Submission of outcome of board meeting for allotment of Listed, Secured, Rated, Redeemable Non-Convertible Debentures.
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Regency Fincorp's board approved the allotment of 25,000 secured, listed, rated, redeemable non-convertible debentures (NCDs) on March 23, 2026, raising ₹25 crore in total. Each NCD has a face value of ₹10,000, carries a 14% annual coupon, and has a 15-month tenor maturing on June 23, 2027. The entire issue was subscribed by a single investor, LC Capital India Private Limited, via private placement. Interest and principal will both be repaid quarterly, with the NCDs secured by assets maintaining a 1.25x cover ratio. The debentures will be listed on BSE under the company's existing scrip code 540175.
The company has successfully raised ₹25 crore of debt capital at a relatively high 14% cost from a single private investor, which adds to its interest burden but strengthens liquidity. Existing shareholders face dilution only if the debentures convert, which they do not — so there is no equity dilution risk from this issuance.