The Board has approved Appointment of Internal Auditor of Regency Fincorp Limited
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
At its May 23, 2025 meeting, the board of Regency Fincorp Ltd appointed Ms. Shifaly Duggal (ICSI M. No. A62298) in three simultaneous roles: Company Secretary & Compliance Officer, Internal Auditor, and Authorized Person for determining materiality of events. The board also decided to call the 75% balance amount from warrant-holders (warrants originally allotted on December 28, 2024) for conversion into equity shares. Separately, the board approved issuance and allotment of 50 Series-B unlisted, secured, redeemable, non-convertible debentures with a face value of Rs. 10 lakh each, aggregating to Rs. 5 crore. The company is a small BSE-listed entity (Scrip Code: 540175) and Mr. Gaurav Kumar continues as Managing Director.
Routine compliance housekeeping combined with a modest Rs. 5 crore NCD raise and progress on an earlier warrant issuance. A notable governance red flag: the same individual holds the Company Secretary/Compliance Officer role AND the Internal Auditor role, which compromises audit independence and investors should flag this with the company.