Popular Vehicles & Services Ltd has published a mandatory newspaper notice seeking Central Government approval for the reappointment of Mr. John Kuttukaran Paul as Whole Time Director, in compliance with regulatory requirements under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Publication Details

The company submitted the newspaper advertisement copies to BSE Limited and National Stock Exchange of India Limited on April 22, 2026, pursuant to Regulation 47 of SEBI Listing Regulations. The notice was published in two newspapers to ensure broad accessibility:

Director Reappointment Proposal

The reappointment seeks Central Government approval under Section 196 of the Companies Act, 2013, read with Rule 7 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. The proposal was already approved by shareholders through a special resolution via postal ballot conducted on March 28, 2026.

Stakeholder Information Process

As part of the regulatory process, the company has provided a mechanism for stakeholder feedback. Members whose interests may be affected by the proposed reappointment can submit objections through specified channels. The notice indicates that objections must be supported by an affidavit stating the nature of interest and grounds of opposition.

Objections can be submitted through:

• MCA portal ( www.mca.gov.in ) by filing investor complaint form
• Registered post to the Registrar of Companies, Kerala
• Copy to the applicant company

The deadline for submitting objections is within 10 days of the publication date.

Company Information and Accessibility

Popular Vehicles and Services Ltd, incorporated in 1983, operates from its registered office at Kuttukaran Centre, Mamangalam, Kochi. The company maintains operations across multiple states including Kerala, Tamil Nadu, Karnataka, and Telangana, with separate GSTIN registrations for each jurisdiction.

The intimation has been made available on the company's website at www.popularmaruti.com , ensuring transparency and accessibility for all stakeholders. The document was digitally signed by Company Secretary & Compliance Officer Varun T.V. (Membership No: A22044) on April 22, 2026.

Popular Vehicles & Services has delivered exceptional financial results for Q4FY26 and FY26, demonstrating robust growth across multiple business segments. The company's comprehensive business update reveals significant operational achievements despite facing certain market challenges during the reporting period.

Financial Performance Overview

The company achieved remarkable growth metrics across key performance indicators for Q4FY26 and FY26. The strong performance reflects effective market positioning and operational execution.

Segment-wise Business Performance

The company experienced strong volume performance across all categories in FY26 compared to FY25. However, Q4FY26 witnessed mixed results with growth across most segments except the luxury category. The luxury segment degrowth resulted from a cyber-attack impact at the OEM level, while growth was supported by GST reforms announced in September 2025 and improved market sentiment.

The PV segment excluding luxury faced supply constraints from a key OEM in Kerala during Q4FY26. The service segment recorded a mid-single digit decline in both Q4 and FY26 on a year-over-year basis, though this was partially offset by higher average selling prices.

Operational Improvements and Challenges

New vehicle inventory days improved significantly to approximately 29 days from 41 days in the previous year, supported by enhanced sales momentum, particularly in the entry-level car segment. This improvement brings inventory levels close to industry averages.

Expansion and acquisition activities have resulted in higher debt levels compared to the previous period. Additionally, IndAS adjustments related to acquisitions during the last two quarters have impacted profitability.

Network Expansion and Recognition

The company initiated operations at several new touchpoints, including one MSIL service center at Karunagappalli, Kerala, and multiple Ather touchpoints across Bangalore, Kerala, and Maharashtra. The company also secured distributorship for Balkrishna Industries Limited covering BKT's 2-wheeler and PCR segments in Kerala and Karnataka.

Popular Mega Motors (India) Pvt Ltd, the company's wholly owned subsidiary, received multiple awards at the Tata Motors South Zonal Meeting for Q4FY26 performance, including Channel Partner Score Winner, Best in Customer Support Winner, Customer Success Centre Winner, and SMILE Driver Sales Winner.