Regency Fincorp Allots Equity Shares Following Warrant Conversion; Total Paid-up Capital Reaches Rs 88 Crore

Regency Fincorp Allots Equity Shares Following Warrant Conversion; Total Paid-up Capital Reaches Rs 88 Crore​

Regency Fincorp Limited, formerly known as Regency Investments Limited, has reported a significant allotment of equity shares following the conversion of warrants. The company’s Allotment Committee meeting approved the issuance of new equity shares to non-promoters and the public who exercised their rights under the warrant agreements.

The committee confirmed the allocation of 28,12,120 equity shares upon the conversion of warrants issued to the Non-Promoter/Public category. These shares were allotted at an issue price of Rs 22 per share, which includes a premium of Rs 12 per share. The allotment was executed after receiving a balance amount aggregating to Rs 4,63,99,980.00 from the allottees.

This conversion and subsequent actions have led to an increase in the company’s issued and paid-up capital, which now stands at Rs 88,84,60,700/-. This total capital consists of 88,846,070 equity shares, each valued at Rs 10. The newly allotted equity shares hold pari-passu rank with the company's existing equity shares.

Key Transaction Details​

A review of the warrant allotment and conversion status shows the following:


The company had previously allotted a total of 43,312,272 warrants convertible into equity shares to the Promoters and Non-Promoters at a preferential issue price of Rs 22 per warrant. These warrants entitle holders to convert them into an equal number of Equity Shares by paying the remaining balance within an 18-month period.

Unconverted Warrants Status​

The company also reported that out of the total 43,312,272 warrants originally allotted, 24,16,669 remained unconverted after the stipulated 18-month conversion period had expired. These unexercised warrants have ceased to be eligible for conversion and are liable to be forfeited in accordance with the terms of issue.

The allocation of the 28,12,120 shares through conversion involved various investors, including AMIT BAJAJ (allotted 2,27,273 shares), ANJU BAJAJ (allotted 2,27,273 shares), and SRI PROFESSIONALS PRIVATE LIMITED (allotted 4,50,000 shares). The aggregate issuance to the public amounted to 28,12,120 equity shares.

Stock Price Movement​

Closing for Regency Fincorp Ltd shares on Thursday, the stock settled at ₹38.96, marking a drop of 1.22%. Throughout the trading session, shares saw considerable movement, oscillating between a low of ₹37.21 and an intraday high of ₹40.99.