Regency Fincorp Limited has revised the size of its proposed secured, rated, and listed non-convertible debentures (NCDs) issuance via private placement. In a corrigendum dated August 19, 2026, the company clarified that its Board of Directors had approved an aggregate issuance of ₹50 crore, correcting an earlier disclosure that cited ₹35 crore.

The initial disclosure following the board meeting on August 17, 2026, inadvertently mentioned 35,000 units aggregating to ₹35 crore. The corrected figures stand at 50,000 units with a face value of ₹10,000 each. This revision increases both the base offering and the oversubscription option (green shoe) proportionally.

Revised Issue Structure

The total issue size now comprises a base offering of ₹25 crore (25,000 units) and a green shoe option of ₹25 crore (25,000 units). If fully exercised, the company will issue 50,000 NCDs in total. The instruments are proposed to be listed on BSE Limited.

Security and Default Provisions

The terms regarding security and default remain unchanged from the initial approval. The debentures carry a tenure of 36 months from the deemed date of allotment, with interest paid monthly at 13% per annum. Principal repayment is structured in equal tranches over the final five months: 20% of the principal is repaid at the end of the 32nd, 33rd, 34th, 35th, and 36th months respectively.

The issue is secured with a security cover ratio of 1.35x against the outstanding amount, including principal and interest. At least 135% of this security cover must derive from secured receivables, specifically MSME secured loan receivables and digital lending loan receivables with zero days past due (0 DPD).

In the event of a default in payment of interest or principal for more than three months from the due date, a penalty interest of 3% per annum will be charged over and above the coupon rate on the default amount.

Regulatory Compliance

The corrigendum is disclosed pursuant to Regulation 30 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. It aligns with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Allotment will be executed after the closure of bidding time via an Electronic Book Provider (EBP), in compliance with Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.

Regency Fincorp Limited has completed the allotment of ₹30 crore in 14% Listed, Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) through a private placement. The Allotment Committee approved the issuance on August 11, 2026, securing capital from two identified investors: Ambium Finserve Private Limited and Wintwealth Debt Fund. This funding round provides the company with short-term liquidity at a fixed cost of debt, with proceeds secured against hypothecated assets.

The transaction was disclosed pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the filing references SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Abhimanyu, Company Secretary & Compliance Officer (M No. 49176), signed the disclosure on behalf of the company.

Instrument Details

The company allotted 30,000 debentures, each with a face value of ₹10,000. The securities are listed on BSE Limited and carry a coupon rate of 14% per annum. The tenor is set at 12 months and 5 days, with redemption scheduled for August 16, 2027.

Repayment and Security Structure

The repayment structure involves monthly interest payments with principal repayment split between the sixth month and maturity. Investors will receive 99% of the principal amount at the end of the sixth month from the date of allotment, with the remaining 1% paid at maturity. In the event of a default or delay in payment exceeding three months, a penalty interest of 2% per annum over the coupon rate will apply.

The NCDs are secured by a first-ranking exclusive charge over hypothecated assets. Regency Fincorp must maintain a minimum security cover ratio of 1.25x the outstanding amount at all times. At least 100% of this security cover must comprise principal loan receivables, ensuring that the underlying asset base fully backs the principal obligation.

Interest Payment Schedule

Interest payments are distributed monthly. The initial coupon period spans 32 days, followed by standard monthly intervals. The final coupon payment coincides with the partial principal repayment at maturity.