Appointment of Shri.Shaju Thomas as the Chairman and Managing Director of the Company
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Popees Baby Care India Ltd (formerly Hari Govind International Limited, BSE scrip 530565) has appointed Mr. Shaju Thomas (DIN: 06412983) as the Chairman and Managing Director for a 5-year term effective February 7, 2026. The appointment follows a takeover of the company and a change in control and management, with Mr. Thomas coming in as the new promoter-group leader. He has over 20 years of experience in the children's apparel industry and currently leads Popees Group, a Kerala-based kidswear brand. His wife, Mrs. Linta Purayidathil Jose, is already on the board as a Non-Executive Director. The appointment is subject to shareholder approval at the next general meeting, and Mr. Thomas is not debarred by SEBI from holding a director position.
This marks a complete change in control and management of the listed entity, with the Popees Group taking over and installing its own promoter family in key leadership roles. Shareholders should expect a strategic shift toward the kidswear/children's apparel business, and the stock may see re-rating interest tied to the new promoter brand, though execution risk on the turnaround remains.