Befound Movement Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2025 ,inter alia, to consider and approve Intimation of board meeting
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Befound Movement Ltd (formerly Regency Trust Limited) has called a board meeting on May 27, 2025 to consider multiple items. The board will discuss fund raising through issue of securities, subject to shareholder and regulatory approvals. It will also consider venturing into a new business and amending the main objects of the Memorandum of Association. The board will approve the audited standalone financial results for Q4 and FY25 ended March 31, 2025, along with the auditor's report. Additionally, it will adopt related party transactions for FY25, accept the cessation of Independent Director Mr. Rohit Vijay Thorve due to term expiry, and appoint a new Independent Director.
The upcoming board meeting could be significant as it may lead to a fundraising activity and a potential new business direction for the company. Shareholders should watch for the audited FY25 results and any dilution risk from the proposed securities issuance.