The Board has considered allotment of Non-Convertible Debentures
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Awaiting price reaction for this filing.
Regency Fincorp's board met on 23rd May 2025 and approved multiple items. The board appointed Ms. Shifaly Duggal as the new Company Secretary and Compliance Officer, and also as Internal Auditor and as an Authorized Person for determining material events. The board decided to call the remaining 75% balance amount from warrant holders (warrants were originally allotted on 28th December 2024) so those warrants can be converted into equity shares. Additionally, the board approved the issuance and allotment of 50 Series-B Non-Convertible Debentures (NCDs) with a face value of Rs. 10 lakh each, totalling Rs. 5 crore. These NCDs are unlisted, unrated, secured, and redeemable.
The Rs. 5 crore NCD issuance brings fresh debt funding into the company. Calling the balance 75% from warrant holders pushes those warrants toward equity conversion, which could slightly dilute existing shareholders. The same individual being appointed to both Company Secretary and Internal Auditor roles is a governance point worth watching for potential conflict of interest.