Popular Vehicles & Services Limited has confirmed the publication of its 42nd Annual General Meeting (AGM) notice in national and regional newspapers, ensuring shareholders are informed of the upcoming governance proceedings. The company notified BSE Limited and National Stock Exchange of India Limited on August 7, 2026, that advertisements were published in “Financial Express” (English) and “Deepika” (Malayalam) on August 6, 2026, in compliance with Rule 20 of the Companies (Management and Administration) Rules, 2014.

The AGM is scheduled for Friday, August 28, 2026, at 4:00 PM IST, to be conducted exclusively through Video Conferencing or Other Audio-Visual Means (OAVM). This mode of conduct is permitted under General Circular No. 03/2025 dated September 22, 2025, issued by the Ministry of Corporate Affairs (MCA), along with other relevant circulars. The notice and annual report for FY25-26 have been dispatched to shareholders on record as of July 31, 2026, which serves as the cut-off date for eligibility to receive physical or electronic copies of the documents.

Key Agenda Items

The primary special business item involves the appointment of Paul Francis Kuttukaran as a Non-Executive Non-Independent Director. This appointment follows the resignation of promoter Francis Kuttukaran Paul, effective March 31, 2026. The Board seeks to maintain representation from all three promoter families. Mr. Kuttukaran’s induction was recommended by the Nomination and Remuneration Committee and approved by the Board on May 26, 2026. He will be liable to retire by rotation and entitled to sitting fees of ₹75,000 per meeting.

John K. Paul, the Whole-Time Director responsible for Maruti Suzuki dealership operations, offers himself for re-appointment. He holds 1,45,19,362 shares in the company as of March 31, 2026. M/s. MSKA & Associates LLP has been recommended for appointment as Statutory Auditors for a term of five years, until the conclusion of the 47th AGM in FY31-32.

Voting and Participation Details

Shareholders holding shares as of the cut-off date, August 21, 2026, are eligible to vote. Remote e-voting facilities provided by MUFG Intime India Private Limited will be active from Tuesday, August 25, 2026, at 9:00 AM IST, until Thursday, August 27, 2026, at 5:00 PM IST. Physical attendance and proxy appointments are dispensed with for this virtual meeting, though institutional shareholders may authorize representatives to participate via video conference. Mr. M.C Sajjman, Company Secretary in Practice, Ernakulam, has been appointed as the scrutinizer for conducting the e-voting process.

popular vehicles & services has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 to the Bombay Stock Exchange and the National Stock Exchange of India Limited. Filed on August 04, 2026, pursuant to Regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the report details the company’s environmental, social, and governance (ESG) performance. The disclosures are made on a standalone basis and cover operations across 247 locations in India, with no international presence.

The filing reveals a total turnover of ₹28,68,35,24,430 and a net worth of ₹4,05,20,95,598 for FY26. These figures trigger the applicability of Corporate Social Responsibility (CSR) under Section 135 of the Companies Act, 2013. The company’s paid-up capital stands at ₹142,396,396. Varun T.V., Company Secretary & Compliance Officer, signed the submission from Kochi.

Operational and Employee Metrics

The company operates primarily through retail trading, which accounts for 100% of its turnover. Key business activities include the wholesale and retail sale of new vehicles (67%), used motor vehicles (11%), vehicle parts and accessories (10%), and maintenance and repair services (8%).

Employee data indicates a workforce of 2,082 employees and 5,118 workers at the end of FY26. Women constitute 11.91% of employees and 28.10% of workers. The turnover rate for permanent employees was 29.53%, while permanent workers saw a turnover rate of 34.06%.

Material Risks and Opportunities

The report identifies several material issues impacting the business. Emission regulations are cited as a risk due to increasing regulatory pressure, though the shift toward electric vehicles (EVs) presents an opportunity for market expansion. Other identified risks include supply chain dependence on Original Equipment Manufacturers (OEMs), data privacy concerns, and climate change impacts on operations.

Financial implications vary by issue; for instance, emission compliance involves increased costs for technology upgrades, while renewable energy adoption offers long-term energy cost savings. The company notes that it does not hold independent product certifications, as quality controls are managed by OEMs at their certified plants.

Compliance and Grievances

The company reported no complaints from communities, investors, or value chain partners regarding responsible business conduct principles. However, it recorded 15 shareholder complaints, all of which were resolved. Employee grievances totaled 62,318, with 91% resolved within the turnaround time of 48 hours. One case involving financial misappropriation remains under progress.

Regarding environmental compliance, the entity disclosed several penalties during the year. These included fines for violations related to effluent treatment plant operations, legal metrology seals, waste disposal, and electricity tariff misuse. Corrective actions such as restoring ETP operations, engaging authorized waste vendors, and regularizing connected loads have been implemented. The company also reported one instance of a data breach affecting its websites, which was contained by taking sites offline and migrating to secure servers.