Outcome of Extra-Ordinary General Meeting held on 21st February, 2026
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Popees Cares Limited held an Extra-Ordinary General Meeting (EGM) on 21st February 2026 via video conferencing, which concluded in about 26 minutes. Six special resolutions were passed by shareholders, including a proposal to change the company's name to 'KOIYA INTERNATIONAL LIMITED'. The meeting also approved the appointment of Mr. Saroj Kumar Choudhury as an Independent Director, authorised the Board to create security/charge over company assets, raised the borrowing limit under Section 180(1)(c), and approved lending/investment powers of up to ₹100 Crores under Sections 185 and 186. Out of 7,242 total shareholders, only 47 members attended the meeting. Detailed voting results and the scrutinizer's report are expected to be filed with the stock exchange by 23rd-24th February 2026.
The name change signals a possible rebranding or shift in business focus, while the higher borrowing and investment limits (up to ₹100 Crores) suggest the company may be preparing for expansion, acquisitions, or raising additional debt. The appointment of a new Independent Director strengthens board governance, but the low shareholder attendance (47 out of 7,242) is worth noting.