Popees Baby Care India Limited submitted an application to BSE Limited seeking no-objection for reclassifying its promoters from the "Promoter and Promoter Group" category to the "Public" category. The filing was made on October 6, 2026, pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The application specifically targets Mr. Jugalkishore Harikisan Maniyar and Mrs. Sunita Jugalkishore Maniyar. This move follows their individual requests dated February 14, 2026. The company disclosed that the Board of Directors approved the reclassification proposal on March 3, 2026, and the members subsequently ratified it on April 14, 2026.

Regulatory framework and process

The disclosure was made under Regulations 30 and 31A(8)(c) of the SEBI LODR Regulations. The specific request for reclassification falls under Regulation 31A(3), which governs the exit of promoters from the promoter group category. The company formally requested the exchange to take the submission on record.

Timeline of approvals

The path to this regulatory filing involved multiple internal governance steps over several months:

The Managing Director, Shaju Thomas, signed the digital communication on October 13, 2026. The company, formerly known as Hari Govind International Limited, operates in the baby care sector.

Popees Baby Care India Limited submitted the scrutinizer's report regarding the e-voting results of its 38th Annual General Meeting (AGM) held on September 30, 2026. The filing confirms that all agenda items, including the appointment of new statutory auditors, received unanimous support from shareholders.

The meeting was conducted via Video Conferencing and Other Audio-Visual Means. Voting results disclosed under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, indicate no votes cast against any resolution. A total of 26 shareholders attended the meeting, comprising two promoters and 24 public shareholders. The scrutinizer's report was prepared by Liya Antony, Practising Company Secretary from Liya and Associates.

Resolutions on financials and governance

The first resolution involved adopting the audited financial statements for the fiscal year ended March 31, 2026, along with the Board of Directors and Auditors' reports. This ordinary resolution received 100% support from votes polled. The second resolution concerned the re-appointment of Linta Purayidathil Jose as a Director retiring by rotation, which also passed with 100% in favor.

The third resolution filled the casual vacancy in the statutory auditor position caused by the resignation of M/s. C.V. Paturkar & Co., effective August 14, 2026. The fourth resolution formally appointed M/s. Manikandan & Associates (FRN: 008520S) for the fresh term running from the conclusion of the 38th AGM until the conclusion of the 43rd AGM. Both appointments were approved unanimously.

Auditor profile and voting details

M/s. Manikandan & Associates, established in 1999, is a Peer Review Certified firm registered with the Institute of Chartered Accountants of India. The firm provides services in Audit & Assurance, Finance & Accounting, Taxation, Company Law, RBI/FEMA/SEBI compliance, Due Diligence, and Mergers & Acquisitions. CA Manikandan C.K., B.Com., FCA, DISA (ICAI), serves as the Founder and Managing Partner. The disclosure notes that relationships between directors are not applicable.

The total number of shareholders on record was 191. The promoter group held 5,402,410 shares, while public non-institutional shareholders held 11,900 shares. Institutional holdings were nil.

What the Numbers Show

A notable divergence exists between the total shares held by promoters (5,402,410) and the number of votes actually polled by them across different resolutions. For the financial statement adoption and auditor appointments, promoters polled 3,902,410 votes, representing approximately 72.23% of their holding. However, for the re-appointment of Director Linta Purayidathil Jose, promoter votes dropped to 3,042,080, or roughly 56.31% of their holding. This suggests that a portion of the promoter group either abstained or did not vote on the specific director re-election, despite voting on other routine matters including the new auditor appointment. Public non-institutional shareholders consistently voted 11,900 shares in favor across all items.