Befound Movement Limited announced that all resolutions passed at its 38th Annual General Meeting received requisite majorities exceeding 99% of valid votes cast.

The company, formerly known as Regency Trust Limited, held the meeting on September 23, 2026, via Video Conferencing and Other Audio Visual Means. The scrutinizer’s report, submitted to BSE Limited on September 24, 2026, confirmed the voting outcomes for both ordinary and special resolutions.

Voting results for key resolutions

Members voted on two primary agenda items: the adoption of standalone financial statements for the fiscal year ended March 31, 2026, and the approval of related party transactions. The scrutiny process was conducted by NVB & Associates, Practicing Company Secretaries, who verified votes through the CDSL e-voting system.

For the adoption of financial statements, 72 members casting 16,27,760 votes supported the resolution, representing 99.97% of valid votes. Only 16 members with 538 votes (0.03%) voted against. No invalid votes were recorded for this resolution.

The special resolution regarding related party transactions saw slightly lower support. 71 members with 16,27,360 votes voted in favor, accounting for 99.94% of the total. 17 members with 938 votes (0.06%) opposed the transaction. Similar to the first resolution, there were no invalid votes.

Procedural details and conclusion

The e-voting period remained open from September 20, 2026, at 10:00 am until September 22, 2026, at 5:00 pm. Members holding shares as of the cut-off date, September 16, 2026, were eligible to vote. The scrutinizer reconciled electronic votes with records maintained by the Registrar and Transfer Agents and the shareholding list.

The meeting was chaired by Rajesh Kapoor, Managing Director, who confirmed the presence of quorum under Ministry of Corporate Affairs circulars. No members registered to speak during the open floor segment. The detailed results have been published on the company’s website and submitted to the stock exchange.

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.