The Board considered and approved the re-appointment of Mr. Gaurav Kumar and terms of appointment of Mr. Sarfaraz Mallick subject to the approval of the members in the ensuing general meeting.
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Regency Fincorp's board, meeting on August 11, 2025, approved the re-appointment of Mr. Gaurav Kumar as Managing Director for three years effective August 25, 2025, with a monthly remuneration of up to Rs. 3,50,000. The board also ratified the three-year term of Mr. Sarfaraz Mallick as Executive Director (March 29, 2025 to March 28, 2028) and approved a pay hike for him as well as for Whole-time Director Mr. Vishal Rai Sarin. A new Secretarial Auditor, M/s Shailendra Roy and Associates, was appointed for a five-year term, and borrowing limits were revised. The 32nd Annual General Meeting is set for September 3, 2025, via video conferencing, and no dividend has been declared for the year.
Continuity at the top with the MD re-appointed signals stability, while the increase in remuneration for executive directors and revised borrowing limits suggest the company may be scaling up operations. No dividend declared may be a minor disappointment for income-focused shareholders.