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.

Regency Fincorp Limited has responded to an inquiry from the Bombay Stock Exchange (BSE) regarding the delayed disclosure of a director's resignation. The company provided a detailed explanation for the delay, citing the Diwali holiday period as the primary reason.

Key Details of the Incident

Company's Explanation

Regency Fincorp stated that Mr. Ashish Kamra submitted his resignation via email on October 18, 2025, addressing it to all Executive Directors, including the Managing Director, Mr. Gaurav Kumar. However, due to the Diwali break from October 18 to October 23, 2025, the email remained unnoticed.

The company officials became aware of the resignation only on October 24, 2025, upon returning from the holiday. They immediately initiated the filing process with BSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Response to BSE

In their official response to BSE, dated October 27, 2025, Regency Fincorp:

1. Emphasized that the delay was unintentional and unavoidable.
2. Requested the exchange to take a lenient view of the matter.
3. Confirmed that they have provided all required details as per the SEBI Circular dated November 11, 2024, along with the corporate announcement.

The company's response was signed by Abhimanyu, the Company Secretary and Compliance Officer, demonstrating their commitment to addressing the issue promptly and transparently.

This incident highlights the importance of maintaining vigilant communication channels, even during holiday periods, to ensure timely compliance with regulatory requirements. It also underscores the need for robust systems to manage critical communications, particularly those related to significant corporate actions such as changes in directorship.