Popular Vehicles & Services VP P. Jayaprakash Resigns by April 2026
Popular Vehicles & Services has announced the resignation of Mr. P. Jayaprakash from his position as Vice President of Service, effective April 30, 2026. The executive submitted his resignation notice on February 5, 2026, citing personal reasons, and the company has formally communicated this development to BSE and NSE as per regulatory requirements under SEBI Listing Regulations.
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Popular Vehicles & Services has announced a key leadership change in its service department, with Vice President of Service Mr. P. Jayaprakash set to resign from his position by April 30, 2026. The company has formally communicated this development to stock exchanges through a regulatory filing dated February 6, 2026.
Executive Departure Details
Mr. P. Jayaprakash submitted his resignation notice on February 5, 2026, citing personal reasons for his decision to step down from the Vice President of Service position. The resignation will take effect from April 30, 2026, providing the organization with nearly three months for succession planning and transition arrangements.
| Parameter: | Details |
|---|---|
| Executive Name: | Mr. P. Jayaprakash |
| Position: | Vice President of Service |
| Resignation Date: | February 5, 2026 |
| Effective Date: | April 30, 2026 |
| Reason: | Personal reasons |
Regulatory Compliance
The company has fulfilled its regulatory obligations by informing both BSE Limited and National Stock Exchange of India Limited about this senior management personnel change. The intimation was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, which mandates disclosure of material events and information.
Impact on Service Operations
In his resignation letter, Mr. Jayaprakash expressed gratitude for his tenure with Popular Vehicles & Services, describing it as "an incredible journey" and acknowledging the opportunities for growth and collaboration. He emphasized his commitment to ensuring a smooth transition during the notice period and expressed willingness to assist in any way necessary.
The Vice President of Service role is critical within Popular Vehicles & Services' organizational structure, overseeing service department operations and customer service initiatives across the company's network. The advance notice period allows the company sufficient time to identify a suitable replacement and ensure continuity in service operations.
Historical Stock Returns for Popular Vehicles & Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.63% | -6.92% | -16.27% | -21.25% | -23.14% | -67.22% |
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