Key Decisions and Appointments

The Shareholders approved via ordinary resolutions passed at the 42nd Annual General Meeting (AGM) of the Company held on Friday, 28th August, 2026:

1. Re-appointment of Mr. John K. Paul (DIN: 00016513) as Director of the Company, who retires by rotation and offered himself for re-appointment.

2. Appointment of Mr. Paul Francis Kuttukaran (DIN: 11727635) as a Non-Executive Non-Independent Director of the Company, liable to retire by rotation, effective from the date of the Annual General Meeting (28th August 2026).

Director Disclosures and Affirmations

The company affirms that both directors are not debarred from holding the office of director by virtue of any order of SEBI or any other authority, pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and exchange circulars.

The company further affirms that they are not disqualified from holding the office of Directors pursuant to the provisions of Section 164 of the Companies Act, 2013.

Detailed Director Profiles

Mr. Paul Francis Kuttukaran (New Appointment)
  • Designation: Non-Executive Non-Independent Director
  • Date of Appointment: Effective from 28th August, 2026
  • Age: 46 years
  • Qualifications: MBA from Rotterdam School of Management, Erasmus University; Mechanical Engineering degree from PSG College of Technology, Coimbatore
  • Expertise: Broad international experience across automotive, high-tech manufacturing and semiconductor ecosystems. Strong track record in market intelligence, product and portfolio strategy, contract negotiation and cross-functional leadership.
  • Remuneration: Appointment as Non-Executive Non-Independent Director, liable to retire by rotation. No specific remuneration terms disclosed.
  • Shareholding: Holds NIL shares in the company as of March 31, 2026. Note: His father, Mr. Francis K Paul (promoter of the Company) holds 1,45,19,362 shares (20.39%).
  • Relationships: Relative of Mr. Naveen Philip, Managing Director (cousin) and Mr. John Kuttukaran Paul, Whole Time Director (nephew).
  • Appointment Reason: To ensure continued representation of all three promoter families on the Board, following the cessation of Mr. Francis Kuttukaran Paul (DIN: 00018825) as a Director effective 31st March, 2026.
Mr. John Kuttukaran Paul (Re-appointment)
  • Designation: Whole-Time Director (re-appointed as Director liable to retire by rotation)
  • Date of First Appointment: 05th July, 1983
  • Age: 73 years
  • Qualifications: Bachelor's degree in mechanical engineering from the University of Calicut
  • Expertise: Over 50 years of experience in the automobile industry. Responsible for the Maruti Suzuki dealership operations of the group. Currently the President of the Kerala Automobiles Dealers Association and member of the Federation of Automobile Dealers Association's Governing Council.
  • Past Remuneration: Gross Salary of ₹10.63 million and other benefits of ₹1.84 million in FY 2025-26 (Total: ₹12.47 million).
  • Shareholding: Holds 1,45,19,362 shares as beneficial owner as of March 31, 2026.
  • Relationships: Relative of Mr. Naveen Philip (Managing Director).
  • Other Directorships: Director at Bluetimbre Music Private Limited, Keracon Equipments Private Limited, Kuttukaran Cars Private Limited, Memorytrain Creatives Private Limited, Popular Auto Dealers Private Limited, Popular Auto Spares Private Limited, Popular Autoworks Private Limited, Prabal Motors Private Limited, Regiis Insurance Broker Private Limited, Foundation For Entrepreneurial Development (Kerala). Designated Partner at Kuttukaran Mobility Services LLP and Kuttukaran Homes LLP.

Additional Information

The announcement is also available on the company website at www.popularvehicles.in.