Pursuant to Regulation 30, 33, 51 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to inform that the Board of Directors of the Company at its ....
Awaiting price reaction for this filing.
Popees Cares Limited's Board approved unaudited standalone financial results for the quarter and nine months ended 31 December 2025. The company reported negligible income of only Rs 0.32 lakh (other income) in Q3 FY26 against total expenses of Rs 9.52 lakh, leading to a pre-tax loss of Rs 10.89 lakh for the quarter. For the nine-month period, the pre-tax loss stood at Rs 35.97 lakh versus Rs 41.84 lakh in the corresponding prior period. The balance sheet shows total assets of Rs 77.46 lakh with share capital of Rs 604.43 lakh offset by accumulated losses of Rs 695.64 lakh, leaving negative equity of Rs 91.21 lakh. The notes explicitly state that accounts have been prepared on a 'Going Concern' basis despite fully eroded net worth, with continuity dependent on promoter fund infusion and future revenue generation. The statutory auditor (Mahesh C. Solanki & Co.) issued an unmodified limited review report.
Significant red flag for shareholders — the company's net worth is fully eroded, it continues to report losses, and survival depends on promoter capital infusion and revival of business. Despite narrowing losses year-on-year, the going concern overhang and absence of operating revenue make this a high-risk situation for retail investors.