Popular Vehicles & Services Limited has informed stock exchanges about continuing its corporate guarantee of Rs 20,00,00,000 to its wholly owned subsidiary Popular Autoworks Private Limited. The guarantee, extended in favor of Axis Bank Limited, supports the renewal and enhancement of an inventory funding facility under the Jaguar Land Rover DF Scheme.

Corporate Guarantee Details

The company filed the intimation on April 6, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The guarantee arrangement involves Popular Autoworks Private Limited, which operates as a wholly owned subsidiary of the parent company.

Regulatory Compliance and Disclosure

The disclosure follows SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which mandates specific details for corporate guarantees. The company has confirmed that the transaction is conducted on an arm's length basis, with no direct interest from promoters, promoter group members, or directors of the company.

Impact Assessment

According to the company's assessment, the guarantee provision does not create any immediate impact on the listed entity beyond the disclosure requirements in financial statements. The guarantee supports the subsidiary's operations as part of the consolidated group structure.

Company Operations

Popular Vehicles and Services Limited operates across multiple states including Kerala, Tamil Nadu, Karnataka, and Telangana, with separate GSTIN registrations for each region. The company is headquartered at Kuttukaran Centre, Mamangalam, Kochi, and maintains its corporate website at www.popularmaruti.com .

Popular Vehicles & Services Limited has scheduled analyst and institutional investor meetings for April 10, 2026, as part of its regular investor engagement activities. The company has formally notified both BSE and NSE about these meetings in compliance with regulatory requirements.

Meeting Details

The investor meetings are scheduled to take place in Pune and will follow a structured format to accommodate different types of interactions.

Regulatory Compliance

The company has issued this notification pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015. This regulatory framework mandates listed companies to inform stock exchanges about scheduled meetings with analysts and institutional investors.

The notification, dated April 2, 2026, was signed by Varun T.V., Company Secretary & Compliance Officer (Membership No: A22044), from the company's Kochi office. The document carries reference number PVSL/SEC/02/2026-27.

Discussion Framework

Popular Vehicles and Services Limited has clearly outlined the scope of discussions for these meetings:

• All discussions will be based strictly on publicly available information
• No unpublished price sensitive information (UPSI) will be shared during the interactions
• The company reserves the right to make changes due to exigencies on the part of participants or the company

Company Information

The company operates from its registered office at Kuttukaran Centre, Mamangalam, Kochi 682025, and maintains operations across multiple states including Kerala, Tamil Nadu, Karnataka, and Telangana. Popular Vehicles and Services Limited trades on both BSE (Scrip Code: 544144) and NSE (Symbol: PVSL) with ISIN INE772T01024.

These investor meetings represent part of the company's ongoing commitment to maintain transparent communication with the investment community while adhering to all regulatory disclosure requirements.