Board considered and approved to issue Non-Convertible Debentures.
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Regency Fincorp's board, meeting on 6 January 2026, approved the issuance of secured, rated, listed Non-Convertible Debentures (NCDs) worth INR 25 Crores on a private placement basis. The issue will consist of 2,500 NCDs with a face value of INR 1 lakh each, carrying a fixed interest rate of 14% per annum payable monthly. The principal will be repaid in 12 months, with 95% in the 6th month and the remaining 5% at maturity. The NCDs will be listed on BSE, secured with 1.25x asset cover, and will use an Electronic Book Provider for allotment. Infomerics Valuation and Rating was appointed as the credit rating agency, and Catalyst Trusteeship Limited as the debenture trustee.
This is a debt-raising move, not equity dilution, so existing shareholders won't face ownership dilution. However, the high 14% coupon and aggressive 95% principal repayment in 6 months signal significant borrowing costs and near-term cash outflow pressure on the company.