Koiya International Limited (formerly Popees Cares Limited) reported a narrowed standalone net loss of ₹3.49 lakh for the first quarter ended June 30, 2026, marking an improvement from the ₹6.19 lakh loss recorded in the same quarter of FY25. The company generated no revenue from operations during the period, with total expenses declining to ₹3.49 lakh from ₹6.19 lakh in Q1FY25. This reduction in losses was primarily driven by lower employee benefit expenses and other operational costs, signaling a stabilization in its cost structure despite the absence of operating income.

The Board of Directors approved the unaudited financial results on August 11, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Mahesh C. Solanki & Co., Chartered Accountants. The auditors issued an unmodified opinion, confirming that the statement complies with Indian Accounting Standard 34 (Ind AS 34) and does not contain any material misstatement.

Financial Performance Overview

The company continues to operate without revenue from operations, relying entirely on cost containment to manage its deficit. Total expenses for Q1FY26 stood at ₹3.49 lakh, down significantly from ₹4.76 lakh in the fourth quarter of FY25 and ₹6.19 lakh in Q1FY25. Employee benefit expenses decreased to ₹0.60 lakh from ₹1.67 lakh in the prior year quarter, while other expenses fell to ₹2.83 lakh from ₹4.52 lakh. Depreciation and amortization expenses were recorded at ₹0.06 lakh.

Basic earnings per share stood at a loss of ₹0.06 per equity share, compared to a loss of ₹0.10 per share in Q1FY25 and ₹0.08 per share in Q4FY25. The paid-up capital remains unchanged at ₹604.40 lakh, with a face value of ₹10.00 per share.

Board Appointments and Corporate Actions

In addition to approving the financial results, the Board appointed Mrs. Kattakota Satyabati Devi as an Additional Director designated as Executive-Managing Director, subject to shareholder approval at the ensuing Annual General Meeting. She was also appointed as Chief Financial Officer effective August 11, 2026. Ms. Devi holds a bachelor's degree and possesses expertise in management. She is not related to any existing director of the company.

The Board also reconstituted its statutory committees. Omkar Mundhra serves as Chairman of both the Audit Committee and the Stakeholders Relationship Committee, while Sumita Mishra chairs the Nomination and Remuneration Committee. Saroj Kumar Choudhury serves as a member across all three committees. The company has scheduled its 32nd Annual General Meeting for September 28, 2026, to be held through Video Conferencing or Other Audio Visual Means. CDSL has been appointed as the intermediary for e-voting, and Lakshmmi Subramanian & Associates as the scrutinizer.

Koiya International Limited (formerly Popees Cares Limited) has accepted the resignation of Mr. Shaju Thomas from the position of Non-Executive Director, effective June 19, 2026. The resignation was submitted due to his personal and professional commitments. Mr. Thomas confirmed that there are no other material reasons for his departure beyond those stated in his resignation letter.

The intimation was made to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed that the resignation letter, dated June 19, 2026, has been enclosed with the filing. The necessary filings and compliances with the Registrar of Companies and other regulatory authorities will be completed as required.

Directorship Details

Mr. Shaju Thomas holds directorships in other listed entities. The following table details his current positions:

Regulatory Disclosures

The company provided the disclosure as required under Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The confirmation regarding the absence of material reasons for the resignation was recorded in the official filing submitted by Linta Purayidathil Jose, Whole Time Director of Koiya International Limited.