BSECompany Update14 Sept 2026 · 14 Sept 2026, 06:16 pm
The Company has received the order from NCLT
Standard Capital Markets Ltd · 511700
✦ AI SummaryInsolvency
Standard Capital Markets Ltd has received approval from the National Company Law Tribunal (NCLT) for its resolution plan for Bhagirath Construction Company Private Limited under the Insolvency and Bankruptcy Code (IBC). The approved resolution plan has become effective from 09 September 2026.
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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern5/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact4/10
Market Sentiment5/10
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Full Announcement
Standard Capital Markets Ltd - 511700 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Approval Of Resolution Plan Of Bhagirath Construction Company Private Limited
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Ref no. SCML/2026-27/458
To, Date: 14 September 2026
Listing Operations
BSE Ltd
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai- 400001
Scrip Code: 511700
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 – Approval of Resolution Plan of Bhagirath Construction Company Private
Limited
Ref: Disclosure under CIRP pursuant to Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, read with Schedule III, Part A, Para A
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, we wish to inform the Exchange that the Hon’ble National Company Law Tribunal, Ahmedabad
Bench (Court-II) (“NCLT”), vide its Order pronounced on 09 September 2026 in IA(Plan) No. 13 of 2026
in CP(IB) No. 294/(AHM)/2023, has approved the Resolution Plan submitted by Standard Capital Markets
Limited (“Company”), in its capacity as the Successful Resolution Applicant (“SRA”), for the Corporate
Insolvency Resolution Process (“CIRP”) of Bhagirath Construction Company Private Limited (“Corporate
Debtor”), under Section 31 of the Insolvency and Bankruptcy Code, 2016 (“IBC”).
The Company has received the communication regarding the aforesaid approval from the Resolution
Professional of the Corporate Debtor. The approved Resolution Plan has become effective from 09
September 2026, being the date of the order passed by the Hon’ble NCLT.
Accordingly, the Company is making this disclosure to the Stock Exchange pursuant to the applicable
provisions of Regulation 30 of the SEBI LODR Regulations.
The approval of the Resolution Plan by the Hon’ble NCLT marks a significant milestone in the Company’s
resolution and investment activities. The Company shall proceed with the implementation of the approved
Resolution Plan in accordance with the terms and conditions thereof and the directions contained in the
order of the Hon’ble NCLT.
Thanking you,
Yours faithfully,
For Standard Capital Markets Limited
Ram Gopal Jindal
Managing Director
Din No. 06583160
Reg. Off. Unit NO. 226, D-Mall, cs@stancap.co.in 09871652226 www.stancap.co.in
Plot No. A1, Netaji Subhash Place
Pitampura, Delhi - 110034 info@stancap.co.in
CIN: L74899DL1987PLC027057