Popular Foundations Limited has announced the receipt of a new construction order worth ₹13.51 crores from Ms. Eversendai Construction Private Limited. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Order Details

The construction project involves building a Service Block at DLF Downtown, Taramani. This domestic order represents a significant addition to the company's order book and demonstrates continued business growth in the infrastructure development sector.

Regulatory Compliance

The company has confirmed that this order does not fall within related party transactions and has been awarded by a domestic entity. Popular Foundations Limited has also disclosed that neither the promoter, promoter group, nor group companies have any interest in Eversendai Construction Private Limited, the entity that awarded the contract.

Corporate Governance

The disclosure was made in compliance with SEBI regulations and circular requirements, ensuring transparency in material contract announcements. The company secretary and compliance officer, Soniya Sharma, signed the regulatory filing, confirming adherence to listing obligations.

This order addition strengthens Popular Foundations Limited's position in the construction and infrastructure development sector, particularly in the Chennai and surrounding regions where the company maintains its operational base.

Popular Foundations Limited, a prominent player in the Indian construction sector, has announced its unaudited financial results for the half-year ended September 30, 2025, along with a significant change in its leadership team.

Financial Performance

The company reported a revenue from operations of Rs 3,400.91 lakhs for the quarter and Rs 6,867.08 lakhs for the half-year ended September 30, 2025. The net profit after tax stood at Rs 92.13 lakhs for the quarter and Rs 646.33 lakhs for the half-year.

Here's a breakdown of the key financial metrics:

Leadership Change

In a significant development, Mr. N Chellappa, the Chief Financial Officer (CFO) of Popular Foundations Limited, has tendered his resignation. Mr. Chellappa plans to pursue opportunities outside the company and will be relieved from his duties effective November 15, 2025.

IPO Proceeds Utilization

The company's board has confirmed that there were no deviations in the utilization of IPO proceeds during the reporting period. As of September 30, 2025, Rs 3.72 lakhs remained unutilized in the escrow account. The company plans to utilize this amount in the current half-year.

Financial Position

As of September 30, 2025, Popular Foundations Limited reported:

• Total assets of Rs 7,285.77 lakhs
• Shareholders' funds of Rs 4,361.62 lakhs
• Current liabilities of Rs 2,584.84 lakhs

The company's cash and cash equivalents stood at Rs 58.41 lakhs, showing an improvement from Rs 41.93 lakhs at the end of the previous financial year.

Market Performance

Popular Foundations Limited continues to maintain investor interest. The company's performance in the construction sector, coupled with its transparent financial reporting, may influence its market position in the coming months.

Investors and stakeholders are advised to closely monitor the company's future announcements, particularly regarding the appointment of a new CFO and the complete utilization of IPO proceeds.