Koiya International Limited (formerly Popees Cares Limited) passed all six resolutions at its 32nd Annual General Meeting held on September 30, 2026, with the scrutinizer's report submitted to BSE Limited on October 5, 2026.

The company also reported a net loss of ₹31,36,255 for FY26, down from a loss of ₹41,84,045 in the previous fiscal year, against nil revenue from operations. Statutory auditors M/s. Mahesh C. Solanki & Co. issued their report without qualifications for the period ended March 31, 2026.

AGM voting results

The meeting was conducted via video conferencing, with 1 promoter and 50 public shareholders attending through that mode. As on the record date of September 23, 2026, the total number of shareholders stood at 6,952. All voting was conducted exclusively through remote e-voting via the CDSL platform; no votes were cast through the e-voting facility at the meeting itself. The scrutiny was conducted by Lakshmmi Subramanian & Associates, Practicing Company Secretaries, Chennai, appointed by the Board on September 4, 2026.

The table below summarises the outcome of all six resolutions:

For Resolutions 1, 3, 4, 5, and 6, total votes polled stood at 8,52,442 out of 60,66,700 total shares, representing 14.05% of outstanding shares. For Resolution 2, total votes polled were 5,31,537 out of 60,66,700 shares, representing 8.76% of outstanding shares. There were no invalid votes across any resolution.

Governance and board changes

Mrs. Kattakota Satyabati Devi was appointed as Managing Director for a three-year term from August 11, 2026, to August 10, 2029, with her appointment as Director also regularised. Mr. Arunraj Charivukalayil Baburaj was regularised as a Non-Executive, Non-Independent Director. Mrs. Linta Purayidathil Jose, Whole-time Director, retired by rotation and was re-appointed as a director.

Meeting proceedings

The meeting commenced at 2:00 pm and concluded at 2:17 pm. Mr. Omkar Mundhra, Independent Director, chaired the meeting. The requisite quorum under Section 103 of the Companies Act, 2013 was present. The AGM notice, along with the Annual Report for FY26, was sent through electronic mode to 4,125 shareholders on September 7, 2026, whose email addresses were registered with the Registrar and Transfer Agent or with the depositories.

What the numbers show

The FY26 net loss of ₹31,36,255 reflects a reduction from ₹41,84,045 in the prior year, though this improvement occurred against a backdrop of zero operating revenue. The absence of topline income means the narrowing loss points to cost containment or lower non-operating expenses rather than any recovery in core business activity.

Koiya International reported a net loss of ₹31.36 lakh for the financial year ended March 31, 2026, widening from ₹41.84 lakh in the prior year, as the company continued to generate no revenue from operations. The statutory auditors, Mahesh C. Solanki & Co, issued an unmodified opinion on the standalone audited financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

For the quarter ended March 31, 2026, the company reported a net loss of ₹4.76 lakh, a slight improvement from the loss of ₹5.87 lakh recorded in the corresponding period of the previous year. Total revenue for the quarter was nil, with other income also remaining at zero. Total expenses for the quarter amounted to ₹4.76 lakh, driven primarily by other expenses of ₹4.39 lakh and depreciation of ₹0.37 lakh.

Financial Performance

The absence of operational revenue persisted throughout the fiscal year. Total expenses for FY26 declined to ₹31.36 lakh from ₹42.16 lakh in FY25. This reduction was largely attributed to a decrease in other expenses, which fell to ₹25.95 lakh from ₹40.10 lakh in the previous year. Employee benefit expenses for the year rose to ₹5.05 lakh from ₹1.38 lakh, while depreciation costs decreased to ₹0.37 lakh from ₹0.68 lakh.

The company's earnings per share (EPS) for the year stood at ₹-0.52, basic and diluted, compared to ₹-0.69 in the previous year. The paid-up equity capital as of March 31, 2026, was recorded at ₹604.43 lakh, with a face value of ₹10 per share.

Balance Sheet and Cash Flows

As of March 31, 2026, Koiya International's total assets stood at ₹26.91 lakh, a marginal increase from ₹23.98 lakh in the previous year. Current assets, comprising cash and cash equivalents of ₹4.57 lakh and other current assets of ₹21.36 lakh, formed the bulk of the asset base. Non-current assets, primarily property, plant, and equipment, were valued at ₹0.97 lakh.

On the liabilities side, the company reported total liabilities of ₹122.88 lakh, up from ₹88.59 lakh in the prior year. This increase was driven by other current liabilities, which rose to ₹119.14 lakh from ₹86.14 lakh. Equity showed a deficit of ₹95.97 lakh, compared to ₹64.61 lakh in the previous year, reflecting the accumulated losses.

Cash flow from operating activities for FY26 was negative at ₹0.75 lakh, compared to a positive inflow of ₹1.33 lakh in the previous year. The company did not generate cash from investing or financing activities during the year. Consequently, cash and cash equivalents decreased to ₹4.57 lakh as of March 31, 2026, from ₹5.32 lakh a year earlier.