Re-appointment of Mr. Gaurav Kumar as Managing Director of the Company
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Regency Fincorp held its AGM on 3rd September 2025 where shareholders approved the re-appointment of Mr. Gaurav Kumar as Managing Director for a further 3 years w.e.f. 25th August 2025, with a monthly remuneration of up to Rs. 3,50,000. Shareholders also ratified Mr. Sarfaraz Mallick's appointment as Executive Director for a 3-year term (till 28th March 2028), and approved increases in remuneration for both Mr. Sarfaraz Mallick and Mr. Vishal Rai Sarin (Whole Time Director). Additionally, the company's borrowing limits were raised, and M/s Shailendra Roy and Associates were appointed as Secretarial Auditor for 5 years (FY2025-26 to FY2029-30). Mr. Gaurav Kumar has around 10 years of experience in stock broking, mutual funds, insurance and investments.
This is a routine governance update with continuity at the top — the existing MD continues for another 3-year term, while director remuneration and borrowing limits are being increased. The higher borrowing limits could mean the company plans to raise more debt, which shareholders should watch for; otherwise, no material change in leadership or negative governance signals.