Popular Vehicles and Services Limited has notified BSE and NSE about the renewal of corporate guarantees worth ₹27.50 crores for its subsidiaries' credit facilities. The disclosure, made on March 25, 2026, complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Guarantee Details

The company has renewed guarantees for two subsidiary companies covering various credit facilities:

Subsidiary Guarantee Arrangements

For Prabal Motors Private Limited, the company continues extending corporate guarantees aggregating to ₹22.50 crores. This includes a trade advance facility of ₹2.00 crores from Sundaram Finance Limited and credit facilities totaling ₹22.50 crores from IndusInd Bank Limited. The IndusInd Bank facilities comprise channel financing under the CF Program with Daimler India Commercial Vehicle Private Limited worth ₹15.00 crores and an adhoc facility of ₹7.50 crores.

Wholly Owned Subsidiary Support

Popular Mega Motors (India) Private Limited, the company's wholly owned subsidiary, receives continued guarantee support of ₹5.00 crores for its trade advance facility with Sundaram Finance Limited.

Regulatory Compliance and Impact

The company has confirmed that the transactions are conducted on an arm's length basis with no promoter or promoter group interest. According to the disclosure:

• Prabal Motors Private Limited is a subsidiary of the company
• Popular Mega Motors (India) Private Limited is a wholly owned subsidiary
• No promoters, promoter group members, or directors have any interest in these transactions
• The guarantees are part of the consolidated group operations

The company stated that currently there is no impact from these guarantees other than the required disclosure in financial statements. The renewal ensures continued credit facility access for both subsidiaries to support their operational requirements.

Popular vehicles & services Limited has informed stock exchanges about the extension of corporate guarantees worth ₹43.60 crores to its wholly owned subsidiaries for credit facility renewals. The announcement was made through a regulatory filing dated March 11, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Guarantee Details

The company is extending guarantees to two of its wholly owned subsidiaries for banking credit facilities:

Transaction Structure and Compliance

The corporate guarantees are being provided to facilitate the renewal and enhancement of credit facilities for the subsidiaries' business operations. Both Popular Mega Motors (India) Private Limited and Popular Auto Dealers Private Limited are wholly owned subsidiaries of the company.

Key Transaction Parameters

Impact Assessment

According to the company's disclosure, the guarantees are provided on behalf of subsidiaries that are part of the consolidated group. The management has indicated that there is no material impact of these guarantees on the company at this point, other than the required disclosure in the financial statements.

The guarantees represent the company's continued support for its subsidiaries' working capital and business expansion requirements. The facilities will enable both subsidiaries to maintain their operational liquidity and pursue growth opportunities in their respective market segments.

Regulatory Compliance

The disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which requires detailed reporting of corporate guarantees. The company has provided comprehensive details including the nature of guarantees, amounts involved, and potential impact on the listed entity.

The filing was signed by Varun T.V., Company Secretary and Compliance Officer, confirming the company's adherence to regulatory disclosure requirements for material corporate actions involving subsidiary financing arrangements.