Regency Fincorp Allots INR 10 Crores in 15% NCDs via Private Placement
Regency Fincorp Ltd announced that its Board of Directors approved the private placement of Non-Convertible Debentures (NCDs). The allotment, which took place on June 2, 2026, involved the issue of INR 10,00,00,000 (Indian Rupees Ten Crores Only) to identified investors.The company issued 1000 (One Thousand) listings, secured, rated, redeemable Non-Convertible Debentures, each having a face value of INR 1,00,000. The sole allottee for this tranche of financing was LC Venture Debt Fund.
The NCDs carry a Coupon Rate of 15% and have a total tenor of 19 months. The allotment date was confirmed as June 2, 2026, with the redemption or maturity date set for January 1, 2028.
The financing arrangement includes several key protective and repayment features. The proposed NCDs are secured by a 1.25x Exclusive charge by way of hypothecation over receivables (performing loans). Additionally, a first ranking pari-passu charge is established over the current and fixed assets, both present and future, should the security cover derived from the exclusive charge on receivables fall below 1.25x of the outstanding Facility.
Key Transaction Details
The following table summarizes the critical financial and structural parameters of the NCD allotment:| Detail | Description | Value |
|---|---|---|
| Issuer | Regency Fincorp Limited | N/A |
| Type of Security | Listed, Secured, Rated, Redeemable NCDs | N/A |
| Issuance Type | Private Placement | N/A |
| Aggregate Issue Size | INR 10,00,00,000 | Ten Crores Only |
| Total Securities Allotted | 1000 | One Thousand |
| Allottee | LC Venture Debt Fund | N/A |
| Coupon Rate | 15% | N/A |
| Tenor | 19 Months | N/A |
| Date of Allotment | June 2, 2026 | N/A |
| Maturity/Redemption Date | January 1, 2028 | N/A |
Redemption Schedule
The repayment structure stipulates monthly payments for both interest and principal. The payment schedule outlines the following figures and dates:| Payment Component | Date Range | Details |
|---|---|---|
| Initial Payment | June 2, 2026 | Principal Inflow: INR 10,00,00,000 |
| First Coupon & Principal | July 1, 2026 | Coupon: INR 11,91,781; Principal: INR 52,63,158 |
| Interim Coupon Payments | July 2026 to December 2027 | Interest payments fluctuate, culminating in the final repayment of INR 52,63,158 principal in January 2028. |
| Security | Throughout Tenor | 1.25x charge on receivables and first ranking charge on assets. |
Stock Price Movement
As of 11:11, Regency Fincorp Ltd's shares are ticking up, trading at ₹32.74, which is up 0.74%. Throughout the morning, the stock has fluctuated within its intraday range, testing lows near ₹32.13 and reaching highs of ₹33.39.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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