Regency Fincorp Approves Allotment of INR 25 Crore in NCDs via Private Placement
Regency Fincorp Ltd, formerly known as Regency Investments Limited, announced that its Board of Directors approved the allotment of Non-Convertible Debentures (NCDs) through a private placement. The meeting to approve the transaction was held on May 7, 2026.The company approved the allotment of 25,000 listed, secured, rated, redeemable Non-Convertible Debentures (NCDs). These NCDs carry a face value of INR 10,000 each and aggregate to INR 25,00,00,000 (Indian Rupees Twenty Five Crores Only).
The funds were allocated to a single identified investor, LC Capital India Private Limited, through a private placement mechanism.
Transaction and Security Details
The debentures are listed on the BSE Limited. Key financial terms and structural details of the NCD allotment include:| Particulars | Details |
|---|---|
| Company | Regency Fincorp Ltd |
| Issue Method | Private Placement |
| Issue/Allotted Size | INR 25,00,00,000 (Twenty Five Crores Only) |
| Total Securities Allotted | 25,000 (Twenty-Five Thousand) |
| Coupon Rate | 14% |
| Listing Exchange | BSE Limited |
| Date of Allotment | May 7, 2026 |
| Maturity Date | June 23, 2027 |
| Tenor | 13 Months 17 Days from Date of Allotment |
Security and Repayment Terms
The proposed NCDs are secured by a specific security cover ratio. The security mandates a cover of 1.25x (or 125%) of the amounts outstanding under the Debentures. This security cover must include interest, default interest, and other charges due from the Company, with at least 1.25 times or 125% originating from principal receivables.Regarding repayment, the debentures are structured to be repaid in 15 months on a quarterly basis, with both interest and principal payments scheduled quarterly.
The repayment schedule for the principal amount includes the following installments:
| Payment Stage | Due Date | Period | Principal Amount Due |
|---|---|---|---|
| 1st Principal Payment | June 23, 2026 | 92 Days | INR 5,00,00,000 |
| 2nd Principal Payment | September 23, 2026 | 92 Days | INR 70,57,534 |
| 3rd Principal Payment | December 23, 2026 | 91 Days | INR 5,00,00,000 |
| 4th Principal Payment | March 23, 2027 | 90 Days | INR 52,35,616 |
| 5th Principal Payment | June 23, 2027 | 92 Days | INR 5,00,00,000 |
In the event of a delay in payment of interest or principal for a period exceeding three months, the default penalty will be 5% per month from the date of default on the outstanding principal amount.
Stock Price Movement
As of 12:00, Regency Fincorp Ltd shares are ticking up, trading at ₹35.36, reflecting a 1.58% climb. Throughout the trading day, the shares operated within a noticeable range, bouncing between ₹34.05 and ₹36.10.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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