Regency Fincorp to Raise ₹30 Crore via Private Placement of NCDs

Regency Fincorp Limited (BSE: 540175), a Punjab-based financial services firm, has announced a significant fund-raising initiative following its Board Meeting on April 10, 2026. The company plans to issue Non-Convertible Debentures (NCDs) to bolster its capital base and support its lending operations.

Key Highlights of the NCD Issue

The board has approved the private placement of 30,000 Secured, Rated, and Listed NCDs. This move allows the company to access institutional capital with a structured repayment schedule.

Issue Size: ₹30,00,00,000 (Thirty Crores).

Face Value: ₹10,000 per unit.

Tenure: 12 months and 5 days.

Interest Rate (Coupon): 14% per annum, with interest payable on a monthly basis.

Principal Repayment: To be paid back on a quarterly basis.

Security and Oversight

To safeguard investor interests, the NCDs are "Secured" by a first-ranking exclusive charge of 1.25x over the company's receivables (both present and future). This means for every ₹100 borrowed, the company provides ₹125 worth of receivables as collateral.

The company has also appointed key intermediaries to manage the issuance:

Trustee: Catalyst Trusteeship Limited (to act as the custodian of the security on behalf of debenture holders).

Merchant Banker: Credora Partners Private Limited.

Listing and Allotment

The NCDs will be listed on the BSE Limited. In compliance with SEBI's electronic book provider (EBP) norms, the allotment will be finalized following the bidding process. In the event of any delay in payments, the company has agreed to an additional default interest of 2% per annum over the 14% coupon rate.

Shares of Regency Fincorp Ltd was last trading in BSE at Rs. 27.90 as compared to the previous close of Rs. 27.65. The total number of shares traded during the day was 39170 in over 91 trades.

The stock hit an intraday high of Rs. 28.00 and intraday low of 27.20. The net turnover during the day was Rs. 1090342.00.

Source : Equity Bulls

Keywords

RegencyFincorp INE964R01013 FundRaising PrivatePlacement NCDs