New Delhi, May 19 -- Penny stock, Non-banking financial company (NBFC), Standard Capital Markets on Monday, 19 May 2025, announced that the board of directors has approved the allotment of equity shares to non-promoters as a conversion of outstanding loans, according to the exchange filing.

The company allocated 72,45,74,640 equity shares with the face value of Re 1 apiece for an outstanding loan amount of Rs.94,19,47,032 at an issue price of Rs.1.30.

"We hereby inform you that the Preferential Issue Committee of the Board of Directors of Standard Capital Markets Limited today i.e. May 19, 2025 has, inter alia, considered and approved the allotment of 72,45,74,640 Equity Shares face value of Re 1/- each to the person belonging to Non-Pr...