Popular foundations has received regulatory compliance certification from its share transfer agent for the period ended March 31, 2026. The certificate was issued by BTS Consultancy Services Private Limited under SEBI regulations governing listing obligations and disclosure requirements.

Regulatory Compliance Certificate

BTS Consultancy Services Private Limited issued the certificate under Regulation 7(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The certificate, dated April 7, 2026, confirms compliance for the period ended March 31, 2026.

Share Transfer Agent Services

The certificate confirms that BTS Consultancy Services has been maintaining all activities related to share transfer facilities for Popular Foundations Limited. The services encompass both physical and electronic share transfer operations, including dematerialisation and rematerialisation processes.

BTS Consultancy Services Private Limited operates as the registered share transfer agent with SEBI permanent registration number INR200004031. The company is based in Chennai and provides comprehensive registrar and share transfer agent services.

Service Coverage

The certification covers the complete range of share transfer activities mandated under SEBI regulations. This includes:

• Physical share transfer facility maintenance
• Electronic share transfer operations
• Dematerialisation services
• Rematerialisation processes

The certificate represents compliance with regulatory requirements for listed companies regarding share transfer agent services and demonstrates adherence to SEBI's listing obligations and disclosure requirements.

Popular Foundations Limited has announced the adoption of a comprehensive Dividend Distribution Policy by its Board of Directors, ensuring compliance with regulatory requirements and establishing a clear framework for shareholder returns. The Chennai-based company disclosed this development through a formal communication to BSE Limited on March 23, 2026.

Regulatory Compliance and Policy Framework

The policy has been formulated pursuant to Regulation 43A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to establish transparent guidelines for dividend distribution decisions, ensuring shareholders understand the parameters governing their returns.

Distribution Parameters and Decision Factors

The Board will consider multiple parameters when determining dividend distributions, emphasizing sustainable and consistent payments. The policy outlines comprehensive factors that influence dividend decisions, ensuring a balanced approach to shareholder returns and business growth requirements.

Key considerations for dividend distribution include:

• Financial performance, liquidity position, and prevailing market conditions
• Working capital requirements and capital expenditure plans for normal operations and projects
• Funding options including internal resource utilization
• Acquisition plans and additional investments in subsidiaries
• Regulatory compliance under the Companies Act, 2013 and other applicable laws
• General economic conditions and policy changes affecting future operations
• Tax implications on dividend distribution
• Company's dividend history and corporate practices

Retained Earnings Utilization Strategy

The policy clearly defines how undistributed profits will be utilized for stakeholder benefit. Retained earnings will support future business growth, expansion initiatives, strategic plans, and contingency requirements. The Board retains discretion to deploy these funds in ways that serve the company's and stakeholders' interests.

Share Class Structure and Distribution Mechanism

Popular Foundations Limited currently maintains a single class of equity shares, each with a face value of Rs. 10 and fully paid-up status. Under the policy framework, any distributable profits determined by the Board will be available to all equity shareholders proportionate to their holdings as of the relevant record date.

Policy Governance and Future Modifications

The policy demonstrates robust governance provisions, remaining applicable for both interim and final dividend recommendations until the Board decides otherwise. The framework includes automatic modification provisions to reflect changes in regulations or applicable laws, with such amendments being communicated to the Board and stakeholders appropriately. The Board reserves the right to make policy changes as deemed necessary from time to time.