Submission of proceedings of 31st AGM held on 16th September, 2025
Awaiting price reaction for this filing.
Popees Cares Limited (formerly Archana Software Limited) held its 31st AGM on 16th September 2025 via video conferencing from 12:00 PM to 12:18 PM, with 59 members attending and quorum confirmed. Eight resolutions were tabled, including routine ones such as adoption of the audited FY25 financial statements and re-appointment of Mrs. Linta Purayidathil Jose as Director retiring by rotation. The key special business items were the appointment of two new Independent Directors (Mrs. Sumita Mishra and Mr. Omkar Mundhra), appointment of Mrs. Linta Purayidathil Jose as Whole-Time Director, and two resolutions seeking shareholder approval for reduction of share capital. M/s. Lakshmmi Subramanian & Associates was also appointed as Secretarial Auditor for a 5-year term. The Statutory Auditor's Report had no adverse qualifications, and e-voting results were to be submitted to the stock exchange within 48 hours (by 18th September 2025). Three directors (Mr. Sivadas Chettoor, Mr. Omkar Mundhara, and Mrs. Sumita Mishra) were absent citing personal engagements.
The most material item for shareholders is the proposed share capital reduction, which could change the equity base and per-share metrics if approved. The appointments of two new independent directors and a whole-time director indicate board restructuring. Voting results on the capital reduction and director appointments will be the key catalysts to watch over the next few days.