Popular Vehicles and Services Limited Schedules Investor Conference for March 9, 2026

1 min read     Updated on 02 Mar 2026, 06:00 PM
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Overview

Popular Vehicles and Services Limited has scheduled participation in Arihant Capital's Bharat Connect Conference: Rising Stars on March 9, 2026, as a virtual group meeting starting 2:00 PM onwards. The announcement was made through regulatory filing dated March 2, 2026, pursuant to SEBI regulations. The company confirmed that discussions will be based on publicly available information only, with no unpublished price sensitive information to be shared during investor interactions.

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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:

Parameter: Details
Date: March 9, 2026
Time: 2:00 PM onwards
Format: Virtual Group Meeting
Conference Name: Arihant Capital - Bharat Connect Conference: Rising Stars
Nature: Group Meeting

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 Popular Vehicles and Services Limited has explicitly stated that no unpublished price sensitive information (UPSI) is intended to be discussed during the investor interactions.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.

Historical Stock Returns for Popular Vehicles & Services

1 Day5 Days1 Month6 Months1 Year5 Years
-1.38%+2.86%-15.59%-17.78%-18.86%-66.45%
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Popular Vehicles & Services Limited Extends ₹15 Crore Corporate Guarantee for Subsidiary's Inventory Funding

1 min read     Updated on 02 Mar 2026, 05:38 PM
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Reviewed by
Ashish TScanX News Team
Overview

Popular Vehicles & Services Limited has extended a ₹15,00,00,000 corporate guarantee to wholly owned subsidiary Popular Mega Motors (India) Private Limited for Axis Bank inventory funding facilities. The guarantee covers renewal of TATA CV (KL) facility worth ₹7,00,00,000 and renewal-cum-enhancement of TATA CV (TN) facility from ₹3,00,00,000 to ₹8,00,00,000. The company confirmed this arm's length transaction has no promoter interest and will primarily impact financial statement disclosures.

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*this image is generated using AI for illustrative purposes only.

Popular Vehicles & Services Limited has notified stock exchanges about extending a corporate guarantee worth ₹15,00,00,000 to its wholly owned subsidiary for inventory funding facilities with Axis Bank Limited. The intimation was made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Corporate Guarantee Details

The company is continuing to extend corporate guarantee in favour of Axis Bank Limited for two specific facilities granted to Popular Mega Motors (India) Private Limited:

Facility Type: Amount Status
TATA CV (KL) Inventory Funding: ₹7,00,00,000 Renewal
TATA CV (TN) Inventory Funding: ₹8,00,00,000 Renewal-cum-Enhancement
Total Guarantee Amount: ₹15,00,00,000 Aggregate

The TATA CV (TN) facility has been enhanced from its previous limit of ₹3,00,00,000 to ₹8,00,00,000, representing a significant increase in the funding capacity.

Transaction Structure and Compliance

The guarantee arrangement involves the company's wholly owned subsidiary Popular Mega Motors (India) Private Limited. Key aspects of the transaction include:

  • Arm's Length Basis: The transaction is conducted on arm's length terms
  • No Promoter Interest: None of the promoters, promoter group members, or directors have any interest in this transaction
  • Regulatory Compliance: Full disclosure made as per SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023

Financial Impact Assessment

The company has assessed that the corporate guarantee will have limited immediate impact on its operations. The guarantee is provided on behalf of its subsidiary, which forms part of the consolidated group. At present, the primary impact will be disclosure requirements in the financial statements, with no other material effects anticipated on the listed entity.

Regulatory Framework

The intimation was filed pursuant to Regulation 30 and other applicable regulations of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has provided comprehensive details as required under the regulatory framework, ensuring full transparency with stakeholders and stock exchanges regarding this corporate guarantee arrangement.

Historical Stock Returns for Popular Vehicles & Services

1 Day5 Days1 Month6 Months1 Year5 Years
-1.38%+2.86%-15.59%-17.78%-18.86%-66.45%
Popular Vehicles & Services
View Company Insights
View All News
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1 Year Returns:-18.86%