Annual Report 2024-25
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On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 1.9 pts more than its Consulting Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Befound Movement Limited (formerly Regency Trust Limited) submitted its Annual Report for FY 2024-25 to BSE. Total income rose to Rs. 142 lakhs from Rs. 123 lakhs in FY 2023-24, a growth of about 18%. Profit before tax slipped to Rs. 3.46 lakhs (from Rs. 5.59 lakhs), and profit after tax declined to Rs. 3.25 lakhs (from Rs. 3.94 lakhs); EPS stood at Rs. 0.03 versus Rs. 0.04. The Board did not recommend any dividend, citing the need to strengthen finances. The company has only 5 permanent employees, no directors are drawing remuneration, and listing fees were not paid due to what the company called 'financial crises.' A related-party loan of Rs. 1.41 crore was taken from Managing Director Rajesh Kapoor for working capital needs. After the year-end, the company approved issuance of 2 crore convertible warrants at Re. 1 each on a preferential basis, pending stock exchange approval.
Shareholders should note the company's tiny scale, declining profits despite revenue growth, and dependence on promoter loans for working capital — although the proposed warrant issue could raise up to Rs. 2 crore. The name change and office relocation are administrative; the omission of dividend and unpaid listing fees signal ongoing financial strain.