Popular Vehicles Director Resigns from 5 Subsidiaries

Mr. John Kuttukaran Paul has resigned as Director from five subsidiaries of Popular Vehicles and Services Ltd, including the material subsidiary Prabal Motors Private Limited. The resignations are effective immediately, dated October 8, 2026, and are pursuant to a family settlement agreement executed on October 1, 2026. This settlement aims to preserve family unity and allow individual family members to pursue distinct strategic goals. Mr. Paul will now focus on specific partnerships, educational trusts, and other companies as agreed upon in the settlement.