Announced Fri, 8 May · 16:07 IST

Outcome of Board Meeting

Board & Shareholder Meetings View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-4.2%1-day move

₹36.55

prior close

₹37.69

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-7.0-3.3-3.7-3.2-4.2-4.7-5.4-4.8-7.0-11.9-7.0-0.4+6.7—

Up moveDown movePending

AI summary

Regency Fincorp's board approved issuance of 1,000 secured, rated, listed NCDs worth INR 10 crore on private placement basis. Each debenture has a face value of INR 1 lakh with a tenure of 19 months. The NCDs carry an attractive coupon rate of 15% p.a. with monthly interest payments. Principal will be redeemed in 19 equal monthly installments starting from the 1st calendar day of each month. Security cover is maintained at 1.25x through an exclusive hypothecation charge over performing loan receivables, with a pari-passu charge on all current and fixed assets if cover drops below 1.25x. The debentures will be listed on BSE.

Likely market impact

The INR 10 crore NCD issuance provides debt funding for the company at a 15% coupon rate. Monthly redemption obligations and the 1.25x asset cover requirement are notable. Given the NBFC sector's risk profile, the relatively high coupon rate signals market appetite for the paper.