Befound Movement Names New CFO in Planned Leadership Shift

Befound Movement Limited is implementing a leadership change in its finance department, effective April 1, 2026. Ms. Tulsa Netraprashad Silwal will assume the role of Chief Financial Officer, while current CFO Mr. Rajesh Balbir Kapoor will continue as the company's Managing Director.

Leadership Change Details

The company has announced that Mr. Rajesh Balbir Kapoor will step down as Chief Financial Officer (CFO) on March 31, 2026. He will continue his leadership as the Managing Director of Befound Movement. Ms. Tulsa Netraprashad Silwal has been appointed as the new CFO, beginning her term on April 1, 2026. This transition aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and signifies a planned succession for the key financial role.

Why the CFO Role is Key

The Chief Financial Officer is instrumental in shaping a company's financial strategy, overseeing reporting, and managing investor relations. A well-executed transition is vital for maintaining stability and continuity in these critical functions. For Befound Movement, this planned handover aims to ensure uninterrupted financial operations while benefiting from Mr. Kapoor's ongoing leadership as MD.

Company Background

Originally established in 1988 as Regency Trust Limited, Befound Movement Limited changed its name on April 9, 2024. The company operates as a Non-Banking Finance Company (NBFC) within the Diversified Financials sector. Its services include trading, consultancy, retail financial services, asset-based financing, corporate finance, and bills discounting. Mr. Rajesh Balbir Kapoor has been a significant leader, serving as both Managing Director and a Director. In other recent board changes, Mr. Rohit Vijay Thorve concluded his term as an Independent Director in May 2025.

Transition Considerations

As this is a planned leadership transition, key considerations involve ensuring a smooth handover of financial information and maintaining consistent strategic financial planning. The market will likely monitor how Ms. Silwal integrates into the company's operations and strategic framework.

Moving Forward

Investors and stakeholders will follow the successful integration of Ms. Tulsa Netraprashad Silwal as the new CFO. The company's future financial performance and strategic direction under her oversight will be important. Continued stability and effective leadership from Mr. Rajesh Balbir Kapoor in his Managing Director role will also be a focus.