Meeting Details

The 42nd Annual General Meeting will be held on Friday, 28th August 2026 at 04:00 PM (IST) exclusively through Video Conferencing (VC)/Other Audio Visual Means (OAVM) without physical attendance. The meeting will be conducted in compliance with MCA General Circular No. 3/2025 dated September 22, 2025, and SEBI LODR Regulations.

Agenda Items

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone Financial Statements for FY 2025-26 ended 31st March, 2026, together with Reports of Board of Directors and Auditors, and the Audited Consolidated Financial Statements with Auditors' Report.

2. To appoint a Director in place of Mr. John K. Paul (DIN: 00016513), who retires by rotation and, being eligible, offers himself for re-appointment.

3. To appoint M/s. MSKA & Associates LLP (formerly MSKA & Associates), Chartered Accountants (ICAI Firm Registration Number: 105047W / W101187) as Statutory Auditors for a term of five consecutive years until the conclusion of the 47th AGM (FY 2031-32). Remuneration to be fixed by the Audit Committee and Board of Directors.

Special Business:

4. To appoint Mr. Paul Francis Kuttukaran (DIN: 11727635) as a Non-Executive Non-Independent Director, liable to retire by rotation, effective from the date of this AGM. He will be entitled to sitting fees of ₹75,000 per meeting of the Board and Committees.

Voting Information

  • Cut-off date for determining shareholders entitled to vote: 21st August 2026
  • Remote e-voting period: Tuesday, 25th August 2026 at 09:00 AM to Thursday, 27th August 2026 at 05:00 PM
  • E-voting service provider: MUFG Intime India Private Limited
  • Scrutinizer: Mr. Myladoor Cherian Sajumon, Practicing Company Secretary (Membership No ACS 9868)
  • Physical proxy attendance is dispensed with for this virtual meeting

Shareholder Services

  • The Notice and Annual Report for FY 2025-26 are available on company website www.popularvehicles.in and stock exchange websites
  • Members can request physical copies by email to cs@popularv.com
  • Members can inspect documents referred to in the notice electronically without fee until 28th August 2026
  • Questions for the AGM must be submitted by email to cs@popularv.com by 21st August 2026

ESOP Disclosure

The notice includes a disclosure regarding the Popular Vehicles Employee Stock Option Scheme 2025 (PVSL ESOP 2025), confirming the company received in-principle approval from stock exchanges on June 9, 2026, and has only one ESOP scheme.

Director Details

Mr. John K. Paul (seeking re-appointment):

  • Age: 73 years, Director since 5th July 1983
  • Qualifications: Bachelor's degree in mechanical engineering from University of Calicut
  • Experience: Over 50 years in automobile industry, responsible for Maruti Suzuki dealership operations
  • Shareholding: 1,45,19,362 shares as on March 31, 2026
  • Other directorships: 7 companies including Bluetimbre Music Private Limited, Keracon Equipments Private Limited

Mr. Paul Francis Kuttukaran (proposed for appointment):

  • Age: 46 years
  • Qualifications: MBA from Rotterdam School of Management, Erasmus University; Mechanical Engineering degree from PSG College of Technology, Coimbatore
  • Experience: Senior commercial and strategy leader with international experience across automotive, high-tech manufacturing and semiconductor ecosystems
  • Shareholding: Nil shares as on March 31, 2026
  • Relationship: Relative of Mr. Naveen Philip (Managing Director) and Mr. John K. Paul (Whole Time Director)

Additional Information

  • Company Secretary & Compliance Officer: Varun T.V. (Membership No: A22044)
  • The AGM proceedings will be webcast on the company website, and transcripts will be made available