Standard Capital Markets Enters EV Financing With Rs 1 Billion Investment Plan

On Tuesday, Standard Capital Markets Limited (SCML) declared that it was entering into the electric vehicle (EV) financing market. The company will start providing financing options for electric two-wheelers and EV batteries as part of its development plan. This action is in line with SCML's mission to assist the expanding EV sector and advance environmentally friendly transportation. The financing scheme will provide funding for EV swappable batteries and electric two-wheelers, such as motorcycles and scooters.

Individual purchasers will have access to SCML's loans, which provide flexible repayment options and low rates of interest. As part of its foray into the electric vehicle (EV) finance market, the business will provide credit alternatives to individuals who want to utilise electric two-wheelers and EV batteries.

"Our move into the EV financing market marks a significant milestone in SCML's growth trajectory," said Mr. Ram Gopal Jindal , Managing Director of Standard Capital Markets Limited. "We recognize the critical role that electric vehicles will play in reducing carbon emissions and promoting environmental sustainability. As part of our efforts we are planning to deploy INR 1.00 Billion in the phased manner for EV Financing which may later be increased depending upon our leanings. By offering affordable financing solutions, we hope to bring meaningful impact in life of almost 10000 people in first year and hope to make EVs more accessible to a wider audience and encourage the transition to greener mobility," he further added.

Recently, the allocation of 2500 unrated, unlisted, secured NCDs with a face value of Rs. 1,00,000 each at an issue price of Rs. 1,00,000 each, totalling Rs 25 Cr, was authorised by the Standard Capital Markets Board of Directors at its meeting on January 31, 2025.

Following Standard Capital Markets Limited's announcement on Tuesday that it had successfully provided educational loans to more than 500 new students nationwide this fiscal year, the penny stock's share price surged.

"We are thrilled to have supported over 500 students in their educational journeys during the past 9 months," said Ram Gopal Jindal, Managing Director of Standard Capital Markets Limited. "We firmly believe that education is the cornerstone of personal and professional growth, and we are committed to making it more accessible for deserving students. Our aim is to provide financial assistance to students from diverse backgrounds, ensuring they have the opportunity to pursue their academic goals without the burden of financial constraints."

"We understand the challenges that students face when seeking funding for higher education," Ram Gopal Jindal, Managing Director stated. "With our education loan offerings, we are providing them not just with funds, but with the confidence to achieve their educational aspirations and build a brighter future."

The company's education loan services, which provide funding for a variety of courses, including health care management, law, and the arts, are tailored to the individual needs of students. Along with financial assistance, Standard Capital Markets Limited offers personalised loan counselling to make sure every student has the knowledge they need to make wise decisions on how to pay for their education.

The allocation of 4400 unrated, unlisted, secured NCDs with a face value of Rs. 1,00,000 each, at an issue price of Rs. 1,00,000 each, totalling Rs 44 Cr, on a private placement basis in accordance with a private placement basis was recently approved by the company's Board of Directors at its meeting on January 20, 2025. In contrast, the company's Board of Directors authorised the allocation of 4500 unrated, unlisted, secured NCDs with a face value of Rs. 1,00,000 each at an issue price of Rs. 1,00,000 each, totalling Rs 45 Cr, on a private placement basis during its meeting on January 17, 2025.

In contrast to its net profit of Rs 2.31 crore in the previous quarter, which ended in September 2023, Standard Capital Markets recorded a net loss of Rs 0.51 crore in the quarter that concluded in September 2024. Compared to the previous quarter, which ended in September 2023, when sales were Rs 5.65 crore, sales in the quarter ending in September 2024 increased 71.33% to Rs 9.68 crore. Standard Capital Markets is yet to declare the financial results for the quarter ended in December 2024.

A leading provider of financial services, Standard Capital Markets Limited is dedicated to providing a broad variety of loan, financing, and investment options.