Regency Fincorp Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/05/2025 ,inter alia, to consider and approve To consider and approve the ....
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Regency Fincorp Ltd has informed BSE that its Board of Directors will meet on Friday, 23rd May 2025 at 12:00 PM via video conferencing. The main item on the agenda is to consider and approve the issuance of Unsecured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (NCDs). The intimation has been filed under Regulation 29 of SEBI LODR Regulations, 2015. No details on the issue size, coupon rate, or tenure have been disclosed at this stage and would likely be shared after the board approves the proposal.
This is a preliminary intimation and not a final approval. Since the NCDs are unlisted and unsecured, retail shareholders on the stock exchange are unlikely to participate directly. The actual impact on the stock will depend on the quantum of debt being raised and the purpose (lending activity, given it is an NBFC), which will be clearer post the board meeting.