The Board of Directors of the Company at its meeting held on 03rd March, 2026, inter alia, considered and approved change of name of the Company, reclassification of certain Promoters, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Hari Govind International Limited approved changing the company's name to 'Popees Baby Care India Limited,' pending shareholder and regulatory approvals. Two promoter group entities — Mr. Jugal Kishor Maniyar (HUF) and Mrs. Sunita Maniyar — have requested reclassification from the 'Promoter' category to the 'Public' category, which would reduce the promoter group's reported shareholding. Three directors, including an Independent Director, the Whole-time Director, and a Director, resigned effective February 14, 2026. The board also approved a Pan-India rollout of Exclusive Brand Outlets under the 'Popees' brand, related party transactions of up to Rs. 100 crore per year with several group entities, and new borrowings, charges, and loans/guarantees of up to Rs. 100 crore — all subject to shareholder approval via postal ballot.
The name change and EBO expansion point to a clear brand-building push around the Popees baby care business. The scale of related party transaction limits and new borrowing capacity, combined with the shrinking promoter group, are governance matters shareholders should weigh carefully before approving the postal ballot resolutions.