This is a regulatory disclosure filed with BSE and NSE pursuant to Regulation 30 read with Regulation 24(1) of the SEBI Listing Regulations.
The Board of Directors of Popular Vehicles and Services Limited, at its meeting held on November 11, 2026, approved the appointment of its Independent Directors to the boards of its subsidiary companies. The appointments will become effective on the date they are formally appointed by the respective subsidiary companies.
Details of Appointments
The appointments are detailed as follows:
- Ms. Preeti Reddy (DIN: 07248280) is appointed to the board of Popular Mega Motors (India) Private Limited, which is identified as a Material Subsidiary.
- Mr. Jacob Kurian (DIN: 00213259) is appointed to the boards of Popular Autoworks Private Limited and Imperion Cars Private Limited.
- Mr. Murali Narayanan Chinnasamy (DIN: 11356917) is appointed to the boards of Popular Auto Dealers Private Limited and Zparex Digisolutions Private Limited.
Rationale and Additional Information
The reason for these changes is two-fold:
1. The appointment to the material subsidiary, Popular Mega Motors (India) Private Limited, is mandatory under Regulation 24(1) of the SEBI Listing Regulations.
2. The appointments to the other four subsidiaries are voluntary, undertaken in the interest of good governance.
The exact date of appointment and the term of office for each director will be determined by the board of directors of the respective subsidiary company.
The disclosure confirms that none of the appointed directors is related to any other director of Popular Vehicles and Services Limited. Brief profiles of the directors are available on the company's website at www.popularvehicles.in.
This announcement is made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The letter was signed by Varun T.V., Company Secretary & Compliance Officer (Membership No: A22044), from Bangalore.