Popular Vehicles and Services Ltd

reader-facing section title

• No demat/remat requests were received during the quarter ended 30 September 2026.
• Securities dematerialised during the quarter were confirmed to depositories and listed on the stock exchanges.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner.

Popular Vehicles and Services Ltd — Trading Window closed from 01 October 2026 till 48 hours after the declaration of the Un-audited Financial Results for the second quarter and half year ended 30 September 2026 (both days inclusive).

Corporate guarantees to SBI for two subsidiaries

• Corporate guarantee extended to State Bank of India for renewal of Electronic Dealer Funding Scheme.
• Guarantee amount up to Rs 30 crore for Popular Mega Motors (India) Private Limited.
• Guarantee amount up to Rs 18.5 crore for Popular Autoworks Private Limited.
• Wholly owned subsidiaries; MD of parent also MD of Mega Motors.
• Independent Director of parent also serves on the board of Mega Motors.
• Transaction is at arm's length; no material impact on parent beyond disclosure.

Meeting Details

• Date/Time: 18 September 2026, 10:00 am onwards.
• Nature of Meeting: Group Meeting.
• Name of Conference: Nirmal Bang IE Auto Dealer Conference.
• Mode/Place: Virtual.

Participants

• Company officials attending (roles not specified).

Purpose

• Investor conference discussions based on public information.

Additional Notes

• No UPSI intended to be discussed.

AGM Details

• Date and mode: 28 August 2026 via VC/OAVM.
• Time: 04:00 PM.
• Notice date: 26 May 2026.
• Voting entitlement cut-off: 21 August 2026.
• Voting period: remote e-voting 25–27 August 2026.
• Shareholders on record: 56,571.

Key Resolutions

• Adopt standalone and consolidated financial statements for year ended 31 March 2026.
• Re-appoint John K. Paul as director (rotational).
• Appoint MSKA & Associates LLP as Statutory Auditors for 5 years; fix remuneration.
• Appoint Paul Francis Kuttukaran as Non-Executive Non-Independent Director.

Voting Results

• Resolution 1 passed; in-favour ~99.999%.
• Resolution 2 passed; in-favour ~99.999%.
• Resolution 3 passed; in-favour ~99.99%.
• Resolution 4 passed; in-favour ~99.999%.

Auditors & Directors

• MSKA & Associates LLP appointed as Statutory Auditors for 5 years.
• Paul Francis Kuttukaran appointed as Non-Executive Non-Independent Director.

Re-appointment of John K. Paul

• Type: Re-appointment as Director, retires by rotation, eligible for re-appointment.
• Effective date: 28 August 2026; term: retires by rotation.
• Reason: Retirement by rotation; eligible for re-appointment.
• Relationship: Relative of Naveen Philip, Managing Director.
• Not debarred or disqualified by SEBI or other authorities.

Appointment of Paul Francis Kuttukaran as Director

• Type: Appointment of Paul Francis Kuttukaran as Non-Executive Non-Independent Director.
• Effective date: 28 August 2026; liable to retire by rotation.
• Reason: To maintain representation of all three promoter families.
• Profile: Senior commercial/strategy leader with international automotive/manufacturing experience; MBA, Mechanical Eng.
• Relationship: Relative of Naveen Philip (MD) and nephew of John Kuttukaran Paul.
• Not debarred or disqualified by SEBI or other authorities.

Auditor Appointment

• Shareholders approved appointment of MSKA & Associates LLP as statutory auditors for five years.
• Term runs from the 42nd AGM to the 47th AGM, ending in 2031-32.
• Remuneration to be fixed by the Audit Committee and Board.
• MSKA & Associates LLP is ICAI-registered, peer-reviewed, and a member of BDO International.
• Independence and eligibility to act as Statutory Auditor confirmed.
• Date of appointment: 28 August 2026.