Popular Vehicles and Services Limited has announced the extension of a corporate guarantee worth ₹5.00 crores to its step-down subsidiary Imperion Cars Private Limited. The guarantee has been provided in favor of Axis Bank Limited for an inventory funding-trade advance facility sanctioned to the subsidiary.

Corporate Guarantee Details

The company filed the intimation on January 5, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The guarantee covers the complete inventory funding facility amount sanctioned by Axis Bank Limited.

Transaction Structure and Compliance

The company has confirmed that the transaction is conducted on an arm's length basis. No promoters, promoter group members, or directors of the company have any interest in this transaction. Imperion Cars Private Limited operates as a step-down subsidiary of Popular Vehicles and Services Limited, making it part of the consolidated group structure.

Financial Impact Assessment

According to the company's disclosure, the corporate guarantee is not expected to have any immediate impact on Popular Vehicles and Services Limited beyond the disclosure requirements in financial statements. The guarantee supports the subsidiary's working capital requirements through the inventory funding facility.

Regulatory Compliance

The intimation was filed in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which mandates specific disclosures for corporate guarantees. The company secretary Varun T.V. signed the disclosure document, ensuring proper regulatory compliance for the corporate guarantee arrangement.

Popular Vehicles & Services has announced that its subsidiary Imperion Cars Private Limited has executed an Asset Purchase Agreement with Olympus Motors Private Limited for acquiring Audi dealerships worth ₹9.75 crore. The agreement was signed on December 31st, marking the completion of the previously announced acquisition deal.

Deal Structure and Execution Details

The acquisition has been structured through Imperion Cars Private Limited, a 100% subsidiary of Popular Mega Motors (India) Private Limited, which is itself a wholly-owned material subsidiary of Popular Vehicles & Services. The deal involves purchasing assets used in Audi dealership operations on a going concern and asset-by-asset basis.

Target Business Profile

Olympus Motors Private Limited, incorporated in 2007, operates as an authorized dealer of Audi India across Telangana and Andhra Pradesh through a network of 5 operational locations. The company represents a division of SKODA AUTO Volkswagen India Private Limited in these markets.

Strategic Impact and Market Expansion

This acquisition represents Popular Vehicles & Services' strategic expansion into the luxury automotive segment and marks the group's entry into Andhra Pradesh. The deal is expected to strengthen the company's presence in premium vehicle retail operations across South Indian markets.

The transaction is structured as a non-related party deal, with no promoter or promoter group interest in the acquired entity. The acquisition is subject to immediate completion upon satisfaction of agreement terms and conditions, requiring no additional governmental or regulatory approvals.