StockWatch
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Other Financial Services
Clarification16 Oct 2026, 03:51 pm

Regency Fincorp Corrects Board Meeting Outcome on Fund Utilization

AI Summary

Regency Fincorp Limited has issued a corrigendum to its Board Meeting outcome dated October 16, 2026. The correction clarifies clerical errors in the fund utilization details and the authorized share capital increase. The fund utilization table has been revised, with specific amounts allocated for acquisition of a digital lending platform (up to ₹125 Cr), acquisition of a gold loan business (up to ₹75 Cr), MSME loans (up to ₹65 Cr), and general corporate purposes (up to ₹47.15 Cr), totaling ₹312.15 Cr. Additionally, the authorized share capital increase has been corrected to ₹57 Cr from ₹60 Cr. All other aspects of the original outcome remain unchanged.

Key Highlights

  • Corrigendum issued for Board Meeting outcome dated October 16, 2026.
  • Fund utilization details corrected, totaling ₹312.15 Cr.
  • Acquisition of digital lending platform allocated up to ₹125 Cr.
  • Authorized share capital increase revised to ₹57 Cr.
  • No other changes to the original Board Meeting outcome.