Regency Fincorp Limited has announced a series of strategic moves aimed at expanding its business scope and restructuring its financial agreements. The company has issued a postal ballot notice seeking shareholder approval for three special resolutions that could significantly impact its future operations and financial structure.

Expansion into Digital Payments

The first resolution proposes to modify Regency Fincorp's Memorandum of Association to include Prepaid Payment Instruments (PPIs) business. This expansion would allow the company to develop and operate digital payment solutions, including:

• Electronic wallets
• Prepaid cards
• UPI and QR-based payments
• Payment aggregation services
• Merchant payment gateways

This move signals Regency Fincorp's intention to diversify its portfolio beyond traditional finance and investment activities, potentially tapping into the rapidly growing digital payments market in India.

Modernization of Articles of Association

The second resolution seeks to adopt a new set of Articles of Association compliant with the Companies Act 2013. This update aims to align the company's governing document with current regulatory requirements, replacing the existing version based on the Companies Act 1956. This change reflects Regency Fincorp's commitment to maintaining up-to-date corporate governance practices.

Loan Agreement Revisions

In a significant financial restructuring move, the third resolution proposes revisions to loan agreements with three entities:

The proposed revisions would include terms for potential conversion of these loans into equity shares of Regency Fincorp. This move could potentially impact the company's capital structure and ownership in the future.

Voting Process

Shareholders will have the opportunity to vote on these resolutions through an e-voting process, which will run from September 20 to October 19, 2025. The company has engaged the National Securities Depository Limited (NSDL) to provide the e-voting facility, ensuring a secure and accessible voting process for all eligible shareholders.

Management Commentary

Gaurav Kumar, Managing Director of Regency Fincorp Limited, stated in the postal ballot notice, "These proposed changes are aimed at positioning Regency Fincorp for future growth opportunities, particularly in the digital payments sector, while also ensuring our governance structures are in line with the latest regulatory requirements."

The outcomes of these resolutions could mark a significant turning point for Regency Fincorp, potentially broadening its business scope and altering its financial structure. Shareholders and market observers will be keenly watching the results of this postal ballot, as it could have far-reaching implications for the company's future direction and performance in the evolving financial services landscape.

Regency Fincorp Limited , a financial services company, has announced significant changes to its leadership and business operations following a board meeting held on September 17, 2025.

Key Appointments

The board has approved the appointment of Mr. Abhimanyu as the new Company Secretary, Compliance Officer, and Internal Auditor, effective September 17, 2025. Mr. Abhimanyu, holding the membership number A49176, brings seven years of progressive experience in secretarial functions. His expertise includes handling ROC filings, drafting agreements, managing board meetings, and ensuring compliance with the Companies Act.

Expansion into Digital Payments

In a strategic move, Regency Fincorp has decided to expand its business into the digital payment solutions sector. The board has approved alterations to the company's Memorandum of Association (MOA) to include various digital payment services. The new business activities will encompass:

• Prepaid Payment Instruments (PPIs)
• Electronic wallets
• Prepaid cards
• UPI and QR-based payments
• Payment aggregation services
• Merchant payment gateways
• Online money transfers
• Bill payments and recharges

This expansion aims to position Regency Fincorp as a player in the growing digital payments market while maintaining its existing finance and investment activities.

Corporate Governance Updates

The company is taking steps to align its corporate documents with the Companies Act, 2013. The board has approved:

1. Adoption of a new Memorandum of Association (MOA)
2. Adoption of new Articles of Association (AOA)
3. Conversion of loans into equity shares

These changes are subject to shareholder approval through a postal ballot process.

Postal Ballot Details

The company has scheduled an e-voting process for shareholders to approve the proposed changes:

Mr. Devender Singh (Membership No: A 76094; COP: 28056) has been appointed as the scrutinizer for the postal ballot process.

These strategic moves by Regency Fincorp indicate the company's intent to modernize its operations and expand into the digital financial services sector, subject to necessary approvals.