65,000 secured NCDs allotted on private placement, aggregating Rs 65 crore

Regency Fincorp's Allotment Committee approved allotment of 65,000 secured, rated NCDs of face value INR 10,000 each, totalling INR 65,00,00,000 (Rs 65 crore), on a private placement basis.

Fri 9 Oct 2026

NCD Issue Size

65,000 NCDs of face value INR 10,000 each, totalling INR 65,00,00,000 (Rs 65 crore)

Coupon Rate

12.00%

Tenor / Redemption

18 months, redemption 09 April 2028

The company has raised debt money through debentures, not equity. Here is what the update sets out.

What was allotted

• 65,000 (Sixty-Five Thousand) 12% Listed, Secured, Rated, Redeemable Non-Convertible Debentures, allotted on a private placement basis.
• Face value of INR 10,000/- (Indian Rupees Ten Thousand Only) each.
• Aggregate size of INR 65,00,00,000 (Indian Rupees Sixty-Five Crores Only) — the issue size and the allotted issue size are the same.
• The Allotment Committee met on Friday, 09 October 2026, commencing at 12:30 P.M. and concluding at 01:00 P.M., and approved the allotment to identified investors.
• The NCDs are listed, and the stock exchange named is BSE Limited.

Who took the debentures

• Manba Finance Limited
• Sunrise Gilts and Securities Private Limited
• LC Capital India Private Limited
• Aspero Markets Private Limited

Return, tenure and repayment

• Coupon Rate is 12.00%, with interest paid monthly — the update sets out 18 coupon dates from 09-11-2026 to 09-04-2028.
• Tenor is 18 Months: allotted 09 October 2026, maturing 09 April 2028.
• Repayment is a bullet repayment dated on 09 April 2028, i.e. the principal is due at maturity rather than in instalments.
• If interest or principal is delayed by more than three months from the due date, or is in default, the update states an additional 2% per annum over and above the Coupon Rate on the default amount.

What is secured against it

• The NCDs are secured against identified MSME Secured Loan receivables of the company, which the update says comprise 75% (Seventy Five percent), and CashMySalary digital receivables, which comprise 25% (Twenty Five percent).
• These are to be maintained at a minimum Security Cover Ratio of 125% (One Hundred and Twenty-Five per cent) or 1.25x of the amounts outstanding under the debentures at all times.
• The update states that no special right, interest or privilege is attached to the instrument.

How a retail investor can read this

• This is a borrowing by the company. The company receives Rs 65 crore now and has to service a 12.00% coupon monthly and repay the principal on maturity.
• "Secured" here means the debentures are backed by identified receivables, with a stated minimum cover of 125%, which is a form of protection written into the terms.
• "Listed" means these NCDs are proposed to be listed on BSE Limited. This is about the debentures themselves, and is separate from the company's equity shares.
• The debentures went to four named investors on a private placement basis, so the general public did not subscribe to this issue.

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