Members of the company have approved amendments to Memorandum and Articles of association of the Company through Postal Ballot. Details as enclosed
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Regency Fincorp has received shareholder approval via postal ballot for three key changes. First, the Memorandum of Association has been modified to add new business activities, specifically Prepaid Payment Instruments (PPIs), digital payment solutions including e-wallets, prepaid cards, UPI and QR-based payments, payment aggregation, merchant gateways, and online money transfers, alongside existing general finance, housing finance, and investment businesses. Second, a completely new set of Articles of Association has been adopted to replace the old ones (which were based on the Companies Act, 1956), bringing them in line with the current Companies Act, 2013. Third, the terms of loan agreements with various entities have been revised. The postal ballot ran from 20 September 2025 to 19 October 2025.
This marks a strategic pivot for the company into the fintech and digital payments space, potentially diversifying its revenue streams beyond traditional finance. For shareholders, this could signal growth ambitions into India's fast-growing digital payments market, though execution risks remain. The loan agreement revisions may also affect the company's debt structure and interest costs.