Popular Vehicles and Services Ltd

Popular Vehicles and Services Ltd has announced its 42nd Annual General Meeting (AGM) to be held on Friday, August 28, 2026, at 04:00 p.m. IST via Video Conferencing/Other Audio-Visual Means. The company has also circulated the Annual Report for the financial year ended March 31, 2026, along with the AGM notice to its shareholders. Both documents will be available on the company's website (www.popularvehicles.in), stock exchange websites (BSE and NSE), and MUFG Intime India's website. The report highlights the company's operations as an integrated mobility ecosystem with approximately 500 touchpoints across 7 states, serving over 208 showrooms and sales outlets, and employing 11,096 individuals.

Popular Vehicles and Services Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-2026. This report, a part of the Annual Report, is filed pursuant to Regulation 34(2)(f) of SEBI (LODR) Regulations, 2015. The company operates on a standalone basis for reporting. Key business activities include retail trading, wholesale and retail sale of new and used motor vehicles, maintenance and repair, and sale of parts, accounting for 100% of turnover. The company serves markets nationally across 4 states and has 247 offices/plants. Employee data shows a total of 2082 employees and 5118 workers, with a significant male majority in both categories. Differently-abled representation is minimal, with 2 differently-abled workers.

Popular Vehicles and Services Ltd has announced its 42nd Annual General Meeting (AGM) will be held on Friday, August 28, 2026, at 4:00 PM IST. The meeting will be conducted through Video Conferencing/Other Audio-Visual Means. The company has also attached its Annual Report for the financial year ended March 31, 2026, along with the notice for the AGM. Both documents will be available on the company's website, stock exchange websites (BSE and NSE), and MUFG Intime India's website.

Popular Vehicles and Services Ltd has announced that its 42nd Annual General Meeting (AGM) will be held on August 28, 2026, at 4:00 PM IST. The meeting will be conducted entirely through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The notice of the AGM, which forms part of the Annual Report for the financial year 2025-26, includes ordinary business such as adopting financial statements, appointing a director retiring by rotation, and re-appointing statutory auditors MSKA & Associates LLP for a five-year term. Special business includes the appointment of Mr. Paul Francis Kuttukaran as a Non-Executive Non-Independent Director.

Popular Vehicles and Services Ltd reported a significant business update for Q1 FY27, showcasing strong year-on-year growth. Total Revenue from Operations surged by 53% YoY, driven by a 91% increase in New Vehicle Volume Sales. The company highlighted broad-based growth across segments, including Passenger Vehicles (PV) excluding luxury (up 72% YoY) and Luxury PV (up 42% YoY). Commercial Vehicles (CV) saw a 37% YoY increase, and EV, Spare parts distribution grew by 39% YoY. This performance is attributed to improved customer sentiment, GST reforms, and disciplined inventory management, with inventory days reducing to ~33 from ~50 YoY. Debt levels increased due to acquisitions and network expansion. The company also launched its e-commerce platform Yanik and expanded its network with new service centers and sales outlets.

Popular Vehicles and Services Ltd has announced that its trading window for dealing in the company's securities will be closed from Wednesday, July 1, 2026. This closure will remain in effect until 48 hours after the declaration of the company's unaudited financial results. The specific date of the Board Meeting to consider these results will be communicated in due course. Investors and stakeholders are advised to note this period of restricted trading.

Popular Vehicles and Services Ltd has announced a change in its website domain from www.popularmaruti.com to www.popularvehicles.in, effective immediately. This change is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has ensured that all necessary disclosures and information are maintained on the new website. A notice has been placed on the old website to inform visitors about the migration and provide a link to the new site, which will remain active for a reasonable period to ensure a smooth transition for shareholders and stakeholders.

Popular Vehicles and Services Ltd has re-composed its four committees: Audit Committee, Corporate Social Responsibility Committee, Risk Management Committee, and Finance and Authorisation Committee, effective May 26, 2026. The re-composition is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Popular Vehicles and Services Ltd's board approved senior management changes on May 26, 2026. Ms. Jarly Manjesh, the current Chief Risk Officer, will transition to Head – Group Finance Transformation. Mr. Gopikrishnan J, Head of Operations – Tamil Nadu, is appointed as the new Chief Risk Officer, effective May 26, 2026. The changes are due to internal reorganization, as per Regulation 30 of SEBI LODR.

Popular Vehicles & Services Ltd reported its Q4FY26 results, with total income at ₹1,758.8 cr, up ~28% YoY. New vehicle volume stood at 14,885 units, up ~44% YoY. EBITDA stood at ₹57.5 cr with margins at 3.3%. The company saw growth in CV and EV segments, driven by improving demand and expanded operations. The company's long-term credit rating has been extended by Care Ratings Limited to CRISIL A/Stable, valid until March 31, 2027, with an increased loan facility of ₹643 Crore.