Submission of Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Regency Fincorp has allotted 2,500 secured, rated, redeemable NCDs with a face value of ₹1,00,000 each, aggregating to ₹25 crore, on a private placement basis to a single identified investor — LC Capital India Private Limited. The NCDs carry a high coupon rate of 14% per annum, are listed on BSE, and have a tenor of 12 months and 5 days. Principal repayment is structured as 95% in the 6th month and the remaining 5% at maturity in February 2027, while interest is paid monthly. The issue is secured with a 1.25x asset cover, primarily backed by principal receivables. A 2% per month penalty applies in case of any payment default.
The company raised ₹25 crore at a steep 14% cost, which signals either elevated credit risk or aggressive funding for growth. The back-loaded repayment structure (95% due in just 6 months) creates near-term refinancing pressure for shareholders and existing debenture holders to monitor closely.