The shareholders at their meeting held today i:e, 24th April, 2025, has ratified the contents of the notice of extra ordinary general meeting dated 3rd October, 2024.
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Regency Fincorp shareholders approved four key items at their meeting on 24th April 2025. Mr. Sarfaraz Mallick (DIN: 10255433) was redesignated from Non-Executive Director to Executive Director with an annual remuneration of INR 12 Lakhs. The company received approval to issue up to INR 200 Crores of Secured/Unsecured, Listed/Unlisted Redeemable Non-Convertible Debentures (NCDs) via private placement during FY25-26, to be issued in tranches. Terms of existing loan agreements with various entities were also revised. Additionally, members ratified the contents of a prior EGM notice dated 3rd October 2024, which had inadvertently omitted the valuation report weblink and the identity of natural persons (ultimate beneficial owners) of one proposed allottee, Vibhor Garg HUF, in connection with a preferential warrant issue of 4.396 crore warrants at Rs. 22 each.
The ₹200 Crore NCD fundraising plan signals significant capital-raising activity in FY25-26 to fund lending or expansion, though it adds to the company's debt obligations. The executive director appointment may support growth execution. The ratification clears prior disclosure deficiencies flagged by BSE, reducing governance overhang. No equity dilution is implied from this particular filing since the instruments are debentures.