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.