Regency Fincorp Ltd Approves Private Placement of Secured Non-Convertible Debentures
Regency Fincorp Ltd, formerly known as Regency Investments Limited, announced that its Board of Directors, at a meeting held on April 10, 2026, approved the issuance of Secured, Rated, Listed, Non-Convertible Debentures (NCDs) via a private placement.The company authorized the issuance of 30,000 units of the NCDs, each having a face value of INR 10,000. The total aggregate amount for this private placement is INR 30,00,00,000/- (Indian Rupees Thirty Crores Only).
Key appointments related to the debenture issuance were also formalized during the board meeting. Catalyst Trusteeship Limited was appointed as the Trustee for the 30,000 units of Secured, Rated, Listed, Non-Convertible Debentures. Additionally, Credora Partners Private Limited was appointed as the Merchant Banker for the same issuance.
Details of the Non-Convertible Debentures
The NCD issuance details reveal the following financial and structural information:| Particulars | Detail |
|---|---|
| Type of Securities | Secured, Rated, Listed, Non-Convertible Debentures (NCD) |
| Type of Issuance | Private Placement |
| Total Securities to be Issued | 30,000 Units |
| Face Value per Unit | INR 10,000 |
| Size of the Issue | 30,000 Units |
| Listing Status | Proposed to be listed on BSE Limited |
| Tenure | 12 Months 5 days |
| Interest Offered | 14% per annum, payable Monthly |
| Principal Payment Schedule | Quarterly |
| Security Charge | First ranking and exclusive charge of 1.25x over receivables |
The interest offered on the NCDs is set at 14% per annum, with payments scheduled to occur monthly. The schedule for principal repayment is quarterly. The security created over the debentures is detailed as a first ranking and exclusive charge of 1.25 times the outstanding principal amount, plus accrued interest, including default interest and other monies due from the company, secured over receivables.
In the event of a delay in payment of interest or principal amount for more than three months from the due date, or a default in payment of interest or principal, a penalty rate of 2% per annum over and above the Coupon Rate will apply.
The allotment of the NCDs is set to occur on the Settlement date, following the closure of the Bidding Time through ElectronicBookProvider (EBP). The maturity date is scheduled to be 12 Months 5 days from the Actual Date of Allotment.
Stock Price Movement
Friday closed out for Regency Fincorp Ltd as shares settled at ₹27.90, ticking up by 0.90%. Throughout the trading session, the shares fluctuated between a low of ₹27.20 and an intraday high of ₹28.00.Source:
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