We wish to inform that a meeting of Board of Directors of the Company is scheduled to be held on 20/03/2026, inter alia to consider and approve raising of funds by way of preferential issue of shares.
Awaiting price reaction for this filing.
Koiya International Ltd (formerly Popees Cares Limited) has informed the BSE that a board meeting is scheduled for March 20, 2026. The main agenda is to consider and approve raising of funds through a preferential issue of shares. The board is also keeping open other options such as QIP, rights issue, further public issue, private placement, or convertible instruments (warrants, CCDs, CNCDs, preference shares) or any combination thereof. No specific amount, pricing, or investor details have been disclosed yet, as the matter is still to be considered. The company has cited a general fund requirement as the rationale.
This is a pre-announcement of a potential equity dilution event, but no concrete details on size, price, or use of funds are available. Shareholders should watch for the next filing after March 20 for actual terms, which could affect share price depending on the issue price and dilution extent.