capital established a comprehensive funding program last month with the goal of assisting electric vehicle (EV) mobility solutions and renewable energy projects throughout India. The program's main goal is to assist companies in implementing green energy solutions, which will help create a more economical and sustainable energy environment. Standard Capital's investment will offer vital financial assistance for projects that install solar panels and other renewable energy systems, in keeping with India's expanding clean energy initiatives. As of 2023, India had deployed more than 68 GW of solar power, demonstrating its notable progress in the renewable energy industry. This drive is a component of the nation's broader objective to reach 500 GW of renewable energy capacity by 2030.

Furthermore, Standard Capital is offering its financial assistance to companies who are venturing into the electric vehicle (EV) mobility market. The NBFC is helping the country move towards a cleaner, more energy-efficient future by facilitating the adoption of green energy and EV transportation solutions.