Submission of Proceedings of 1st Extra Ordinary General Meeting of the Company for the FY 2025-26 held on 24th April, 2025.
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Awaiting price reaction for this filing.
Regency Fincorp held its 1st EGM of FY 2025-26 on 24th April 2025 via video conferencing, attended by 30 members and key directors including MD Gaurav Kumar and CFO Sarfaraz Mallick. Four special resolutions were tabled for member approval: (1) changing Mr. Sarfaraz Mallick's designation from Non-Executive Director to Executive Director along with fixing his remuneration, (2) issuing Secured/Unsecured, Listed/Unlisted Redeemable Non-Convertible Debentures on a private placement basis, (3) revising terms of loan agreements with various entities, and (4) ratifying the contents of a previous EGM notice dated 3rd October 2024 (a clerical error in the original notice that incorrectly stated 2025 instead of 2024 was corrected via a corrigendum). Remote e-voting ran from 21st–23rd April 2025 and the combined voting results are to be declared within two working days.
For shareholders, the key takeaways are potential debt raising via NCDs and changes in senior management remuneration/role. The loan agreement revision may affect related-party or lending exposure. Voting outcomes will be confirmed shortly and could influence the stock once results are disclosed.