Regency Fincorp Limited announced a private placement of up to 27,608,333 equity shares at a price of INR 12 per share for gross proceeds of INR 331,299,996 and 5,000,000 equity convertible warrants at a price of INR 12 per equity convertible warrants, of which the company will receive 25% of the total amount, which is INR 3 per equity convertible warrants for gross proceeds of INR 15,000,000; for aggregate gross proceeds of INR 346,299,996 on May 24, 2023. The transaction will include participation from new investors Shubham Agarwal for 250,000 shares, Manju Agarwal for 250,000 shares, Shivani Agarwal for 250,000 shares, Shreya Verma for 250,000 shares, Tarun Seth for 416,666 shares, Amita Seth for 416,666 shares, Neelam Chauhan for 208,333 shares, SOARUP Finance Private Limited for 625,000 shares, Vimal Kumar Sharma for 416,666 shares, Shikha Saini for 208,333 shares, Vinisha Singh for 208333 shares, Zabiulla Khan for 166,666 shares, Sameera Firdous for 166,666 shares, Azee Munnisa for 166666 shares, Iqbal Khan for 166,666 shares, Chandakhadi Vishwanatha for 166,666 shares, Neelam for 41,666 shares, Sonal Bhaseen for 41,666 shares, Mohinder Singh Nain for 166,666 shares, Lotus Machines Pvt Ltd for 41,666 shares, Natures Heavens Private Limited for 3,625,000 shares, Regency Digitrade Investments Private Limited for 2,125,000 shares, Dhull Trading Private Limited for 4,252,000 shares, Ecomatix Solutions Private Limited for 6,916,666 shares, Max Bio Biosciences Private Limited for 4,166,666 shares, and Vishal Rai Sarin for 1,250,000 shares, also included Rajiv Vashisht for 1,666,666 warrants, Sahara Sharma for 416,666 warrants, Ritu Jolly for 416,666 warrants, Rajat Vashisht for 416,666 warrants, Bhawna Kumari for 416,666 for warrants, Iqbal Singh for 833,333 warrants and Neha Abrol for 833,333 warrants. The company will issue the securities through preferential allotment.

The transaction has been approved by the board of directors of the company. The transaction has been subject to approval of the shareholders of the company.