Allotment of Equity shares pursuant to conversion of warrants. Details as enclosed.
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Awaiting price reaction for this filing.
Regency Fincorp's board, at its meeting on 17 October 2025, approved the conversion of 40,86,162 warrants into an equal number of fully paid-up equity shares at Rs. 22 each (face value Rs. 10 plus Rs. 12 premium) on a preferential basis. The allottees include both promoters/promoter group and non-promoters/public category, with the company receiving Rs. 6.74 crore as the balance 75% payment from warrant holders. As a result, the company's paid-up equity capital has increased to Rs. 73.55 crore, comprising 7,35,50,870 shares of Rs. 10 each. Around 1.77 crore warrants from the original 4.33 crore issued in December 2024 are still pending conversion.
This is a dilution event for existing shareholders as new shares are being issued, though it also brings fresh capital into the company. Existing shareholders will see their proportional ownership reduce marginally, and the stock may face some short-term selling pressure from new allottees, though the warrants were issued nearly a year ago so much of this may already be priced in.