RFRegency Fincorp540175NCD issuance

Board outcome: H1 results approved; issuance of 40,000 secured NCDs of INR 40,00,00,000

Board meeting on 23 Oct 2026 considered and approved standalone and consolidated un-audited results for the quarter and half year ended 30 Sep 2026, with Limited Review Reports from the statutory auditors.

By ScoutQuest · Fri 23 Oct 2026, 1:59 PM IST · 3 min read

NCD issue size

40,000 Secured, Rated, Listed, Non-Convertible Debentures of face value INR 10,000 each, aggregating INR 40,00,00,000

Issue basis / intermediaries

private placement; Catalyst Trusteeship Ltd is trustee; Credora Partners Pvt Ltd is merchant banker

Use of earlier NCD proceeds

NCD money raised earlier was fully utilised for onward lending, no deviation

What the board approved

The company informed the exchange of the outcome of its board meeting held on 23 October 2026. Under this, the board considered and approved the standalone un-audited financial results and the consolidated un-audited financial results for the quarter and half year ended 30 September 2026, each along with the Limited Review Report of the statutory auditors.

• The board also took on record the statement of disclosures prescribed under Regulation 52(4) of the SEBI Listing Regulations.
• A Certificate of Security Cover, along with the independent auditor's report on it, forms part of the same update.
• The results are un-audited but have been subject to a limited review by the statutory auditors, which is a lighter check than a full audit.

The new debenture issue

The update records the issuance of Secured, Rated, Listed, Non-Convertible Debentures on a private placement basis:

• 40,000 units of debentures.
• Face value of INR 10,000 per unit.
• Total amount aggregating to INR 40,00,00,000.
• Catalyst Trusteeship Limited appointed as trustee for the issue.
• Credora Partners Private Limited appointed as merchant banker for the issue.

A trustee is the person who safeguards the debenture holders' security, and a merchant banker helps with the issue process.

Use of money raised earlier

The update also carries tranche-wise statements on how money raised through NCD private placements during the quarter was used.

• The stated object in every case is onward lending.
• Where detailed, the full amount raised is shown as utilised, and the answer against deviation is "No".
• Tranches shown include Rs. 40,00,00,000 raised on 23/07/2026, Rs. 30,00,00,000 on 11-08-2026, Rs. 60,00,00,000 on 19-08-2026, Rs. 50,00,00,000 on 27-08-2026 and Rs. 60,00,00,000 on 11-09-2026.
• The update also notes that no funds were raised by allotting equity shares during the quarter and half year ended 30 September 2026, so the statement on deviation for equity-type issues is marked not applicable.

How a retail investor can read this

• For a lending company, debenture money is the raw material for its loan book; the update says the proceeds go towards onward lending.
• Fresh secured NCDs add to borrowings, and the interest on them is a recurring cost that the lending business has to earn through.
• A trustee and merchant banker are in place for the new issue, which is the standard arrangement for a listed, secured debenture.
• The tranche statements indicate that money already raised in the quarter went into the stated use, with no variation reported against the original objects.

Points to keep in mind

• The results reported are un-audited and limited-reviewed, not fully audited.
• Debenture servicing depends on the company's lending operations and collections; the security cover certificate, along with an independent auditor's report, covers the asset cover for these borrowings.
• This is a board outcome update covering results, disclosure statements and a fund raise together, so the picture is best read across all of them rather than from the NCD size alone.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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