Popees Baby Care India Approves Share Capital Increase & Acquisition

Popees Baby Care India Ltd. announced a significant board meeting outcome on October 8, 2026. The company approved an increase in its authorized share capital from ₹10.25 Crores to ₹47 Crores. Furthermore, the board greenlit the acquisition of 99.31% of Popees Baby Care Products Limited (PBCPL) through a share subscription and share purchase agreement, involving a share swap arrangement. The company also approved the issuance of equity shares and convertible warrants on a preferential basis to promoters and non-promoters of PBCPL, with a relevant date of October 19, 2026, for the preferential issue. An EGM is scheduled for November 18, 2026, to seek shareholder approval for these proposals. The trading window remains closed until 48 hours after the declaration of results.