Koiya International's Standalone Financial Results Receive Unmodified Audit Opinion
The standalone financial results of M/s. Koiya International Limited, formerly known as Popees Cares Limited, have been audited by Mahesh C. Solanki & Co., Chartered Accountants. The audit covers the quarter ended March 31, 2026, and the year-to-date results for the period from April 1, 2025, to March 31, 2026.The independent auditor confirmed that the financial results meet specific requirements and provide a true and fair view.
According to the report prepared by Mahesh C. Solanki & Co., these standalone financial results are presented in accordance with the requirements stipulated for such reporting. Furthermore, they are stated to give a true and fair view consistent with the recognition and measurement principles laid down in applicable accounting standards and other generally accepted accounting principles in India regarding net loss and other comprehensive income and other financial information.
The audit conducted by the Chartered Accountants was carried out in accordance with the prescribed standards on auditing (SAs) under the Companies Act, 2013. The auditors confirmed their independence from the Company according to the code of ethics issued by the Institute of Chartered Accountants of India. They stated that the audit evidence obtained is sufficient and appropriate to provide a basis for their opinion.
The report also outlined the responsibilities of the company's Board of Directors regarding these financial results. The Board is responsible for preparing the results, ensuring they give a true and fair view in compliance with Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules, as well as other generally accepted accounting principles. This responsibility also includes maintaining adequate accounting records, selecting appropriate accounting policies, making reasonable judgments and estimates, and designing and implementing internal financial controls that operated effectively.
The auditors' responsibilities included obtaining a reasonable assurance that the standalone financial results are free from material misstatement, whether due to fraud or error. They sought an understanding of internal control relevant to the audit and evaluated the appropriateness of accounting policies and the reasonableness of accounting estimates. The audit also involved concluding on the suitability of the going concern basis of accounting and assessing whether a material uncertainty exists regarding the Company's ability to continue as a going concern.
The statement further noted that these quarterly financial results represent the balancing figures between the audited figures for the full financial year ended March 31, 2026, and the published unaudited year-to-date figures up to the end of the third quarter, which were subjected to limited review by the auditors.
Stock Price Movement
At the market close on Monday, shares of Koiya International Ltd. settled at ₹12.07, ticking up 4.96% from previous closing prices. The equity remained completely flat throughout the trading session, holding steady within a narrow intraday range.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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