Popular Vehicles & Services Announces Director Re-appointment Under Regulation 30
Popular Vehicles & Services Limited has successfully completed the re-appointment of Mr. John Kuttukaran Paul as Whole-Time Director through postal ballot, receiving exceptional shareholder support with 99.99% votes in favor. The appointment is effective from April 1, 2026, to March 31, 2028, demonstrating strong confidence in the leadership across all shareholder categories including promoters and institutional investors.
*this image is generated using AI for illustrative purposes only.
Popular Vehicles & Services Limited has officially announced the re-appointment of Mr. John Kuttukaran Paul as Whole-Time Director following overwhelming shareholder approval through postal ballot. The company informed stock exchanges on March 30, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Regulatory Compliance and Appointment Details
Popular Vehicles & Services has confirmed that shareholders approved the special resolution to re-appoint Mr. John Kuttukaran Paul (DIN: 00016153) as Whole-Time Director with effect from April 1, 2026, till March 31, 2028, for a period of 2 years. The company affirmed that he is not disqualified from holding the office of Director pursuant to section 164 of the Companies Act, 2013.
| Appointment Details: | Information |
|---|---|
| Director Name: | Mr. John Kuttukaran Paul |
| DIN: | 00016153 |
| Appointment Period: | April 1, 2026 to March 31, 2028 |
| Term Duration: | 2 years |
| Resolution Type: | Special Resolution |
Overwhelming Shareholder Support
The postal ballot witnessed exceptional shareholder participation and support for the proposed resolution. The voting results demonstrate strong confidence in the leadership appointment:
| Voting Outcome: | Details |
|---|---|
| Total Votes Polled: | 57675264 |
| Percentage of Outstanding Shares: | 81.01% |
| Votes in Favor: | 57669995 (99.99%) |
| Votes Against: | 5269 (0.01%) |
| Members Voting in Favor: | 141 |
| Members Voting Against: | 28 |
Category-wise Voting Analysis
The voting pattern across different shareholder categories revealed unanimous support from promoters and institutional investors:
Promoter and Promoter Group
- Total Shares Held: 43558086
- Votes Polled: 43558086 (100.00%)
- Votes in Favor: 43558086 (100.00%)
- Votes Against: 0 (0.00%)
Public Institutions
- Total Shares Held: 7436810
- Votes Polled: 6945541 (93.39%)
- Votes in Favor: 6945541 (100.00%)
- Votes Against: 0 (0.00%)
Public Non-Institutions
- Total Shares Held: 20203302
- Votes Polled: 7171637 (35.50%)
- Votes in Favor: 7166368 (99.93%)
- Votes Against: 5269 (0.07%)
Director Profile and Qualifications
Mr. John K. Paul brings extensive experience to his role as Whole-time Director. He holds a bachelor's degree in mechanical engineering from the University of Calicut and is responsible for the Maruti Suzuki dealership operations of the group. With more than 4 decades of experience in the automobile industry, he was the past president of Federation of Automobile Dealers of India and is currently the president of Kerala Automobiles Dealership Association. He is also a trustee of the Lawrence School Lovedale Alumni Foundation.
Voting Process and Compliance
The postal ballot was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The remote e-voting facility was provided by MUFG Intime India Private Limited, with the voting period ending on March 28, 2026, at 5:00 p.m. (IST). Mr. Myladdoor Cherian Sajumon, Practising Company Secretary (MN: A9868), served as the Scrutinizer and submitted the final report on March 30, 2026. The record date for determining eligible shareholders was set as February 20, 2026, with a total of 59065 shareholders on record.
Historical Stock Returns for Popular Vehicles & Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.03% | -3.01% | -1.69% | -36.66% | -7.68% | -66.55% |
What strategic initiatives might Mr. Paul prioritize during his new two-year term to expand Popular Vehicles' market share in the competitive automobile dealership sector?
How could Mr. Paul's leadership roles in automobile dealer associations influence Popular Vehicles' positioning in upcoming industry policy discussions or regulatory changes?
Will Popular Vehicles consider expanding its dealership network beyond Maruti Suzuki or diversifying into electric vehicle partnerships under Mr. Paul's continued leadership?
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