Appointment of Company Secretary and Compliance officer
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Regency Fincorp's board, at its meeting on 17th September 2025, approved the appointment of Mr. Abhimanyu (Membership No. A49176) as both Company Secretary & Compliance Officer and Internal Auditor, effective the same day. He is a qualified Company Secretary with 7 years of experience and holds an M.Com degree. The board also approved altering the main objects clause of the Memorandum of Association to add new business activities, notably Prepaid Payment Instruments (PPIs), digital wallets, UPI/QR-based payments, payment aggregation, and merchant payment gateway services, subject to shareholder approval via postal ballot. Additionally, the board approved adopting new MOA and AOA aligned with the Companies Act 2013, conversion of existing loans into equity shares, and the postal ballot calendar (e-voting from 20th September to 19th October 2025).
The expansion into digital payments and fintech (PPIs, wallets, UPI) signals a strategic pivot from pure lending to digital financial services, which could be a positive growth catalyst if executed well. However, loan-to-equity conversion will dilute existing shareholders, and the postal ballot outcomes remain pending.