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Awaiting price reaction for this filing.
Befound Movement Limited (formerly Regency Trust Limited) held its 37th AGM on September 26, 2025, via video conferencing, lasting just 8 minutes (4:00 PM to 4:08 PM). Three resolutions were passed: (1) adoption of audited standalone financial statements for FY ended March 31, 2025, (2) approval of related party transactions (special resolution), and (3) appointment of M/s. DSM and Associates as secretarial auditor. All resolutions passed with 99.9966% in favor and only 28 votes against each. Only 8.29% of outstanding shares (8,29,498 out of 1,00,00,000) participated in voting, with the entire vote coming from public non-institutional shareholders. Promoter and promoter group did not cast any votes. Out of 2,721 total shareholders on record date, only 48 public members attended through VC.
Minimal stock impact expected — these are routine AGM resolutions with overwhelming approval. The very low voting participation (8.29%) and absence of promoter voting is notable but not unusual for small-cap companies. Shareholders should note the name change from Regency Trust Limited to Befound Movement Limited and the company has 2,721 shareholders with a small public float.