Regency Fincorp Limited has received listing approval from BSE Limited for a substantial equity share issuance resulting from warrant conversion. The approval marks a significant corporate development for the Punjab-based financial services company.
Share Issuance Details
The BSE has granted listing approval for 66,20,201 equity shares through its letter no. LOD/PREF/RB/FIP/1887/2025-26 dated 16th March, 2026. The shares carry specific parameters and were issued on preferential basis to both promoter and non-promoter categories.
Parameter: Details Number of Shares: 66,20,201 Face Value: Rs. 10/- each Premium: Rs. 12/- Total Issue Price: Rs. 22/- per share Distinctive Numbers: 73550871 to 80171071 Basis of Issue: Preferential basis pursuant to conversion of warrants
Regulatory Compliance Requirements
BSE has outlined several compliance requirements that Regency Fincorp must fulfill before obtaining trading approval. The exchange emphasized adherence to SEBI regulations and specified documentation requirements.
Key compliance requirements include:
Filing listing approval from National Stock Exchange of India Ltd. (if applicable)
Obtaining confirmation letters from NSDL/CDSL regarding crediting shares to beneficiary accounts
Ensuring compliance with Regulation 167 of SEBI (ICDR) Regulations
Filing shareholding pattern in XBRL mode if change exceeds two percent of total paid-up share capital
Trading Approval Timeline
As per SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, Regency Fincorp must apply for trading approval within seven working days from the listing approval date. The company received the BSE listing approval on 16th March, 2026, setting a specific timeline for subsequent compliance actions.
Corporate Communication
The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Abhimanyu (M No. 49176) signed the regulatory filing on 17th March, 2026. The company operates from its registered office in Zirakpur, Punjab, and maintains its corporate website at www.regencyfincorp.co.in .
The successful listing approval represents completion of the warrant conversion process and enables the company to proceed with trading arrangements for the newly issued equity shares on BSE platform.
Regency Fincorp Limited's board of directors has approved a comprehensive plan to raise ₹25 crores through the issuance of non-convertible debentures. The board meeting held on February 28, 2026, concluded at 5:00 PM with the approval of a revised term sheet that supersedes the earlier version approved on February 17, 2026.
Debenture Structure and Size
The approved issuance involves 25,000 units of secured, rated, listed non-convertible debentures through private placement. Each debenture carries a face value of ₹10,000, bringing the total issue size to ₹25 crores.
Component: Units Face Value (₹) Amount (₹ Crores) Base Issue: 15,000 10,000 15.00 Green Shoe Option: 10,000 10,000 10.00 Total Issue: 25,000 10,000 25.00
Terms and Features
The debentures are structured with investor-friendly terms and comprehensive security arrangements. The instruments will be secured, rated, and listed on BSE Limited, providing transparency and liquidity to investors.
Parameter: Details Interest Rate: 14% per annum Payment Frequency: Quarterly Tenure: 15 months Redemption: On maturity Security Cover Ratio: 1.25x of outstanding amounts Default Interest: Additional 2% per month
Security and Risk Management
The debentures will be backed by a security cover ratio of 1.25 times the outstanding amounts, including interest, fees, and other charges. At least 125% of the security cover will comprise principal receivables, ensuring robust protection for debenture holders.
In case of payment default beyond three months from the due date, the company will pay an additional 2% per month over the applicable coupon rate on the outstanding principal amount for the default period.
Professional Appointments
The board has appointed Credora Partners Private Limited as the merchant banker for the debenture issuance. The allotment process will comply with SEBI Master Circular dated October 15, 2025, with debentures being privately placed through an Electronic Book Provider (EBP).
Regulatory Compliance
The disclosure has been made pursuant to Regulation 30 of SEBI Listing Regulations and relevant SEBI circulars. The allotment will occur after the closure of bidding time on the settlement date, ensuring compliance with all regulatory requirements for private placement of debt securities.
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