Popular Foundations Ltd

Popular Foundations Limited has announced the closure of its trading window from October 1, 2026, until 48 hours after the declaration of its unaudited financial results for the half-year ended September 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, restricting designated insiders from trading in the company's securities during this period to maintain market integrity. The date of the board meeting to consider these results will be communicated separately.

Popular Foundations Ltd has filed the Scrutinizer's report for its 28th Annual General Meeting (AGM) held on September 22, 2026. The AGM was conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM). The report details the e-voting process, including remote e-voting and e-voting during the AGM, managed by NSDL. Two ordinary resolutions were proposed: adoption of the Annual Accounts for 2025-26 and the re-election of Mrs. Vinita Venkatesh as a Director. Both resolutions received overwhelming support, with 100% of votes cast for the adoption of accounts and 99.98% for the director's re-election.

Popular Foundations Ltd has received a new domestic order valued at ₹18.15 Crores (excluding GST) from Rajalakshmi Institute of Technology. The contract is for the construction of Super Structure works for a proposed G+7 floors building with a terrace at the RIT-Homi Bhabha Block Phase III in Kuthambakkam, Chennai. The project is expected to be completed within 380 days from the order issuance date of September 22, 2026. The contract allows for material escalation on major construction materials. The company confirmed there is no promoter interest or related party transaction involved in this deal.

Popular Foundations Limited has announced its 28th Annual General Meeting (AGM) will be held on September 22, 2026, at 11:00 AM IST via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting will transact ordinary business, including the adoption of audited financial statements for the year ended March 31, 2026, and the re-election of Mrs. Vinita Venkatesh as a Director. The cut-off date for e-voting is September 15, 2026, with e-voting commencing on September 19, 2026, and concluding on September 21, 2026. The notice of the AGM and Annual Report have been sent to members via email and are available on the company's website.

Popular Foundations Limited (PFL) has announced its 28th Annual General Meeting (AGM) scheduled for Tuesday, September 22, 2026, at 11:00 a.m. The meeting will be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). Key agenda items include the adoption of the audited financial statements for the year ended March 31, 2026, and the re-election of Mrs. Vinita Venkatesh as a Director. The company has provided detailed notes regarding the virtual meeting procedures, including e-voting facilities and attendance restrictions for the first 1000 members.

Popular Foundations Ltd has announced the receipt of a significant domestic order valued at ₹19.82 Crores (including GST) from Sastra Deemed to be University, Thanjavur. The order is for the construction of a Convention Centre at the university's premises. The project is expected to be executed within 10 months from the commencement of work. This new contract is expected to bolster the company's order book and contribute to its revenue in the coming periods. The company has provided all necessary disclosures as per SEBI LODR Regulations.

Popular Foundations Ltd has announced an Extraordinary General Meeting (EGM) to be held on June 20, 2026, via video conferencing. The agenda includes the appointment of Ms. Umaa Sharvani as an Independent Director for a 5-year term and the re-appointment of Mr. A S Venkatesh as the Managing Director for a 3-year term with a salary of ₹7,50,000 per month plus performance allowance.

The Secretarial Audit Report for Popular Foundations Limited for the financial year ended March 31, 2026, confirms the company's compliance with applicable statutory provisions and adherence to good corporate practices. The audit covered various laws including the Companies Act, SEBI regulations, and labor laws. It also noted that the Board of Directors is properly constituted with a balance of Executive, Non-Executive, and Independent Directors. The report explicitly states that compliance with financial laws was not reviewed, as it falls under the purview of statutory financial and tax auditors.

Popular Foundations Limited confirmed no deviations or variations in the utilization of its Initial Public Offer (IPO) proceeds for the half-year ended March 31, 2026. The company raised ₹1986.90 Lakhs through its IPO on September 20, 2024. The funds were utilized as disclosed in the offer document, with ₹494 Lakhs for debt prepayment, ₹1185 Lakhs for working capital requirements, ₹108.21 Lakhs for general corporate purposes, and ₹198.69 Lakhs for issue expenses. The statement, confirming full utilization without deviation, was reviewed by the Audit Committee and taken on record by the Board.

Popular Foundations Ltd approved the audited financial results for the year ended March 31, 2026. The Board also took note of the re-appointment of the Managing Director and Whole-Time Director, subject to shareholder approval. An Extra-ordinary General Meeting (EGM) is scheduled for June 20, 2026, and the Annual General Meeting (AGM) on September 22, 2026, both via video conferencing. Revenue from Operations stood at ₹6,178.59 lakhs for FY26.