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Regency Fincorp Raises Up to ₹110 Crore Through NCD Issuances [EasyDNNnews:PaidContentStart]

Regency Fincorp Limited, a non-Banking financial company focused on lending to MSMEs, retail customers and underserved borrower segments, has raised up to ₹110 crore through two secured, rated and listed non-convertible debenture (NCD) issuances via private placement. The proposed fundraise comprises separate issues of ₹60 crore and ₹50 crore and is intended to strengthen the company’s funding base and support the expansion of its lending operations. 

The NCDs carry monthly coupon rates of 13.50 per cent and 13 per cent, with tenures of 15 months and 36 months, respectively. The security cover for the two issuances stands at 1.25 times and 1.35 times. 

Regency Fincorp’s lending portfolio includes secured and unsecured MSME loans, micro-credit, personal loans and digital lending. The company has increased its focus on secured lending, supported by underwriting processes and technology-based credit assessment. As of June 2026, assets under management stood at ₹345 crore, an increase of 89.8 per cent year-on-year, while the secured loan portfolio reached ₹230 crore, nearly five times the level recorded a year earlier. The company is also expanding its use of digital tools through its Cash My Salary platform. Its lending processes incorporate AI-based credit assessment, Account Aggregator data and UPI transaction-flow analysis to support customer evaluation and operational efficiency. 

Management has set an AUM target of ₹500 crore for FY27 and aims to cross ₹3,000 crore by FY30. The company also plans to serve more than 100,000 MSME and underserved borrowers by FY30. Its growth strategy includes geographic expansion, a larger secured lending portfolio, technology-led underwriting and continued access to diversified funding sources. 

Advani Hotels: Asset Revaluation and Growth Investments Strengthen the Business Base 

Advani Hotels & Resorts, which owns and operates the 196-key Caravela Beach Resort Goa, has strengthened its balance sheet following a revaluation of its land and continues to invest in expanding the resort’s operating potential.The company recently restated its land at fair value, increasing its carrying value to approximately ₹430 crore from the historical value of ₹2.56 crore. The revaluation was a non-cash, non-realised accounting entry and did not affect profit, but increased the company’s reported net worth. Two independent SEBI-registered valuers assessed the company’s assets at ₹828.5 crore, excluding the banquet facility, and ₹982 crore, including it, providing a broader indication of the underlying asset base. 

The higher net worth following the revaluation reduced reported return ratios optically. Adjusted for this impact, FY26 ROE stood at 28.2 per cent, ROA at 21.3 per cent and ROCE at 32.9 per cent, compared with three-year averages of 33.3 per cent, 24.3 per cent and 38.6 per cent, respectively. Operating performance has also improved over the past five years. Revenue has grown at a CAGR of 31 per cent, while profit has increased at a 51 per cent CAGR. Average occupancy during the period stood at 78.2 per cent, reflecting sustained demand at Caravela Beach Resort Goa. 

Alongside its existing operations, the company is investing in additional facilities. Development of a 16,530 sq. ft. banquet facility and a new event pool is underway, with ₹2.29 crore invested through internal accruals. Four dedicated pickleball courts have also been added. The board has further approved the addition of 28 to 56 rooms, subject to regulatory approvals, aimed at increasing capacity for weddings and corporate MICE events. Advani Hotels remains debt-free and maintains liquidity while funding expansion internally. In FY26, its Dividend payout was around 70 per cent, while cumulative dividend distributions over the past decade stood at ₹102 crore. 

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