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Befound Movement Limited conducted a postal ballot (e-voting) from November 18 to December 17, 2025, seeking shareholder approval for the re-appointment of Mr. Rajesh Kapoor (DIN: 02757121) as Managing Director. The resolution was passed with overwhelming support, with 46 members voting in favor (12,90,112 shares, 99.99%) and only 11 members voting against (52 shares, 0.01%). No invalid votes were recorded. The scrutinizer, MNB & Co. LLP, confirmed the e-voting process was conducted properly through CDSL. The re-appointment is now effective following shareholder approval.
Continuity in leadership is maintained as the existing Managing Director has been re-appointed with near-unanimous shareholder support. This is a routine governance event with no material impact on stock price or shareholder value.