The Board of Directors approved the issue of Series-C Non-Convertible Debentures
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Regency Fincorp's board approved the issuance of 50 Series-C Non-Convertible Debentures (NCDs) worth Rs. 5 crore via private placement. The NCDs carry a 15% fixed annual interest rate, a 15-month tenure, and are secured by hypothecation of performing loans with 1.2x cover. Interest is payable monthly, and principal will be repaid in 15 equal monthly installments. The company also submitted strong Q1 FY26 results with total income of Rs. 9.34 crore (up from Rs. 3.65 crore YoY) and profit after tax of Rs. 3.16 crore (up from Rs. 54.40 lakh YoY, roughly 5.8x growth). Additionally, the board called the 75% balance amount on convertible warrants from December 2024, bringing in Rs. 9.69 crore. The auditor's review report is clean with no qualifications or modifications.
The Rs. 5 crore NCD raise adds to the company's debt burden at a relatively high 15% interest cost, which may pressure margins despite strong Q1 earnings. However, very strong revenue and PAT growth, combined with successful warrant conversion, signals robust business momentum. Existing shareholders may see modest dilution from prior warrant conversions but benefit from the company's accelerating profitability.