Popular Vehicles and Services Ltd has announced the resignation of its Chief Executive Officer (CEO), Mr. Raj Narayan. The company informed the stock exchanges that Mr. Narayan tendered his resignation on May 22, 2026, to pursue a new career opportunity in a different industry.

Resignation Details

The resignation of Mr. Raj Narayan is effective from August 21, 2026. He served as the CEO for 44 months, during which he oversaw the company's operations, including its successful initial public offering (IPO). In his communication to the company, he expressed gratitude to the Board for the support extended during his tenure.

Transition Plan

Mr. Narayan has committed to serving the required notice period to ensure a smooth transition of business continuity. He assured the management that he would remain available for assistance even after his departure to support the company's success.

Key Information

The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Popular Vehicles and Services Ltd has intimated the stock exchanges of the resignation of Mr. Jobin Thomas from his position as Head – Human Resources, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed by Company Secretary and Compliance Officer Varun T.V. from Kochi on 6th May 2026.

Senior Management Personnel Change

Mr. Jobin Thomas submitted his formal resignation letter on 5th May 2026, addressed to Mr. Raj Narayan, Chief Executive Officer of the company. The resignation is effective from 31st July 2026. In his resignation letter, Mr. Thomas cited his decision "to pursue another career opportunity aligned with his professional aspirations" as the reason for his departure.

The key details of this senior management change, as disclosed under Regulation 30 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are summarised below:

Tenure and Transition Commitment

In his resignation letter, Mr. Thomas noted that he had served the organisation for approximately 5½ years, contributing to its growth, transformation, and people agenda as part of the leadership team. He expressed gratitude for the trust placed in him and for the opportunity to work with the senior leadership team and colleagues across the organisation.

Mr. Thomas also affirmed his commitment to ensuring a smooth and structured transition, including the effective handover of all critical HR responsibilities and ongoing priorities to ensure continuity before his departure.

Regulatory Disclosure

The intimation was made pursuant to Regulation 30 read with clause 7C of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to both BSE Limited and the National Stock Exchange of India Limited on 6th May 2026.