Befound Movement Limited Seeks Shareholder Approval for Rajesh Kapoor's Reappointment as Managing Director

Befound Movement Limited (formerly known as Regency Trust Limited) has initiated a postal ballot process to seek shareholder approval for the reappointment of Rajesh Kapoor as Managing Director and Chief Financial Officer. The company, listed on the Bombay Stock Exchange, is proposing this key corporate action through a special resolution.

Reappointment Details

The postal ballot notice, dated November 13, 2025, outlines the following key points:

Position: Managing Director and Chief Financial Officer
Candidate: Rajesh Kapoor (DIN: 02757121)
Tenure: Three years, from August 10, 2025, to August 9, 2028
Remuneration: No remuneration proposed

Voting Process

Shareholders can participate in the decision-making process through e-voting:

E-voting Period: November 18, 2025 (10:00 AM) to December 17, 2025 (5:00 PM)
Cut-off Date: November 14, 2025
Result Declaration: December 18, 2025

About Rajesh Kapoor

Rajesh Kapoor brings significant experience to the role:

Qualification: Chartered Accountant
Expertise: Taxation, accountancy, and management services
Experience: Over three decades in accountancy and management consultancy
Current Role: Has been serving as Managing Director since January 5, 2016

Shareholder Considerations

Shareholders should note the following aspects of the proposed reappointment:

No Remuneration: The reappointment is proposed without any remuneration package.
Non-Rotation Basis: Rajesh Kapoor will not be liable to retire by rotation.
Other Directorships: He currently holds a directorship in Rajsahi Masala Private Limited.
Shareholding: Rajesh Kapoor does not hold any shares in Befound Movement Limited.

Corporate Governance Implications

This reappointment aligns with the company's corporate governance practices:

The proposal has been recommended by the Nomination and Remuneration Committee.
It complies with Sections 197, 198, and 203 of the Companies Act, 2013.
The reappointment is subject to shareholder approval through a special resolution.

Shareholders are encouraged to review the full postal ballot notice and exercise their voting rights through the e-voting platform provided by Central Depository Services (India) Limited (CDSL).

For any queries related to the e-voting process, shareholders can contact CDSL helpdesk at helpdesk.evoting@cdslindia.com or call 1800 21 09911.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.94%	-9.17%	+11.73%	+32.89%	+37.60%	+37.60%

Befound Movement Limited (formerly known as Regency Trust Limited) has announced its unaudited financial results for the quarter and half-year ended September 30, 2025, along with key board decisions.

Financial Performance

The company reported a total income of Rs. 45.00 lakhs for Q2 FY26, compared to Rs. 75.00 lakhs in the previous quarter. For the half-year ended September 30, 2025, the total income stood at Rs. 120.00 lakhs.

Particulars (in Rs. Lakhs)	Q2 FY26	Q1 FY26	H1 FY26
Total Income	45.00	75.00	120.00
Total Expenses	29.75	81.33	111.08
Profit/(Loss) Before Tax	15.25	-6.33	8.92
Net Profit/(Loss)	13.77	-6.33	7.44

The company's performance showed improvement in Q2 FY26 compared to Q1 FY26, with a profit before tax of Rs. 15.25 lakhs in Q2 against a loss of Rs. 6.33 lakhs in Q1.

Board Decisions

The Board of Directors, in their meeting held on November 13, 2025, approved the following:

Unaudited financial results for Q2 and H1 FY26
Re-appointment of Mr. Rajesh Kapoor as Managing Director, subject to shareholder approval
Related Party Transactions for H1 FY26
Postal ballot notice

Auditor's Review

L K Ajmera & Associates, the company's statutory auditors, have issued an unmodified limited review report on the unaudited financial results. This indicates that the auditors did not find any material misstatements in the financial information provided by the company.