Regency Fincorp Ltd Approves Issuance of INR 50 Crore in Secured Non-Convertible Debentures
Regency Fincorp Ltd has approved the issuance of Secured, Rated, Listed, Non-Convertible Debentures (NCDs) through a private placement. The company's Board of Directors meeting on August 13, 2026, sanctioned the transaction and appointed key service providers for the debt instruments.The board resolution confirmed the issuance of 50,000 units of Secured, Rated, Listed, Non-Convertible Debentures to a total amount aggregating INR 50,00,00,000/- (Indian Rupees Fifty Crores Only). The debentures have a Face Value of INR 10,000 per unit and are being issued on a private placement basis.
The company also appointed Catalyst Trusteeship Limited as the Trustee and Credora Partners Private Limited as the Merchant Banker for the issuance of these NCDs.
Debt Instrument Details
Details regarding the terms of the Secured, Rated, Listed, Non-Convertible Debentures were finalized by the board. The instruments are set to be listed on the BSE Limited Stock Exchange.Key features and specifications of the NCD issuance include:
| Feature | Detail |
|---|---|
| Type of Securities | Secured, Rated, Listed, Non-Convertible Debentures (NCD) |
| Total Units Proposed | 50,000 units |
| Face Value per Unit | INR 10,000 |
| Issuance Type | Private Placement |
| Tenure | 15 months from the Deemed Date of Allotment |
| Interest Offered | 13.50% per annum |
| Payment Schedule | Interest monthly; Principal quarterly |
Security and Default Provisions
The board mandated specific security cover requirements and established provisions for interest or principal payment delays.A review of the debenture terms highlighted the following:
- Security Cover Ratio: The instruments mandate a security cover ratio of at least 1.25x (one hundred twenty five percent) against the amount outstanding, which includes accrued interest, fees, and expenses.
- Default Penalty: In case of delay in payment of principal or interest for more than three months from the due date, a penalty of 5% per month is applicable over the applicable Coupon Rate.
Stock Price Movement
As of 11:07, Regency Fincorp Ltd shares are slipping by 1.84% to trade at ₹43.31, down from the previous close by ₹0.81. The stock has moved within a wide intraday range, having touched a high of ₹44.97 but currently trading above its low of ₹43.15.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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