Popees Cares Ltd — Others, 25-08-2025: Others

Popees Cares Limited is calling its upcoming AGM to approve significant changes. The company is reducing its share capital by 99% to offset accumulated losses of Rs. 6.69 Cr. Paid-up capital will decrease from Rs. 6.04 Cr to Rs. 6.02 Lakh, with shareholders receiving 1 new share for every 100 old shares. This restructuring aims to clean the balance sheet and enable future fundraising. The company reported an annual loss of Rs. 4.18 Lakh for FY24-25. The AGM will also approve key director and secretarial auditor appointments. The board is actively addressing compliance issues noted by auditors.