Regency Fincorp Limited has successfully completed the conversion of 66.20 lakh warrants into equity shares, raising ₹10.92 crores through the exercise of warrant conversion rights. The Board of Directors, in their meeting held on December 20, 2025, approved the allotment and also established a Green Bond Committee to oversee sustainable infrastructure financing.

Warrant Conversion Details

The company allotted 66,20,201 equity shares at an issue price of ₹22.00 per share (including a premium of ₹12.00 per share) to both promoter and non-promoter categories on a preferential basis. The conversion was completed upon receipt of the balance 75% amount aggregating to ₹10,92,33,317 from warrant holders.

Share Capital Impact

Following the warrant conversion, the company's issued and paid-up capital has increased to ₹80.17 crores, comprising 8,01,71,071 equity shares of ₹10.00 each. The newly allotted shares rank pari-passu with existing equity shares. Out of the total 4,33,12,272 warrants originally issued, 1,10,91,668 warrants remain outstanding for conversion within the stipulated 18-month period.

Allottee Distribution

The warrant conversion involved five major allottees across promoter and non-promoter categories. The largest conversion was by Annaya Management Consultancy Private Limited with 18,18,182 warrants, followed by Gaurav Kumar with 19,77,273 warrants.

Green Bond Committee Formation

The Board approved the formation of a Green Bond Committee on December 10, 2025, tasked with identifying and evaluating eligible green projects aligned with the company's sustainability objectives. The committee has approved a Green Telecom Infrastructure Project by Cosmos Power Technologies Limited as an eligible project under the proposed Green Bond framework.

Green Telecom Infrastructure Project

The approved project involves installation of Hybrid Renewable Energy Systems across 100 telecom tower sites in Maharashtra. The initiative combines wind energy, solar power, and battery energy storage systems to reduce reliance on conventional diesel-based power generation.

The project is expected to deliver significant benefits including reduced operating costs, improved energy reliability, substantial carbon emission reductions, enhanced network uptime, and alignment with ESG objectives. This initiative supports national programs including Digital India and India's net-zero commitments.

Regency Fincorp Limited announced several significant decisions from its board meeting held on December 10, 2025, including executive changes, committee formation, and strategic investment approvals. The meeting commenced at 5:00 PM and concluded at 6:00 PM on Wednesday, with all decisions made in compliance with SEBI regulations and disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Executive Leadership Changes

The board approved the change in designation of Mr. Sarfaraz Mallick (DIN: 10255433) from Executive Director to Whole Time Director under Sections 196 and 203 of the Companies Act, 2013. The designation change became effective on December 10, 2025, with terms of appointment as previously approved by members in their Extraordinary Meeting held on April 24, 2025, and Annual General Meeting held on September 3, 2025.

Green Bond Committee Formation

The board approved the formation of a Green Bond Committee to identify green projects under Regulation 2(1)(q) of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The committee comprises five members with diverse expertise:

Strategic Investment in Subsidiary

The board approved a strategic investment in Regency FinTechnology Limited, a newly incorporated company with CIN: U66190PB2025PLC066446. The company was incorporated on December 9, 2025, and will engage in activities auxiliary to financial services. The investment aims to enhance business capabilities, strengthen offerings, diversify portfolio, and expand reach across India.

After the investment, Regency FinTechnology Limited will become a wholly-owned subsidiary and will be considered a related party. The shares will be subscribed at arm's length price, equivalent to face value. The transaction will be completed subject to satisfactory conclusion of regulatory compliance. Mr. Gaurav Kumar, promoter of Regency Fincorp Limited, is a Director of the newly incorporated subsidiary and nominee shareholder.

Warrant Conversion and Office Relocation

The board approved issuing call letters to warrant holders for the remaining 75.00% amount. The company had allotted convertible warrants on December 28, 2024, receiving 25.00% of the issue price at allotment, with 75.00% remaining outstanding. The call letters will facilitate conversion of share warrants into fully paid-up equity shares.

Additionally, the board noted that the new registered office at Unit No. 6, Upper Ground Floor, LAMER, Airport Road, Zirakpur, Punjab-140603 became effective from December 10, 2025. All decisions were made in compliance with SEBI regulations, with detailed disclosures provided as required under SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.