Submission of Outcome of the EGM dated 21/02/2026
Awaiting price reaction for this filing.
Popees Cares Limited held an Extraordinary General Meeting on 21st February 2026 via video conferencing, where six special resolutions were passed by shareholders. Key approvals included changing the company's name to Koiya International Limited, appointing Mr. Saroj Kumar Choudhury as an Independent Director, and expanding the board's powers to create charges on company assets and raise additional borrowings. Shareholders also authorized the company to grant loans, guarantees, and make investments up to ₹100 crore, including to entities where directors are interested. The meeting was attended by 47 members out of 7,242 total shareholders and lasted only 26 minutes. Voting results and the scrutinizer's report will be filed with BSE by 23rd and 24th February 2026 respectively.
The name change indicates a strategic rebranding, possibly tied to a new business direction. The significantly higher borrowing and investment limits, combined with approval to lend to director-related entities, give the board wide financial flexibility but warrant careful monitoring given related-party exposure and governance risk.