Popular Foundations Ltd

Financial performance

• Revenue from Operations: 6,178.59 Lakhs for FY26.
• Total Income: 6,225.79 Lakhs.
• EBITDA: 274.29 Lakhs; PBT: 107.34; PAT: 100.89 Lakhs.
• Current tax: 31.76; Deferred tax: (4.58); Earlier year tax: (20.75).
• Transfer to General Reserve: 1.01 Crores.
• Dividend: No dividend recommended for 2025-26.

Business profile & operations

• Single reportable construction segment; operations within India.
• Order books are healthy.
• No subsidiary.

Capital structure & liquidity

• Share capital: 2,037.80 Lakhs; 2,03,78,000 equity shares.
• IPO completed; funds raised; share capital Rs 20.38 Cr.
• Short-term borrowings: 1,246.99 Lakhs.
• Long-term borrowings: 165.55 Lakhs.
• Debt-Equity ratio: 0.33; Current ratio: 2.16.
• Debt service coverage: 1.53; ROE: 0.02.
• Earnings per share: Rs 0.50.

Governance & board

• Uma Sharvani appointed Independent Director on 23 March 2026.
• D H Gopalakrishnan resigned as Independent Director.
• Vinita Venkatesh re-elected as Director.
• Board met four times in 2025-26.
• Audit Committee chaired by V Sridhar; members N Venkatesan, Umaa Sharvani, A S Venkatesh.
• Statutory Auditor: Krishaan & Co.; Internal Auditor: Srinivasan & Srivatsan; Secretarial Auditor: R Mukundan.

Audit, risk management & controls

• Revenue recognition is a key audit matter due to contract complexities.
• Trade receivables: net Rs 901.89 Lakhs; unbilled receivables Rs 3,814.51 Lakhs.
• Trade payables: Rs 2,355.77 Lakhs.
• GST dispute: Rs 1.10 Lakhs under GST Act 2017.
• Internal controls: adequate; no fraud or litigation reported.

Related party transactions

• Transactions with MD/WD and related parties on arm's length basis.
• Salaries, Rent, and income from operation with related parties disclosed in notes.

CSR & compliance

• CSR not required for 2025-26 due to threshold.
• Company complies with applicable laws and secretarial standards; no material adverse events.

Outlook & risks

• Future prospects: construction sector growth; orders healthy; focus on safety, cost, quality, and delivery.

AGM Details

• AGM date/time and mode: 22 September 2026 at 11:00 IST via VC/OAVM.
• EVoting cut-off date: 15 September 2026.
• EVoting window: starts 19 September 2026 at 09:00 IST.
• EVoting window ends: 21 September 2026 at 17:00 IST.
• Notice and Annual Report emailed to members with registered IDs.
• Notice is available on the company's website.

Order details

• Entity awarding the order: Sastra Deemed to be University.
• Nature and scope: Construction of a convention centre at SASTRA University.
• Order value: ₹19.82 crore including GST.
• Domestic order awarded by a domestic entity.
• Execution period: 10 months from work commencement.
• Receipt date/time: 19 Aug 2026, 17:00 hrs.
• Promoter group: No interest; arm's length.