Popees Cares Limited, formerly known as Archana Software Limited, announced its standalone unaudited financial results for the quarter ended December 31, 2025, revealing continued operational challenges with zero revenue generation and sustained losses.

Financial Performance Overview

The company reported a net loss of ₹9.52 lacs for Q3FY26, representing a significant improvement from the ₹21.95 lacs loss recorded in the corresponding quarter of the previous year. Despite this improvement, the company generated no revenue from operations during the quarter.

Expense Analysis

The company's total expenses for Q3FY26 stood at ₹9.52 lacs, substantially lower than the ₹21.95 lacs incurred in Q3FY25. The expense structure included:

• Employee benefits expenses: ₹1.70 lacs
• Other expenses: ₹7.82 lacs
• Finance costs and depreciation: Nil

Nine-Month Performance

For the nine months ended December 31, 2025, Popees Cares reported a cumulative net loss of ₹26.60 lacs, showing improvement from the ₹35.97 lacs loss in the corresponding period of the previous year. Total expenses for the nine-month period amounted to ₹26.60 lacs, with employee benefits expenses of ₹5.05 lacs and other expenses of ₹21.56 lacs.

Balance Sheet Position

The company's financial position reflects significant challenges with negative equity of ₹91.21 lacs as of December 31, 2025, compared to negative ₹64.61 lacs as of March 31, 2025.

Going Concern Considerations

Despite the erosion of net worth, the company continues to prepare its financial statements on a going concern basis. Management noted that the company was substantially acquired by current promoters in October 2023, with the name change from Archana Software Limited to Popees Cares Limited effective April 5, 2024. The company's ability to continue operations depends on additional fund infusion from promoters and shareholders, along with revenue generation from future business activities.

Corporate Governance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 11, 2026. The results were prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting" and received a limited review from statutory auditors Mahesh C. Solanki & Co.

Popees Cares Limited has announced the simultaneous resignation of its Company Secretary and an Independent Director, both effective from January 15, 2026. The company informed BSE Limited of these leadership changes on January 10, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Personnel Departures

The resignations involve two significant positions within the company's governance structure:

Company Secretary Resignation Details

Ms. Divya P.S., designated as Key Managerial Personnel, submitted her resignation letter on January 10, 2026. She will be relieved from her duties as Company Secretary and Compliance Officer at the close of business hours on January 15, 2026. In her resignation communication, she confirmed that there are no other material reasons for her departure beyond the professional reasons stated.

Independent Director's Exit

Mr. Suresh Thekkemalaikkal Ramakrish Achary, holding DIN 01859728, tendered his resignation from the Board of Directors on January 10, 2026. His resignation from the Independent Director position becomes effective from January 15, 2026. According to the regulatory filing, he holds no directorship in other listed entities.

Regulatory Compliance

Popees Cares Limited has fulfilled its disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015. The company provided detailed annexures containing the required information about both resignations, including confirmation that no material reasons exist beyond those mentioned in the respective resignation letters. Both departing officials have committed to ensuring smooth handover of their responsibilities and extending full cooperation during the transition period.