Submission of outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Regency Fincorp Limited's Board approved the allotment of 5,862,879 equity shares upon conversion of warrants at Rs. 22 per share (including Rs. 12 premium). The company received Rs. 9.67 crore (75% balance amount) from warrant holders who had paid 25% upfront when warrants were originally allotted on December 28, 2024. The allottees include 16 individuals and entities such as Manav Khanna, Rakesh Gupta, Anita Gupta, and GBD Enterprises Private Limited. Post-conversion, the company's paid-up capital increased to Rs. 86.03 crore with 86,033,950 equity shares of Rs. 10 each. About 5.23 million warrants remain outstanding for future conversion.
Dilution of approximately 6.8% from this conversion, with ~5.2 million warrants still outstanding for potential further dilution within 18 months. The warrants were issued at a 120% premium to face value (Rs. 22 vs Rs. 10), indicating investor confidence in the company's prospects.