Popular Foundations Bags ₹13.51 Crore Domestic Work Order from Eversendai Construction

Mumbai, 16 December 2025: Popular Foundations Limited informed the stock exchanges that it has received a new domestic work order valued at ₹13.51 crore from Eversendai Construction Private Limited, in line with disclosure requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Popular Foundations Limited is engaged in civil construction and infrastructure-related works, catering to domestic commercial and development projects. The company is listed on BSE Limited under scrip code 544259 and continues to expand its order book through project-based contracts across India, focusing on structural and construction services for real estate and infrastructure developments.

Contract Secured for DLF Downtown Project with 10-Month Execution Timeline

The newly awarded order involves the construction of a Service Block at DLF Downtown, Taramani, with a total contract value of ₹13.51 crore. The project has been awarded by a domestic entity and is scheduled to be executed within 10 months from the date of the work order. The company confirmed that there is no promoter or group interest in the awarding entity and that the contract does not fall under related party transactions.

Popular Foundations Shares Slip 0.57% to ₹33.15 

The share price of Popular Foundations Limited closed at ₹33.15 on 16 December 2025, down ₹0.19 or 0.57% for the day, on BSE. The stock opened at ₹34.25, touched an intraday high of ₹34.25, and slipped to a low of ₹32.00 before settling lower. The company’s market capitalisation stood at ₹67.55 crore, with the stock trading below its 52-week high of ₹37.40 and above its 52-week low of ₹21.95.

Popular Foundations has formally disclosed a ₹13.51 crore domestic construction order with a defined execution period and no related party involvement. The announcement enhances visibility on the company’s ongoing project inflows and ensures compliance with regulatory disclosure norms for material business developments.

Source: https://www.bseindia.com/stock-share-price/popular-foundations-ltd/pfl/544259/corp-announcements/

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