Approved the remuneration payable to Mr. Gaurav Kumar, Mr. Sarfaraz Mallick and Mr. Vishal Rai Sarin
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At the Annual General Meeting held on 3rd September 2025, shareholders of Regency Fincorp Ltd approved several key items. Mr. Gaurav Kumar was re-appointed as Managing Director for a further 3-year term starting 25th August 2025, with a monthly remuneration of up to Rs. 3,50,000. The term of Mr. Sarfaraz Mallick as Executive Director was ratified for 3 years (29th March 2025 to 28th March 2028), and his remuneration was increased. Remuneration of Whole Time Director Mr. Vishal Rai Sarin was also increased. Additionally, Shailendra Roy and Associates was appointed as the new Secretarial Auditor for 5 years (FY2025-30), and the company's borrowing limits were raised.
These are routine governance approvals with no major strategic shifts. The rise in remuneration for two whole-time/whole-time-equivalent directors warrants a look at the company's overall compensation costs, while the higher borrowing cap signals room for more debt-funded expansion.