Regency Fincorp Approves Issuance of INR 40 Crore in Secured Non-Convertible Debentures
Regency Fincorp Ltd has finalized plans for the issuance of Secured, Rated, Listed, Non-Convertible Debentures (NCDs) worth INR 40 Crores through a private placement. The decision was made during the company's Board of Directors meeting held on July 14, 2026.The board approved the issuance of 40,000 units of Secured, Rated, Listed, Non-Convertible Debentures (NCD), each having a face value of INR 10,000/-. The total aggregated amount for these debentures is set at INR 40 Crores Only.
The planned issuance structure includes two components:
- A Base Issue comprising 20,000 units totaling INR 20 Crores.
- A Green Shoe Option of 20,000 units, also representing an amount of INR 20 Crores.
In connection with the debenture issuance, the company appointed several key entities. Catalyst Trusteeship Limited was selected as the Trustee for the NCDs. Credora Partners Private Limited has been appointed as the Merchant Banker, and Infomerics Valuation and Rating Limited is designated as the credit rating agency.
Key Terms of the Non-Convertible Debentures
The Secured, Rated, Listed NCDs are intended to be listed on BSE Limited. The tenure of these instruments is 12 Months 5 days.Financial terms established for the debentures include:
| Feature | Details |
|---|---|
| Interest Rate | 14.00% per annum |
| Interest Payment Schedule | Monthly |
| Principal Repayment | 95% at the end of the 6th Month from Deemed Date of Allotment |
| Final Principal Repayment | 5% on Maturity (12 Months 5 days) |
| Security Cover Ratio | At least 1.25 times of the amount outstanding under the Debentures, backed by principal receivables |
The debenture instrument includes provisions for default, stipulating that if interest or principal payment is delayed for more than three months from the due date, a penalty of 5% per annum above and beyond the Coupon Rate will apply.
Stock Price Movement
Regency Fincorp Ltd shares settled on Tuesday at the closing price of ₹40.70, recording a solid 4.84% gain for the day. During trading, the stock experienced movement across an intraday range, ranging from a low of ₹38.20 to a high of ₹40.70.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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