Submission of statement under Regulation 32 o SEBI LODR Regulations, 2015.
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Awaiting price reaction for this filing.
Regency Fincorp filed a quarterly compliance statement certifying that the proceeds from its preferential issue of convertible warrants (raised on 28th December 2024 at Rs. 25.81 crores) have been fully utilized for the originally stated purpose — working capital requirements, meeting future funding requirements, and other general corporate purposes. The company confirms there has been no deviation or variation in how the funds were used compared to what was disclosed. The audit committee and auditors had no comments on the matter, and no monitoring agency was appointed since the size of the issue did not require one. The entire Rs. 25.81 crore has been deployed as intended.
This is a routine regulatory disclosure with no negative implications — it reassures shareholders that the funds raised late last year were used exactly as promised, with no misuse or diversion. Stock price impact is neutral; it simply demonstrates compliance and fund management discipline.