Befound Movement Limited held its 38th Annual General Meeting on September 23, 2026. The company, formerly known as Regency Trust Limited, conducted the meeting through Video Conferencing and Other Audio Visual Means without a physical venue.

The meeting was chaired by Rajesh Kapoor, the Chairperson and Managing Director. He confirmed that the requisite quorum was present and that participation via video conferencing counted towards quorum requirements under Ministry of Corporate Affairs circulars. All directors, key managerial personnel, and representatives of statutory, secretarial, and internal auditors attended virtually.

Agenda items addressed

Members considered two primary resolutions during the session. The first involved the adoption of standalone financial statements for the fiscal year ended March 31, 2026, along with the Board of Directors' and Auditors' reports. The second resolution sought approval for related party transactions.

Voting and conclusion

No members registered to speak during the open floor segment. The Chairperson informed attendees that e-voting would continue after the meeting's conclusion for those who had not yet cast their votes remotely. Members who had already voted electronically were ineligible to vote again during the live session.

The voting results are scheduled for declaration upon receipt of the Scrutinizer's Report. These results will be published on the company's website and submitted to BSE Limited, where the shares are listed. The meeting concluded with a vote of thanks from the auditor.

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.