Popular Vehicles and Services Ltd

Popular Vehicles and Services Ltd has announced the closure of its trading window for securities. The window will be closed from Thursday, October 1, 2026, until 48 hours after the declaration of its un-audited financial results for the relevant period. The company will intimate the date of the Board Meeting where these results will be considered in due course.

Popular Vehicles and Services Ltd announced the continuation of corporate guarantees to its wholly-owned subsidiaries. The company extended a corporate guarantee of ₹30 crore to Popular Mega Motors (India) Private Limited for the renewal of a Credit Facility under the Electronic Dealer Funding Scheme with State Bank of India. Additionally, a corporate guarantee of ₹18.50 crore was extended to Popular Autoworks Private Limited for a similar credit facility renewal with State Bank of India. Both subsidiaries are wholly-owned, and the transactions are conducted at arm's length. While management personnel hold positions in these subsidiaries, the company states there is no immediate impact on the listed entity other than financial statement disclosures.

Popular Vehicles and Services Ltd announced the combined voting results from its 42nd Annual General Meeting (AGM) held on August 28, 2026. All resolutions presented at the AGM, including the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, and the re-appointment of a director, were approved by shareholders with the requisite majority. The company provided remote e-voting and e-voting facilities at the AGM, with Mr. Myladoor Cherian Sajumon appointed as the Scrutinizer. The voting results indicate overwhelming support for all agenda items.

Popular Vehicles and Services Ltd announced the appointment of M/s. MSKA & Associates LLP as its statutory auditors for a term of five consecutive years. This appointment was approved by the shareholders via an ordinary resolution at the 42nd Annual General Meeting (AGM) held on August 28, 2026. The auditors will hold office from the conclusion of the 42nd AGM until the conclusion of the 47th AGM, expected in the financial year 2031-32. The remuneration will be determined by the Audit Committee and Board of Directors. MSKA & Associates LLP is a Chartered Accountant firm registered with ICAI and a member of BDO International, with extensive experience in the automobile sector.

Popular Vehicles and Services Ltd announced at its 42nd Annual General Meeting (AGM) held on August 28, 2026, the appointment of Mr. Paul Francis Kuttukaran as a Non-Executive Non-Independent Director and the re-appointment of Mr. John K. Paul as a Director. Mr. Kuttukaran's appointment aims to ensure continued representation from promoter families, following the cessation of Mr. Francis Kuttukaran Paul. The company affirmed that both directors are not debarred or disqualified from holding office. Mr. Kuttukaran brings extensive international experience in the automotive and manufacturing sectors.

Popular Vehicles and Services Ltd has issued a corrigendum to its 42nd Annual General Meeting (AGM) notice dated May 26, 2026. The corrigendum informs shareholders about the inclusion of additional disclosures in the Explanatory Statement for Item No. 3, related to the proposed appointment of M/s. MSKA & Associates LLP as Statutory Auditors. This is in compliance with SEBI LODR Regulations. The appointment of MSKA & Associates LLP is for a term of 5 consecutive years, commencing from the conclusion of the 42nd AGM until the conclusion of the 47th AGM in FY 2031-32, subject to member approval. The previous auditors, M/s. B S R & Associates LLP, will retire upon completion of their second term at the 42nd AGM.

Popular Vehicles & Services Limited (PVSL) reported unaudited financial results for Q1FY27, ending June 30, 2026. The company saw a significant 81.5% year-on-year (YoY) increase in new vehicle volumes to 17,300 units and a 44.6% YoY rise in total income to ₹1,903.1 Crs. EBITDA stood at ₹71.5 Crs with margins at 3.8%. Growth was driven by strong performance across new vehicle segments, supported by improved demand, acquisitions, and network expansion. Service volumes for PV moderated YoY but grew sequentially, while CV and EV services showed strong YoY growth. The company also highlighted revenue contributions from recent acquisitions and network expansion initiatives.

Popular Vehicles and Services Ltd announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The Board of Directors approved these results, along with the Limited Review Report, on August 11, 2026. The company's website will also host these announcements. The meeting of the Board of Directors commenced at 04:00 PM and concluded at 05:30 PM.

Popular Vehicles and Services Ltd announced that its Board of Directors, in a meeting held on August 11, 2026, approved the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The company also submitted the Limited Review Report for these results. The board meeting commenced at 4:00 PM and concluded at 5:30 PM. The company has made these announcements available on its website.

Popular Vehicles and Services Ltd has announced that its Board of Directors will convene on August 11, 2026. The primary agenda item is to consider and approve the un-audited standalone and consolidated financial results for the first quarter ended June 30, 2026. In line with SEBI regulations, the company has also informed about the closure of the trading window for designated persons from July 1, 2026, until 48 hours after the declaration of the financial results.