Befound Movement Limited issued a corrected notice for its 38th Annual General Meeting (AGM) on September 4, 2026, addressing typographical errors in the original filing dated August 29. The company confirmed that the AGM will proceed as scheduled on September 23, 2026, via video conferencing.

The Board of Directors approved the proposal during its meeting on August 28, 2026, alongside the adoption of the audited financial statements for FY26. The special resolution pertains to an unsecured loan of ₹2 crore extended by the company to Managing Director Rajesh Kapoor. The funds are designated for working capital requirements and are repayable on demand. The transaction represents approximately 7.2% of the company’s annual turnover of ₹2.75 crore for the preceding financial year.

Key Approvals

The Board considered and approved the following matters:

• Approval of the Director’s Report, Corporate Governance Report, and Management Discussion and Analysis (MD&A) for the year ended March 31, 2026.
• Ratification of Related Party Transactions, pending approval by members at the ensuing AGM.
• Appointment of M/s. NVB & Associates as Scrutinizer to oversee the e-voting process.

Related Party Transaction Details

The proposed transaction involves a loan facility provided to the Managing Director. The details are outlined below:

The Audit Committee and Board of Directors recommended the maximum limit of ₹2 crore for financial year 2026-27. Independent directors evaluated the transaction, confirming that the terms are in the ordinary course of business and meet arm’s length testing criteria. Pricing is based on market rates or cost-plus mark-up where market prices are unavailable. Related parties are not eligible to vote on this resolution.

AGM Details

The company has scheduled its 38th Annual General Meeting for Wednesday, September 23, 2026 at 4:00 pm. The meeting will be held through Video Conferencing (VC) or Other Audio-Visual Means (OVAM). The deemed venue is the company’s registered office in Kolkata.

Shareholders holding shares as on the cut-off date of Wednesday, September 16, 2026, are eligible to vote. The e-voting module will be disabled by CDSL after the voting period ends. Results will be published by the Company Secretary on or before Thursday, September 24, 2026.

Trading Window Status

Pursuant to SEBI regulations, the trading window for Designated Persons remains closed until 48 hours after the disclosure of the board meeting outcomes to stock exchanges. The meeting was convened by Rajesh Balbir Kapoor, Managing Director.

Befound Movement has approved the appointment of Ms. Sakshi Dubey as a Non-Executive Independent Director and the change in designation of Mr. Rajesh Balbir Kapoor from Managing Director and CFO to Managing Director. The resolutions were passed through a postal ballot process concluded on June 26, 2026, with shareholders voting overwhelmingly in favor of both proposals.

The postal ballot was conducted pursuant to Section 110 of the Companies Act, 2013, read with Rule 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The e-voting facility was provided by Central Depository Services (India) Limited (CDSL). The voting period commenced on May 27, 2026, at 09:00 A.M. and concluded on June 25, 2026, at 5:00 P.M.

The total number of shareholders as on the cut-off date of May 22, 2026, was 2833. A total of 12,82,499 shares were polled for the resolution regarding the appointment of Ms. Sakshi Dubey, representing 12.8250% of the outstanding shares. For the resolution regarding the designation change of Mr. Rajesh Balbir Kapoor, 12,82,498 shares were polled, also representing 12.8250% of the outstanding shares.

Voting Results

The scrutinizer, M/S NVB & Associates, confirmed that the postal ballot voting process was conducted in a fair and transparent manner. Both resolutions were passed with the requisite majority by the members of the company.

Appointment of Ms. Sakshi Dubey

Change in Designation of Mr. Rajesh Balbir Kapoor

The results of the postal ballot were declared on June 26, 2026. The company has submitted the outcome to BSE Limited for necessary records and information.