Popular Foundations Reports No IPO Fund Deviation

Fund Raising Details

• Mode of Fund Raising: Public Issue
• Date of Raising Funds: September 20, 2024 (Date of Allotment)
• Amount Raised: ₹19.869 million (₹1,986.90 lakhs)
• Reporting Period: Half year ended March 31, 2026
• Monitoring Agency: Not Applicable

Fund Utilization Status

• Deviation/Variation in use of funds: No
• Shareholder approval for changes: Not Applicable
• Explanation for Deviation/Variation: Not Applicable
• Audit Committee Comments: Nil
• Auditor Comments: Nil

Detailed Fund Utilization Breakdown

| Purpose | Amount Disclosed (₹ lakhs) | Actual Utilized (₹ lakhs) | Unutilized (₹ lakhs) |

| Prepayment/Repayment of outstanding borrowings | 494.00 | 494.00 | Nil |

| Funding working capital requirements | 1,185.00 | 1,186.00 | Nil |

| General Corporate Purposes | 108.21 | 108.21 | Nil |

| Issue Expenses | 198.59 | 168.69 | Nil |

| Total | 1,986.90 | 1,986.90 | 0 |

Governance Approval

• The statement was reviewed by the Audit Committee
• Taken on record by the Board of Directors
• Both approvals occurred at meetings held on March 31, 2026