Regency Fincorp expands business scope, revises articles of association

Regency Fincorp Limited announced the results of its postal ballot, which concluded on October 19, 2025, revealing shareholder approval for key corporate changes. The resolutions, open for voting from September 20, 2025, included modifications to the memorandum of association (MoA), adoption of a new set of articles of association (AoA), and revisions to existing loan agreements.

The modification to the MoA will expand Regency Fincorp's business activities to include various digital payment solutions such as prepaid payment instruments (PPIs), electronic wallets, UPI, and QR-based payments, alongside general finance and investment services. This strategic enhancement aims to broaden the company's operational scope. Additionally, a new set of AoA was adopted to align with the Companies Act, 2013, replacing previous provisions based on the Companies Act, 1956.

Shareholders also approved revisions to loan agreements with various entities. The postal ballot saw significant participation, with all resolutions passing with over 99.96% votes in favor, demonstrating strong shareholder confidence.