Submission of Unaudited financial results for the quarter ended 30th June, 2025
Awaiting price reaction for this filing.
Popees Cares Limited reported zero revenue from operations for Q1 FY26, with only a negligible other income of nil, compared to a total income of Rs 0.32 lakh in Q1 FY25. Total expenses rose to Rs 6.19 lakh from Rs 5.10 lakh, driven mainly by employee costs and other expenses, resulting in a net loss of Rs 6.19 lakh versus Rs 5.10 lakh last year. The company's accumulated losses have swelled to Rs 675.23 lakh against paid-up capital of Rs 604.40 lakh, wiping out its net worth to a negative Rs 70.80 lakh. Management has flagged that the financials are prepared on a going-concern basis, contingent on fresh funding from promoters and new business revenue. The company was recently acquired and renamed in October 2023 from Archana Software Limited, and is in the process of restarting operations.
Shareholders face a deeply stressed micro-cap with no operating revenue, widening losses, and fully eroded net worth; survival hinges on promoter capital infusion and the company actually starting commercial operations. The stock carries high risk and should be treated as a speculative turnaround play with limited visibility.