Dear Shareholders,
I, Gaurav Kumar, Managing Director, heartily welcome you all, having joined Regency
Fincorp Limited family with your participation. It is my desire and wish that this
association of ours, will strengthen our hands in to reach glorious heights.
The Indian economy had begun to recover since the second half of FY 2023-24. Thus, FY
2023-24 began with an expectation that we would soon see GDP surpass the pre-pandemic
level.
The Monetary Policy Committee (MPC) announced on 5th February 2024 that the repo rate
keep unchanged at
6.5%.
Over the past year, our Company has navigated through turbulent waters, facing
unprecedented challenges brought forth by global events. Yet, in the face of adversity, we
have remained steadfast in our commitment to our mission and vision. Through resilience,
creativity, and sheer determination, we have not only weathered the storm but emerged
stronger than ever before. Our success is a testament to the dedication and hard work of
each and every member of our team. From the of ice _loor to the boardroom, it is the
collective e ort of our talented workforce that drives our company forward. Together, we
have achieved signi icant milestones, expanded our market presence, and delivered value to
our shareholders. We have continued to entrench our presence in the existing states and
expanded further beyond exploring new territories. We are opening 2 branches in the state
of Rajasthan and Uttar Pradesh during FY 2024-25 and also exploring opportunities in other
cities.
As we look to the future, we recognize that the road ahead may be fraught with
uncertainties. However, we are con ident in our ability to navigate through these
challenges and seize opportunities for growth and innovation. By fostering a culture of
collaboration, agility, and continuous improvement, we will stay ahead of the curve and
remain at the forefront of our industry.
In closing, I want to express my gratitude to each of you for your unwavering support
and trust in our company. Your con idence inspires us to push the boundaries of what is
possible and strive for excellence in everything we do. Together, let us embark on this
journey with renewed vigor and determination, knowing that the best is yet to come.
| Yours sincerely, |
| Gaurav Kumar |
| Managing Director |