Popular Vehicles and Services Ltd
Key Personnel Change
Mr. John Kuttukaran Paul (DIN: 00016513), Whole-Time Director of the Company, has tendered his resignation from the Directorship of the Company vide his resignation letter dated 08th October, 2026. The resignation is effective immediately from 08th October, 2026.
Reason for Resignation
The resignation is pursuant to a Family Settlement among the promoter family, which was duly intimated to the Stock Exchanges on 5th October, 2026. The family executed a Memorandum Recording Family Arrangement on October 01, 2026. Under this agreement, the management and operational control of the Company and its subsidiaries shall continue to vest in the continuing promoters, Mr. Francis K. Paul and Mr. Naveen Philip. As the outgoing promoter, Mr. John Kuttukaran Paul will step down and relinquish his board positions to take over and focus on specific partnerships, educational trusts, and other specified companies forming part of the family business.
Additional Documentation
The letter of resignation along with the detailed reasons for the resignation is enclosed as required under clause 7C of Para A of Part A of Schedule III of the SEBI Listing Regulations. The annexure provides the required details:
- Reason for change: Resignation
- Date of cessation: 08th October, 2026
- Effective date: 08th October, 2026
Confirmation from Resigning Director
Mr. John K. Paul confirmed that his resignation is solely pursuant to the execution of the family settlement agreement and there are no other reasons for his departure from the Board.
Signatory and Submission
The intimation is signed by Varun T.V., Company Secretary & Compliance Officer (Membership No: A22044) and submitted to BSE Limited and National Stock Exchange of India Limited.