Popular Vehicles and Services Ltd
Key Event Details
M/s R.G.N. Price & Co. Chartered Accountants (Firm Registration No. 002785S) resigned as Statutory Auditors of Popular Mega Motors (India) Private Limited (PMMIL), a wholly owned material subsidiary of Popular Vehicles and Services Limited. The resignation was tendered via letter dated 03rd November, 2026 and received by the company on 04th November, 2026.
Reason for Resignation
The resignation was made consequent to the rotation of statutory auditors of Popular Vehicles and Services Limited (the holding company). The management of the holding company proposes to align the statutory audit of PMMIL, being a material subsidiary company of the group, with that of the holding company.
Management Concerns and Committee Action
The resigning auditors have not raised any concern with respect to the management of the company. Accordingly, no deliberation by the Audit Committee is required, and disclosure of the Audit Committee's comments is not applicable.
Additional Information
The announcement is also available on the company website at www.popularvehicles.in.