Befound Movement Ltd — Others, 28-06-2025: AGM/EGM

Befound Movement Limited has announced a preferential issue of 2 crore convertible warrants to non-promoter individuals and key managerial personnel at Re. 1 each, raising Rs. 2 crore. Proceeds will fund loan repayment of Rs. 1 crore (unsecured loan from MD Rajesh Kapoor) and commence construction business with Rs. 1 crore. Warrants are exercisable within 18 months, with 25% subscription upfront. Post-issue, the share capital will increase to 3 crore shares, with non-promoters holding nearly 67%. No promoters exist pre- or post-issue, and the Managing Director remains a non-promoter. This capital raise is aimed at supporting new business expansion and improving financial structure.