UpdatesCompany Update
Regency Fincorp's Board has approved key changes, following inputs from its Nomination and Remuneration committee.
Regency Fincorp Ltd540175 · Filed with the exchange
Mr. Gaurav Kumar was re-appointed as Managing Director for three years with monthly remuneration up to Rs. 3.50 lakh.
Mr. Sarfaraz Mallick's Executive Director appointment was ratified, and his remuneration, along with Mr. Vishal Rai Sarin's, will increase.
Borrowing limits were revised, and new Secretarial Auditors appointed.
Annual reports were approved, and plans for the Annual General Meeting finalized, including e-voting scrutinizer appointment.
The recent listing approval for 5,870,150 equity shares was also noted.
All remuneration and borrowing limit changes require shareholder approval.
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