Regency Fincorp Ltd — Board Meeting, 26-07-2025: Board Meeting
26-07-2025 | 06:19 pm
26-07-2025 | 06:19 pm
Regency Fincorp's Board has approved its quarterly financial results. The company reported a total income of Rs 9.34 Cr and a net profit of Rs 3.16 Cr for the quarter. Additionally, the Board sanctioned the issuance of 50 units of unlisted, secured, redeemable Non-Convertible Debentures (NCDs) amounting to Rs 5 Cr. These NCDs will have a 15-month tenure with a 15% p.a. interest rate, secured by receivables and assets. The Board also decided to call the remaining 75% payment on previously allotted convertible share warrants, with funds of Rs 9.68 Cr already received from earlier conversions. This provides capital for company operations and growth.
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