News Stocks Popees Cares Limited Conducts EGM on February 21, 2026, Approves Name Change and Key ResolutionsPopees Cares Limited Conducts EGM on February 21, 2026, Approves Name Change and Key Resolutions
Popees Cares Limited held its EGM on February 21, 2026, with 47 members attending virtually out of 7242 total shareholders. The meeting approved six special resolutions, including a name change to Koiya International Limited, appointment of an Independent Director, and various financial authorizations including loans and investments up to ₹100 crores under the Companies Act, 2013.
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Popees Cares Limited successfully conducted its Extraordinary General Meeting on February 21, 2026, through video conferencing, addressing several critical business matters. The meeting, chaired by Director Shaju Thomas, commenced at 12:00 PM IST and concluded at 12:26 PM IST, with 47 members participating virtually out of 7242 total shareholders as on the cut-off date of February 14, 2026.
Meeting Structure and Participation
The EGM was conducted in compliance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The company provided electronic voting facilities to its members, with remote e-voting commencing at 9:00 AM IST on February 18, 2026, and concluding at 5:00 PM on February 20, 2026. M/s. Suprabhat & Co. Practicing Company Secretary, with proprietor Suprabhat Chakraborty (Membership No: A41030, CP No: 15878), served as the scrutinizer for the electronic voting process.
Key Resolutions Approved
The EGM addressed six special business items, all requiring special resolutions:
| Resolution No. | Business Item | Type |
|---|---|---|
| 1 | Name change from "Popees Cares Limited" to "Koiya International Limited" | Special |
| 2 | Regularization of Mr. Saroj Kumar Choudhury (DIN: 11143083) as Independent Director | Special |
| 3 | Authorization for Board to create security/charge/mortgage interests under Section 180(1)(a) | Special |
| 4 | Increase in borrowing limit under Section 180(1)(c) | Special |
| 5 | Approval for loans/guarantees to entities with director interests under Section 185 | Special |
| 6 | Approval for loans/investments up to ₹100 crores under Section 186 | Special |
Corporate Name Change
The most significant resolution involved changing the company's name from "Popees Cares Limited" to "Koiya International Limited." This strategic rebranding represents a major corporate development that will require regulatory approvals and subsequent compliance procedures.
Governance and Financial Authorizations
The meeting approved several governance and financial measures designed to enhance operational flexibility. The regularization of Mr. Saroj Kumar Choudhury as an Independent Director strengthens the board composition. Additionally, the company secured authorization for increased borrowing limits and the ability to provide loans, guarantees, and investments up to ₹100 crores under Section 186 of the Companies Act, 2013.
Regulatory Compliance and Next Steps
The company maintained full regulatory compliance throughout the process, with voting results to be disclosed by February 23, 2026, and the scrutinizer's report by February 24, 2026. All results and documentation will be communicated to BSE Limited and made available on the company's website at www.popeescars.com . The EGM proceedings demonstrate the company's commitment to transparent governance while positioning itself for future growth through enhanced operational capabilities and strategic rebranding.
