Regency Fincorp Limited held a board meeting on 13th August, 2026 from 10:00 AM to 11:00 AM. The board considered and approved the following agenda items:
NCD Issuance Details
- Instrument Type: Secured, Rated, Listed, Non-Convertible Debentures (NCDs)
- Issuance Method: Private placement basis
- Total Units: 50,000 units
- Face Value: ₹10,000 per unit
- Total Issue Size: ₹50,00,00,000 (Fifty Crores Only)
Appointment of Service Providers
- Trustee Appointment: Catalyst Trusteeship Limited appointed as trustee for the NCD issuance
- Merchant Banker Appointment: Credora Partners Private Limited appointed as merchant banker for the NCD issuance
NCD Terms and Features
- Listing: Proposed to be listed on BSE Limited
- Tenure: 15 months from the Deemed Date of Allotment
- Interest Rate: 13.50% per annum
- Interest Payment Schedule: Monthly payments
- Principal Payment Schedule: Quarterly repayments
- Allotment Process: To be done after closure of Bidding Time through Electronic Book Provider (EBP) on Settlement date, in compliance with SEBI Master Circular dated 15th October, 2025
- Maturity Date: 15 months from Actual Date of Allotment
Security Details
- Security Cover Ratio: 1.25x (One Point Two Five Times) of outstanding amounts including interest, default interest, trustee remuneration, charges, fees, and expenses
- Security Composition: At least 125% security cover from principal receivables
Default Provisions
- Default Interest: 5% per month from date of default (over applicable Coupon Rate) for delays in payment of interest/principal beyond three months from due date
Special Features
- Special Rights/Privileges: None attached to the instrument