Rating Details
Infomerics Valuation and Rating Limited (formerly Infomerics Valuation and Rating Pvt. Ltd.), a SEBI-registered credit rating agency, has assigned a credit rating of 'IVR BBB/Stable' to the company's proposed Non-Convertible Debentures (NCDs) aggregating ₹100 crore.
Specific Instrument Rating
| Instrument | Amount (₹ Crore) | Rating Assigned | Rating Action |
| Proposed Non-Convertible Debentures (NCD) | 100.00 | IVR BBB/Stable | Rating Assigned |
The rating agency has also upgraded the ratings for existing NCD instruments issued by the company, though specific details of the upgrade are not quantified in the disclosure.
Management Commentary
Gaurav Kumar, Managing Director of Regency Fincorp Limited, stated that the rating reflects the strength of the company's financial profile, disciplined risk management, and prudent lending practices. The proposed NCD issuance will strengthen the funding base and support growth strategy to meet evolving credit needs of existing and new customers.
Company Background
Regency Fincorp Limited is a non-banking financial company (NBFC) engaged in providing financial products and lending solutions to retail customers, MSMEs, and emerging businesses. The company is committed to financial inclusion through accessible credit solutions.
Forward-Looking Statements
The document contains cautionary statements noting that forward-looking statements are subject to risks and uncertainties including regulatory changes, economic developments, and other factors that could cause actual results to differ materially. The proposed NCD issuance is subject to execution of definitive agreements, completion of due diligence, regulatory approvals, and other customary conditions precedent.