Regency Fincorp Limited has announced receiving listing approval from BSE Limited for privately placed securities on the debt market segment, marking a significant development for the financial services company.

Regulatory Approval Details

The company received the listing approval on March 25, 2026, from BSE Limited through its official Notice no. 20260325-45. This approval specifically covers privately placed securities that will be listed on the debt market segment of the exchange.

Compliance and Disclosure

Regency Fincorp Limited made this announcement on March 26, 2026, in strict compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's announcement was signed by Abhimanyu, who serves as Company Secretary and Compliance Officer with membership number 49176.

The BSE notice containing the detailed approval information can be accessed through the official BSE website at the provided link in the company's announcement.

Company Background

Regency Fincorp Limited, formerly known as Regency Investments Limited, operates with CIN L67120PB1993PLC013169. The company is headquartered in Zirakpur, Punjab, with its corporate and registered office located at SCO 6, Upper Ground Floor LA MER, PR-7, Airport Road.

This listing approval represents an important milestone for the company's debt financing capabilities and provides additional avenues for capital market participation through the BSE debt market segment.

Regency Fincorp Limited announced the outcomes of its Board meeting held on March 25, 2026, which concluded at 07:00 P.M. The meeting addressed several key corporate governance matters including director appointments, resignations, and a significant fundraising initiative through Non-Convertible Debentures, as disclosed under Regulation 30 of SEBI Listing Regulations.

Board Composition Changes

The Board approved the appointment of Mr. Sanjay Mittal (DIN: 11548754) as Additional Director in the capacity of Non-Executive Independent Director. Dr. Mittal brings nearly three decades of extensive experience in banking and financial services, having held senior leadership positions with reputed institutions including Bank of Punjab Limited, IndusInd Bank, and ICICI Bank.

Dr. Mittal's professional background spans credit appraisal, risk assessment, structured finance, portfolio management, regulatory compliance, and strategic banking operations across his roles as Senior Manager, Chief Manager, and Assistant General Manager. He shall hold office up to the date of ensuing general meeting of the company in compliance with Section 161 of Companies Act, 2013.

Director Resignation

Simultaneously, the Board accepted the resignation of Ms. Saloni Shrivastav (DIN: 07746707) from her position as Non-Executive Independent Director, effective from the closure of business hours on March 25, 2026. Ms. Shrivastav cited pre-occupations and other assignments as reasons for her resignation, confirming no other material reasons beyond those mentioned.

NCD Issuance Approval

The Board approved the issuance of Unsecured/Secured Listed/Unlisted Redeemable Non-Convertible Debentures for an aggregate value of up to INR 500,00,00,000 (Indian Rupees Five Hundred Crores Only) on a private placement basis. This fundraising initiative is planned for financial year 2026-27 and will be executed in one or more tranches, subject to member approval in the upcoming extraordinary general meeting.

Articles of Association Amendment

The Board also approved alterations to the company's Articles of Association pursuant to Sections 5, 14, and 161(3) of the Companies Act, 2013, along with SEBI regulations. The amendments include provisions for appointing nominee directors on the Board, specifically related to debenture trustee nominations under SEBI (Debenture Trustees) Regulations, 1993.

The new Article 66A outlines circumstances under which a debenture trustee may nominate a director, including two consecutive defaults in interest payments to debenture holders, default in security creation for debentures, default in debenture redemption, and other events specified in the Debenture Trust Deed.

Upcoming Shareholder Meeting

Regency Fincorp has scheduled its First Extra-Ordinary General Meeting for financial year 2026-27 on Wednesday, April 22, 2026, at 12:00 P.M. The meeting will be conducted through Video Conferencing/Other Audio-Visual Means to seek shareholder approval for the proposed NCD issuance and Articles of Association amendments.