Hari Govind International Proposes Name Change to Popees Baby Care India

Hari Govind International Limited announced that its Board of Directors approved multiple strategic initiatives during a meeting held on March 3, 2026, including a proposed name change to "Popees Baby Care India Limited", subject to shareholder and regulatory approvals from stock exchanges, Registrar of Companies, and other authorities.

The Board also approved reclassification requests from Mr. Jugal Kishor Maniyar (HUF) and Mrs. Sunita Maniyar from "Promoter and Promoter Group" to "Public" category, pending shareholder and stock exchange approvals. It noted resignations effective February 14, 2026, of Independent Director Ms. Aruna Mahesh Menkudale (DIN: 10204791), Whole-time Director Mr. Jugal Kishore Harikisan Maniyar (DIN: 00094237), and Director Mrs. Sunita Jugal Kishore Maniyar (DIN: 01796143).

As part of business expansion, the company approved opening Exclusive Brand Outlets (EBOs) pan-India under the "Popees" brand. Related party transactions worth Rs. 100 crore per financial year each were approved with Popees Baby Care Products Limited, Popees Fashions India Private Limited, Pomees India Private Limited, Popees Baby Care LLP, Seataal Properties Private Limited, Esthana Designs (OPC) Private Limited, Ourkids Media Private Limited, and Popees Cares Limited, involving Mr. Shaju Thomas and Mrs. Linta P Jose.

The Board approved creating charges on movable/immovable properties up to Rs. 100 Crores, borrowing beyond paid-up capital/free reserves up to Rs. 100 Crores, and granting loans/guarantees/securities up to Rs. 100 Crores under Sections 180(1)(a), 180(1)(c), and 185 of the Companies Act, 2013, all subject to special resolutions. Various Board committees were reconstituted effective March 3, 2026, including Audit Committee chaired by Mr. Rishin Rasheed, Nomination and Remuneration Committee chaired by Reveesh Moolamkuzhiyil Varghese, and Stakeholders Relationship Committee chaired by Mrs. Linta Purayidathil Jose.

A draft Postal Ballot Notice was approved for shareholder approvals, with CDSL appointed as e-voting provider and CS Liya Antony as Scrutinizer. Mr. Shaju Thomas (DIN: 06412983) was appointed Authorized Signatory.

Source : Equity Bulls

Keywords

HariGovindInternational NameChange PopeesBabyCareIndia RelatedPartyTransactions EBOs