Regency Fincorp Ltd. Appoints Director, Notes Resignation, and Plans Debenture Issuance
Regency Fincorp Limited announced several key decisions made by its Board of Directors during a meeting held on March 25, 2026.The company appointed Sanjay Mittal (DIN: 11548754) as an Additional Non-Executive Independent Director. Dr. Mittal, a seasoned banking and financial services professional with nearly three decades of experience, holds a Ph.D. in Business Administration and an MBA in Finance. He will hold office up to the date of the ensuing general meeting.
The Board also acknowledged the resignation of Saloni Shrivastav (DIN: 07746707) from her position as Non-Executive Independent Director, effective March 25, 2026.
Furthermore, the Board approved an alteration to the company's Articles of Association to include a clause for the appointment of a nominee director, as per regulatory guidelines.
Finally, Regency Fincorp Limited received approval to issue up to INR 500,00,00,000 in Unsecured/Secured Listed/Unlisted Redeemable Non-Convertible Debentures on a private placement basis during the financial year 2026-27, pending member approval at an upcoming extraordinary general meeting. The meeting is scheduled for April 22, 2026, and will be held via Video Conferencing/Other Audio-Visual Means.
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