John Kuttukaran Paul resigns from Popular Vehicles' subsidiaries
Mr. John Kuttukaran Paul (DIN: 00016513) has resigned from the position of Director in five subsidiaries of Popular Vehicles and Services Ltd, effective October 8, 2026. The resignation stems from a Family Settlement among the Promoter Family, which was previously communicated to the Stock Exchanges on October 5, 2026. The affected subsidiaries include Prabal Motors Private Limited (Material Subsidiary), Popular Autoworks Private Limited, Kuttukaran Cars Private Limited, Popular Auto Dealers Private Limited, and Keracon Equipments Private Limited. The family settlement aims to maintain family unity and allow members to pursue individual strategic goals. Management and operational control of Popular Vehicles and Services Limited and its subsidiaries will continue to vest with Mr. Francis K. Paul and Mr. Naveen Philip. Mr. John Kuttukaran Paul will now focus on specific partnerships, educational trusts, and other family businesses as per the agreement, confirming no other material reasons for his departure.
Key Highlights
- Director John Kuttukaran Paul resigned from five subsidiaries.
- Resignation is effective October 8, 2026, due to a family settlement.
- The family settlement was previously disclosed on October 5, 2026.
- Control of the company remains with continuing promoters.
- Paul will focus on other family business ventures post-resignation.
Price Impact
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