Popular Foundations Ltd — Important, 10-11-2025: Company Update

Popular Foundations announced that its board approved financial results for the half-year ended September 30, 2025, reporting a profit after tax of 0.92 Cr. The board also accepted the resignation of Mr. N Chellappa from the Chief Financial Officer position, effective by November 15. The company confirmed no deviation in the utilization of its IPO proceeds. Out of 19.87 Cr raised from the IPO, 19.83 Cr has been utilized, with 0.04 Cr remaining in an escrow account. This assures investors about capital deployment as per plan.