Regency Fincorp Ltd
Regency Fincorp Approves ₹75 Crore NCD Issuance with 14% Interest 💼
• Board approved issuance of 7,500 secured, rated, listed non-convertible debentures (NCDs) totaling INR 75 crore in one or more tranches
• First tranche includes 5,000 NCDs worth INR 50 crore, with a base issue of 2,500 NCDs (INR 25 crore) and a green shoe option of 2,500 NCDs (INR 25 crore)
• NCDs in the first tranche have a face value of INR 1,00,000 each, a tenure of 12 months and 5 days, and a coupon rate of 14% per annum payable monthly
• Mr. Kamal Kumar resigned as Non-Executive Independent Director effective February 11, 2026
• Mr. Sunil Jindal ceased as director effective February 17, 2026 due to disqualification under Companies Act for missing all 21 board meetings in the last 12 months
• Mr. Sachin Garg appointed as Additional Non-Executive Independent Director effective February 17, 2026