Resignation of old CFO and appointment of new CFO
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Befound Movement Ltd (formerly Regency Trust Limited) has announced a change in its Chief Financial Officer role. Mr. Rajesh Balbir Kapoor, the current Managing Director, has resigned from the CFO post effective March 31, 2026, but will continue as Managing Director. Ms. Tulsa Netraprashad Silwal (DIN: 07388682) has been appointed as the new CFO effective April 01, 2026. The new CFO brings over 20 years of experience in sales, marketing, strategic management, financial oversight, and corporate governance, and is not debarred by SEBI from holding the position. She holds no shares in the company and has no other listed directorships. The transition appears orderly with no disclosed reasons of concern and the company remains compliant with SEBI LODR disclosure norms.
This is a routine management reshuffle rather than a red flag — the outgoing CFO continues as Managing Director, ensuring continuity, while the new CFO brings independent financial leadership, which can be viewed positively as a step toward better governance and separation of roles.