Fixation of term of Mr. Sarfaraz Mallick (Executive Director) for a term of 3 years
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Regency Fincorp held its AGM on 3 September 2025 where shareholders approved several key items. Mr. Sarfaraz Mallick's appointment as Executive Director was ratified for a 3-year term from 29 March 2025 to 28 March 2028, and his remuneration was increased. Mr. Gaurav Kumar was re-appointed as Managing Director for 3 years effective 25 August 2025, at a monthly pay of up to Rs. 3.5 lakh. Mr. Vishal Rai Sarin, Whole Time Director, also received a pay hike. The company's borrowing limits were increased, and Shailendra Roy and Associates was appointed as Secretarial Auditor for a 5-year term (1 April 2025 to 31 March 2030).
Leadership continues unchanged with re-appointments and no resignations, providing stability. Higher executive pay and expanded borrowing capacity suggest growth ambitions but will also raise fixed costs, while the new secretarial auditor strengthens compliance oversight.