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.

Regency Fincorp Limited , a financial services company, has announced the resignation of Ashish Kamra from his position as Whole Time Director, effective October 18, 2025. The company disclosed this information in a regulatory filing to the BSE on October 24, 2025.

Resignation Details

Mr. Kamra cited personal commitments as the reason for his departure. In his resignation, he confirmed that there were no other material reasons behind his decision to step down from the board.

Regulatory Compliance

In accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regency Fincorp has provided the following details regarding Mr. Kamra's resignation:

The company has assured stakeholders that all necessary regulatory disclosures have been made in compliance with SEBI guidelines.

Company's Statement

Regency Fincorp expressed gratitude for Mr. Kamra's contributions during his tenure. The Board acknowledged his service and wished him success in his future endeavors.

About Regency Fincorp Limited

Regency Fincorp Limited, formerly known as Regency Investments Limited, is a financial services company with its corporate and registered office located in Zirakpur, Punjab. The company operates under CIN: L67120PB1993PLC013169 and is listed on the BSE.