The Board has considered and approved the Green Telecom Infrastructure Project proposed to be implemented by Cosmos Power Technologies Limited.
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Regency Fincorp's Board approved the conversion of 66,20,201 warrants into equity shares at Rs. 22 each, bringing in Rs. 10.92 crore from allottees. This raised the company's paid-up capital to Rs. 80.17 crore spread across 8.01 crore equity shares of Rs. 10 each. Around 1.11 crore warrants remain pending conversion by holders within the 18-month window. Separately, the Board cleared a Green Telecom Infrastructure Project by Cosmos Power Technologies Ltd, to be funded through a Green Bond issuance. The project will set up hybrid renewable energy systems (wind, solar, battery storage) across 100 telecom tower sites in Maharashtra to replace diesel-based power.
The warrant conversion is mildly dilutive but brings fresh capital into the company, while the Green Bond-backed telecom project signals a strategic push into sustainable infrastructure financing, which could expand the company's business footprint in the green energy space.