Submission of Revised outcome of the Board held on 02nd June 2026.
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Regency Fincorp has filed a revised outcome of its Board Meeting held on 02nd June 2026, with the only change being the inclusion of the meeting's commencement time (10:30 AM). The board had approved the allotment of 1,000 Listed, Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) at a 15% coupon rate, each with a face value of INR 1,00,000, aggregating to INR 10 crores. The NCDs were placed privately with LC Venture Debt Fund and will be listed on BSE, with monthly interest and principal payments over a 19-month tenor, maturing on 01st January 2028. Security includes a 1.25x exclusive charge on performing loan receivables, with a fall-back pari-passu charge on current and fixed assets if the cover drops below threshold.
The company has raised INR 10 crores through debt (not equity), so there is no shareholder dilution, but it adds INR 10 crores of liabilities at a steep 15% annual rate with monthly repayment obligations that will pressure cash flows. The reliance on a single private investor (LC Venture Debt Fund) and the high coupon suggest the company is funding its lending book, which may boost interest income if deployment is efficient.