The shareholders has approved the issuance of Non-Convertible Debenture up to an amount of INR 200,00,00,000/- at their meeting held on 24th April, 2025.
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At the EGM held on 24 April 2025, shareholders of Regency Fincorp approved four key items. The biggest one is permission to issue Secured/Unsecured, Listed/Unlisted Redeemable Non-Convertible Debentures (NCDs) up to ₹200 crore via private placement, to be rolled out in tranches during FY 2025-26. Mr. Sarfaraz Mallick (DIN: 10255433) was redesignated from Non-Executive Director to Executive Director with a remuneration of ₹12 lakh per annum. The company also revised the terms of its loan agreements with various entities. Lastly, shareholders ratified the contents of an earlier EGM notice dated 3 October 2024, where a valuation report link and the natural-person identity of one proposed allottee (Vibhor Garg HUF) had been left out by mistake — this relates to a prior preferential issue of about 4.4 crore warrants convertible into equity shares at ₹22 each.
The ₹200 crore NCD approval signals a sizable debt-raising plan that could fund the company's lending business but will also add to its leverage and interest obligations. The director redesignation and loan-term revisions are governance/restructuring moves. The ratification plugs a prior disclosure gap and clears the way for the earlier warrant preferential issue to move forward.