Popular vehicles & services Limited has informed stock exchanges about the extension of corporate guarantees worth ₹43.60 crores to its wholly owned subsidiaries for credit facility renewals. The announcement was made through a regulatory filing dated March 11, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Guarantee Details

The company is extending guarantees to two of its wholly owned subsidiaries for banking credit facilities:

Transaction Structure and Compliance

The corporate guarantees are being provided to facilitate the renewal and enhancement of credit facilities for the subsidiaries' business operations. Both Popular Mega Motors (India) Private Limited and Popular Auto Dealers Private Limited are wholly owned subsidiaries of the company.

Key Transaction Parameters

Impact Assessment

According to the company's disclosure, the guarantees are provided on behalf of subsidiaries that are part of the consolidated group. The management has indicated that there is no material impact of these guarantees on the company at this point, other than the required disclosure in the financial statements.

The guarantees represent the company's continued support for its subsidiaries' working capital and business expansion requirements. The facilities will enable both subsidiaries to maintain their operational liquidity and pursue growth opportunities in their respective market segments.

Regulatory Compliance

The disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which requires detailed reporting of corporate guarantees. The company has provided comprehensive details including the nature of guarantees, amounts involved, and potential impact on the listed entity.

The filing was signed by Varun T.V., Company Secretary and Compliance Officer, confirming the company's adherence to regulatory disclosure requirements for material corporate actions involving subsidiary financing arrangements.

Popular vehicles & services Limited has announced its participation in an upcoming investor conference, providing stakeholders with an opportunity to engage with company officials in a structured forum.

Conference Details

The company will participate in Arihant Capital's Bharat Connect Conference: Rising Stars, scheduled as a virtual event. The conference details are outlined below:

Regulatory Compliance

The announcement was made through a formal communication dated March 2, 2026, addressed to both BSE Limited and National Stock Exchange of India Limited. The disclosure was made pursuant to the relevant provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, specifically under Regulation 30(6).

The company has emphasized that all discussions during the conference will be based exclusively on publicly available information. Popular Vehicles and Services Limited has explicitly stated that no unpublished price sensitive information (UPSI) is intended to be discussed during the investor interactions.

Important Considerations

The company has noted that changes to the schedule may occur due to exigencies on the part of investors, analysts, or the company itself. This flexibility clause ensures that all parties can accommodate any unforeseen circumstances that might affect participation.

The communication was signed by Varun T.V., Company Secretary & Compliance Officer, with membership number A22044, and was digitally executed from Kochi on March 2, 2026, at 17:15:13 +05'30'.

Corporate Information

Popular Vehicles and Services Limited operates under CIN L50102KL1983PLC003741 and maintains GST registrations across multiple states including Kerala, Tamil Nadu, Karnataka, and Telangana. The company is listed on both major Indian stock exchanges with appropriate regulatory compliance measures in place.