Board considered and approved the allotment of equity Shares and other matters.
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Regency Fincorp's Board approved the allotment of 66,20,201 equity shares at Rs. 22 each (including Rs. 12 premium) upon conversion of an equal number of warrants, to promoters, promoter group and non-promoter/public allottees on a preferential basis. The company received Rs. 10.92 crore as the balance 75% amount from warrant holders exercising their conversion right. These warrants were part of a larger issue of 4,33,12,272 warrants originally allotted on 28 December 2024; 1,10,91,668 warrants remain outstanding and may be converted within 18 months. Post-allotment, paid-up equity capital stands at Rs. 80.17 crore divided into 8,01,71,071 shares of Rs. 10 each. Separately, the Board approved the Green Bond Committee's decision to finance a Green Telecom Infrastructure Project by Cosmos Power Technologies Ltd, covering hybrid renewable energy systems (wind, solar, battery storage) across 100 telecom tower sites in Maharashtra.
Existing shareholders face dilution as 66.2 lakh new shares are added to the capital base, though the conversion had been pre-approved and was largely expected. The Green Bond-funded telecom sustainability project signals diversification into sustainable finance and green infrastructure, potentially opening new revenue streams but also adding execution and concentration risk tied to a single project partner.