Enclosed Scheme of Reduction of Share Capital of the Company between the Company and its Shareholders under Section 66 of the Companies Act, 2013 and the NCLT Rules, 2016

Popees Cares Limited (BSE: 530565) has filed a Scheme of Reduction of Share Capital to write off its accumulated losses. The company had accumulated losses of about Rs. 6.69 crore as on 31 March 2025 and a negative net worth of around Rs. 64.6 lakh. Under the scheme, the paid-up share capital will shrink sharply from Rs. 6.04 crore (around 60.44 lakh shares of Rs. 10 each, including partly paid shares) to just Rs. 6.02 lakh (60,218 fully paid shares of Rs. 10 each). The shareholding pattern, including promoter and public percentages, will remain unchanged as the reduction is applied uniformly across all shareholders. The Board approved the scheme on 6 June 2025, and it now needs shareholder approval by special resolution at the AGM scheduled for 16 September 2025, followed by NCLT sanction. The reduction will extinguish the partly paid-up shares entirely and write off losses against the remaining capital and reserves.