Popees Cares Ltd — Important, 25-08-2025: Company Update

Popees Cares' Board has approved a scheme to reduce its share capital, aimed at cleaning up the balance sheet by writing off accumulated losses. The company's accumulated losses stood at 6.69 Cr and net worth at (0.65) Cr as of March 31, 2025. This capital reduction will correct the financial position, making it easier to raise funds for future expansion. The scheme will reduce the fully paid-up capital from 6.02 Cr to 0.06 Cr and extinguish all 0.02 Cr of partly paid shares. The percentage shareholding pattern will remain unchanged. This is subject to shareholder approval.