With reference to our letter dated June 27, 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. July 02nd 2024 at 5:00 P.M. and Concluded at 07:30 P.M. at its Registered office have, inter - alia, Considered, approved the issuance of Secured, Unlisted, Unrated, Redeemable Non-convertible Debentures ("NCDs") having a face value of INR 10,00,000 (Indian Rupees Ten lakh) each, aggregating up to an amount of INR 4,01,50,00,000/- (Indian Rupees Four Hundred One Crores Fifty Lakhs Only) in one or more tranches on a Private Placement basis, in accordance with the provisions of Companies Act, 2013 and other applicable Regulations.