There is cheerful news for the shareholders of Standard Capital Markets Ltd, a leading player in the segment of financial services. The company has gone for a stock split in the ratio of 1:10 (sub-division of one stock of the face value of Rs 10 into 10 shares of face value of Re 1) and a bonus issue in the ratio of 2:1 (two bonus shares for every share of Re 1 held by the shareholder). Resolutions for both these decisions were approved at the recent extraordinary general meeting of the company and the outcome of this EGM has been submitted to the stock exchange, the BSE.

The shareholders present at the EGM also approved the appointment of Ms Divya Kwatra (DIN 08084104) as a non-executive and independent director through the passing of a special resolution, as well as the increase in the authorised share capital and consequent alteration of the capital clause of the memorandum of association of the company through an ordinary resolution.

A special characteristic of this leading player in the financial services sector is the fact that embracing the uniqueness of each client, the company consistently strives to deliver personalized, professional services. It upholds an unwavering commitment to every client while adhering rigorously to the best professional norms and practices, exuding dynamism in every interaction. The company offers a diverse range of Personal Loans, ensuring not only competitiveness but also flexible repayment terms. With its support, clients can confidently pursue their goals without confusion or worry. For businesses seeking financial support, the company extends Business Loans with flexible overdraft options.

STUDENT-FRIENDLY

The company empowers clients to stay ahead of the competition by providing prompt financial assistance, fostering business growth with ease. The Flexi Overdraft feature simplifies cash flow management, allowing easy access to funds as needed, and eliminating the complexities of traditional loan applications.

Upcoming products from the company include Fee Financing and Gold Loans. The Fee Financing offerings cater to aspiring students and parents, simplifying educational expenses. The tech-driven platform enables swift and effortless applications for fee financing, ensuring accessible and affordable education for all. Simplified Gold Loans offered by the company provide an instant solution for urgent financial requirements, leveraging gold holdings without delays or excessive paperwork.

The company is dedicated to nurturing a culture of learning and progress, reflected in its offerings of Educational Loans. It is an upcoming product aimed at supporting aspiring learners in accessing quality education. With a focus on flexible repayment options, the company alleviates financial constraints for students, enabling them to pursue academic aspirations. Its financial assistance endeavours ensure academic pursuits are within reach, offering competitive interest rates and streamlined online application processes.

FARMER-FRIENDLY

In line with its commitment to empowerment, the company is working towards extending Agriculture Loans (an upcoming product), recognizing farmers as the cornerstone of the Agriculture Loan offering. Timely financial assistance for various farming activities, including crop cultivation, equipment purchases, and farm modernization, among others, underscores the company’s dedication. The advanced loaning platform will ensure transparency and minimal formalities, facilitating instant access to funds for all contributors to India’s agrarian sector. The securities of the company are listed on BSE (BSE: 511700).