Outcome of Board Meeting held on 17th October, 2025
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The Board of Directors of Regency Fincorp Limited, at its meeting held on 17th October 2025, approved the allotment of 40,86,162 equity shares upon conversion of an equal number of warrants at Rs. 22/- per share (including Rs. 12/- premium). The company received the balance 75% amount of Rs. 6.74 crore from the allottees, who include 11 individuals and Natures Heavens India Private Limited. Post this allotment, the paid-up equity share capital of the company has increased to Rs. 73.55 crore, comprising 7,35,50,870 equity shares of Rs. 10/- each. Notably, 1,77,11,869 warrants (out of 4,33,12,272 originally issued on 28th December 2024) are still pending conversion within the 18-month window.
This is a dilutive event for existing shareholders as the share count has expanded; on a fully converted basis, the 12 allottees would collectively hold about 11.74% of the company. The company has strengthened its capital base by Rs. 6.74 crore, while further dilution remains possible from the 1.77 crore outstanding warrants still pending conversion.