Submission of Outcome of Board meeting held on 14th August 2025 to approve unaudited financial results for the quarter ended 30 June, 2025 and other items
Awaiting price reaction for this filing.
The Board of Popees Cares Limited (formerly Archana Software Limited) approved unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). The company reported zero revenue from operations for the quarter, with total income of Rs 0 Lakhs compared to Rs 0.32 Lakhs in Q1 FY25. Total expenses stood at Rs 6.19 Lakhs, resulting in a net loss of Rs 6.19 Lakhs for the quarter (vs Rs 5.10 Lakhs loss in Q1 FY25). Full-year FY25 loss was Rs 41.84 Lakhs. Critically, the company disclosed that accumulated losses of Rs 675.23 Lakhs have fully eroded its equity share capital of Rs 604.40 Lakhs, leaving net worth negative at minus Rs 70.80 Lakhs. The accounts have been prepared on a 'Going Concern Basis' dependent on promoter fund infusion and future revenue. The Board also fixed the AGM for 16 September 2025 and approved shifting of the registered office to Chennai.
This is a deeply negative filing for shareholders. The company has zero operating revenue, widening losses, and a fully eroded net worth, making it a textbook going-concern situation. Stock price is likely to face selling pressure; investors should be cautious as the company's survival depends entirely on promoter capital infusion and future business generation.