Regency Fincorp Limited issued a corrigendum to correct disclosure errors in the Outcome of Board Meeting dated 31st October, 2026. The original disclosure incorrectly stated the NCD issuance details.
Key Quantitative Corrections
- Number of NCD units corrected from 75,000 to 1,00,000 units
- Aggregate amount corrected from ₹75,00,00,000 (Seventy Five Crores) to ₹100,00,00,000 (One Hundred Crores)
- Face value per NCD remains unchanged at ₹10,000
NCD Issue Details
- Type: Secured, Rated, Listed, Non-Convertible Debentures
- Issuance Method: Private placement basis
- Total Units: 1,00,000 (One Lakh)
- Face Value: ₹10,000 per NCD
- Aggregate Amount: ₹100,00,00,000 (One Hundred Crores)
- Listing: Proposed to be listed on BSE Limited
- Tenure: 15 months from the Deemed Date of Allotment
- Interest Rate: 12.00% per annum payable monthly
- Principal Payment Schedule: Monthly/Quarterly
Security Details
- Security Cover Ratio: 1.25x (One Point Two Five Times) of outstanding amounts
- Charge: First ranking and exclusive charge over receivables (present and future)
- Collateral: Company's Receivables free from any encumbrances/charge/lien
Additional Terms
- Delay Payment Penalty: 2% per annum over and above the Coupon Rate for delays exceeding three months
- Special Rights/Privileges: None
- Redemption Details: Not applicable
- Rating Comments: Not applicable
Effective Date
Board approval was granted on 31st October, 2026. This corrigendum was issued on 3rd November, 2026.
Impact Statement
All other terms and conditions of the proposed NCD issue remain unchanged from the original Board approval.