Clarification14 Aug 2026, 02:06 pm
Regency Fincorp Corrects NCD Issue Size to ₹60 Cr
AI Summary
Regency Fincorp Ltd has issued a corrigendum regarding its Board Meeting held on August 13, 2026. The company corrected the approved issuance of Secured, Rated, Listed, Non-Convertible Debentures (NCDs) on a private placement basis. The number of NCD units was corrected from 50,000 to 60,000, and the aggregate amount from ₹50 crore to ₹60 crore. All other terms and conditions remain unchanged. The NCDs have a face value of ₹10,000 each, a tenure of 15 months, an interest rate of 13.50% per annum payable monthly, and principal repayment quarterly. A security cover ratio of 1.25x is maintained.
Key Highlights
- Regency Fincorp corrects NCD issuance details from prior board meeting.
- Approved NCD issuance increased to 60,000 units totaling ₹60 crore.
- NCDs are secured, rated, listed, and issued via private placement.
- Interest rate is 13.50% p.a. payable monthly, with quarterly principal repayment.
- Security cover ratio of 1.25x maintained for the NCD issuance.
Price Impact
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