Outcome of board meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Befound Movement Ltd approved the standalone unaudited financial results for the quarter and half-year ended September 30, 2025. Total income for Q2 FY26 stood at Rs. 45.00 lakhs, down sharply from Rs. 75.00 lakhs in Q2 FY25 (a ~40% decline), while H1 FY26 income came in at Rs. 120.00 lakhs vs Rs. 145.00 lakhs in H1 FY25. Despite the topline drop, the company swung to a profit after tax of Rs. 13.77 lakhs in Q2 FY26 (vs a loss of Rs. 6.33 lakhs a year ago), and H1 FY26 PAT rose to Rs. 7.44 lakhs from Rs. 3.25 lakhs, a growth of roughly 129%. The Board also approved related party transaction disclosures for H1 FY26, a postal ballot notice, and the re-appointment of Mr. Rajesh Kapoor as Managing Director, subject to shareholder approval. The statutory auditor, M/s LK Ajmera & Associates, issued a limited review report with an unmodified (unqualified) opinion, and net cash from operating activities remained marginally negative at Rs. (0.13) lakhs.
Sharply lower revenue is a concern, but improved margins helped PAT more than double in H1 FY26, which is positive for shareholders. The auditor's clean opinion and routine re-appointment of the MD suggest no governance red flags, though the deeply negative operating cash flow and reliance on related party transactions worth monitoring.