Popular Vehicles and Services Limited
All news and filings related to Popular Vehicles and Services Limited.
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Mr. John Kuttukaran Paul Resigns as Director from 5 Popular Vehicles Subsidiaries
Mr. John Kuttukaran Paul resigned as Director from five subsidiaries of Popular Vehicles and Services Limited, including material subsidiary Prabal Motors Private Limited. The resignations are effective October 8, 2026, following a family settlement.
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Popular Vehicles and Services Ltd: Director Resigns from Subsidiaries
Mr. John Kuttukaran Paul has resigned as Director from five subsidiaries of Popular Vehicles and Services Limited, including the material subsidiary Prabal Motors Private Limited. The resignations are effective October 8, 2026, following a family settlement among the promoter family.
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Popular Vehicles: Director Resigns from Multiple Subsidiaries
Mr. John Kuttukaran Paul has resigned as Director from five subsidiaries of Popular Vehicles and Services Limited, including material subsidiary Prabal Motors Private Limited. The resignations are effective October 8, 2026, following a family settlement among promoters.
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Popular Vehicles and Services Ltd: Whole-Time Director Resigns
Mr. John Kuttukaran Paul has resigned as Whole-Time Director of Popular Vehicles and Services Limited, effective October 8, 2026. This resignation follows a family settlement among the promoter family.
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Popular Vehicles and Services Ltd: Whole-Time Director Mr. John Kuttukaran Paul Resigns
Mr. John Kuttukaran Paul has resigned as Whole-Time Director of Popular Vehicles and Services Limited, effective 08th October, 2026. This resignation is part of a family settlement among the promoter family.
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Popular Vehicles and Services Ltd: Whole-Time Director Resigns
Mr. John Kuttukaran Paul has resigned as Whole-Time Director of Popular Vehicles and Services Limited, effective October 8, 2026. The resignation is part of a family settlement among the promoter family.
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Popular Autoworks Pvt. Ltd. Bank Facilities Rated CARE A-; Stable
Popular Autoworks Private Limited, a subsidiary of Popular Vehicles and Services Limited, had its bank facilities rated by Care Edge Ratings. Long-term/short-term facilities of ₹105.70 Crores were reaffirmed at CARE A-; Stable / CARE A2+. New long-term facilities of ₹7.50 Crores and ₹15.50 Crores were assigned and reaffirmed respectively, both at CARE A-; Stable.
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Popular Vehicles Launches E-commerce Marketplace 'Yanik' for Spare Parts
Popular Vehicles and Services Limited has launched its e-commerce marketplace, Yanik, for automotive spare parts. The B2B platform connects suppliers with dealers and garages, offering over 13,000 parts. This digital expansion aims to enhance accessibility and build a scalable aftermarket business.
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Popular Vehicles Subsidiary Launches E-commerce Marketplace 'Yanik' on Oct 5
Zparex Digisolutions Private Limited, a subsidiary of Popular Vehicles and Services Limited, has launched its automotive spare parts e-commerce marketplace, 'Yanik'. The platform commenced full-scale commercial operations effective October 05, 2026.
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Popular Vehicles Promoter Family Settles; John K. Paul Steps Away
Popular Vehicles and Services Limited announced an amicable family settlement where promoter Mr. John K. Paul will step away from the company's businesses effective October 1, 2026. His ~20% stake will transfer to the other two promoters by December 31, 2029. Operations and growth plans remain unaffected.
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Popular Vehicles Promoters Sign Family Settlement Agreement
Popular Vehicles Promoters executed a Family Settlement Agreement on October 1, 2026. Outgoing promoter John K. Paul will transfer his holdings to Francis K. Paul and Naveen Philip by December 31, 2029. Francis K. Paul and Naveen Philip will assume management and control of PVSL. The company is not a party to this agreement.
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Popular Vehicles and Services Ltd: Trading Window Closed for Q2FY27
Popular Vehicles and Services Limited will close its trading window from October 1, 2026. The window will reopen 48 hours after the declaration of Q2 FY27 unaudited financial results, which are expected to be considered by the Board soon.
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Popular Vehicles Extends Corporate Guarantees of ₹48.5 Crore to Subsidiaries
Popular Vehicles and Services Limited has renewed corporate guarantees for its wholly-owned subsidiaries. Guarantees of ₹30 Crore were extended to Popular Mega Motors (India) Private Limited and ₹18.5 Crore to Popular Autoworks Private Limited, totaling ₹48.5 Crore. These are for renewed credit facilities with the State Bank of India.
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Popular Vehicles to Attend Nirmal Bang IE Auto Dealer Conference on Sep 18
Popular Vehicles and Services Limited will attend the Nirmal Bang IE Auto Dealer Conference on September 18, 2026. The virtual group meeting will commence at 10:00 am. Discussions will be limited to publicly available information.
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Popular Vehicles AGM: All Resolutions Approved with Overwhelming Majority
Popular Vehicles and Services Limited's 42nd AGM on August 28, 2026, saw all resolutions approved. Key approvals include adopting FY26 financial statements, re-appointing a director, appointing new auditors for five years, and appointing a new director. Shareholders overwhelmingly supported all agenda items through remote and in-person voting.
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Popular Vehicles Appoints Paul Francis Kuttukaran as Director; Reappoints John K. Paul
Popular Vehicles and Services Limited appointed Mr. Paul Francis Kuttukaran as a Non-Executive Non-Independent Director and re-appointed Mr. John K. Paul as a Director. Both appointments were approved at the 42nd AGM held on August 28, 2026. Mr. John K. Paul's remuneration in FY25-26 was ₹10.63 million salary and ₹1.84 million benefits.
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Popular Vehicles Appoints MSKA & Associates LLP as Statutory Auditors for 5 Years
Popular Vehicles and Services Limited appointed M/s. MSKA & Associates LLP as statutory auditors for a five-year term. The appointment was approved at the 42nd AGM on August 28, 2026, and will be effective until the 47th AGM in FY 2031-32. This change is due to the expiry of the previous auditor's term.
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Popular Vehicles and Services Ltd holds 42nd AGM on Aug 28, 2026
Popular Vehicles and Services Limited held its 42nd AGM on August 28, 2026. Key businesses transacted included adopting FY26 financial statements, re-appointing a director, and appointing new statutory auditors. Mr. Paul Francis Kuttukaran was appointed as a Non-Executive Non-Independent Director.
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Popular Vehicles issues corrigendum for 42nd AGM notice regarding auditor appointment
Popular Vehicles and Services Limited is issuing a corrigendum for its 42nd AGM notice, scheduled for August 28, 2026. The company proposes appointing M/s. MSKA & Associates LLP as new Statutory Auditors for a 5-year term, replacing M/s. B S R & Associates LLP. Proposed audit fees are lower than the previous year.
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Popular Vehicles Q1 FY27: Revenue Surges 44% to ₹1,890 Crore; Volumes Up 81%
Popular Vehicles and Services Limited's Q1 FY27 revenue surged 44% to ₹1,890 crore, with total vehicle volumes up 81%. Like-to-like revenue grew 52%. The company reported EBITDA of ₹71.5 crore, up 87% YoY. Acquired businesses are scaling, and organic growth remains strong. PVSL expects acquired entities to achieve PAT profitability from Q2 FY27.
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Popular Vehicles Q1 FY27 Earnings Call Recording Available
Popular Vehicles and Services Limited has made the audio recording of its Q1 FY27 earnings conference call available. The call, held on August 12, 2026, focused on the first quarter ended June 30, 2026. The recording can be accessed on the company's investor relations website.
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Popular Vehicles Q1 FY27 Results Approved: Standalone & Consolidated Un-Audited Financials
Popular Vehicles and Services Limited's Board approved Un-audited Standalone and Consolidated Financial Results for Q1 FY27 ended June 30, 2026. The results are available on the company website and stock exchanges.
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Popular Vehicles Q1FY27 Investor Presentation Released
Popular Vehicles and Services Limited released its Q1 FY27 investor presentation. The company reported strong growth across segments, with passenger vehicles up over 80% YoY and EVs up 153% YoY. Management highlighted strategic acquisitions and network expansion contributing to performance. Revenue contribution from Kerala reduced to below 50%.
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Popular Vehicles Q1FY27 Revenue Surges 44.6% to ₹1,903 Cr; Volumes Up 81.5%
Popular Vehicles & Services Ltd reported Q1FY27 results with total income up 44.6% to ₹1,903.1 crore YoY. New vehicle volumes surged 81.5% to 17,300 units. EBITDA increased 86.6% to ₹71.5 crore. Acquisitions contributed significantly to growth, with revenue from Globe CV, R.K.S Motors, and Olympus Motors reported.
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Popular Vehicles Q1 FY27 Results: Revenue ₹19,031 Crore, Net Profit ₹13.66 Crore
Popular Vehicles and Services Limited reported consolidated revenue of ₹19,031 crore and a profit after tax of ₹13.66 crore for Q1 FY27. Standalone results showed a loss after tax of ₹65.84 crore. The Board of Directors approved these results on August 11, 2026.
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Popular Vehicles Schedules Q1 FY27 Earnings Conference Call for Aug 12
Popular Vehicles and Services Limited will hold its Q1 FY27 Earnings Conference Call on August 12, 2026, at 10:30 AM IST. Management will discuss financial and operational performance for the quarter ended June 30, 2026. Key management personnel will be present.
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Popular Vehicles Announces 42nd AGM on Aug 28, 2026, via VC/OAVM
Popular Vehicles and Services Limited will hold its 42nd AGM on August 28, 2026, via VC/OAVM. Shareholders as of August 21, 2026, can participate and e-vote from August 25 to August 27, 2026. The Annual Report and AGM notice have been disseminated electronically and physically.
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Popular Vehicles Announces 42nd AGM on Aug 28, 2026; Releases Annual Report
Popular Vehicles and Services Ltd will hold its 42nd AGM on August 28, 2026. The company released its Annual Report for FY2026, showing a 15.2% increase in consolidated total income to ₹6,401 crore and EBITDA of ₹203 crore. The report details strategic entries into new states and OEM partnerships.
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Popular Vehicles to hold 42nd AGM on Aug 28, 2026, via VC
Popular Vehicles and Services Limited will hold its 42nd AGM on August 28, 2026, via VC. Key agenda items include adopting FY26 financial statements, re-appointing a director, appointing auditors for five years, and appointing a new Non-Executive Non-Independent Director. Remote e-voting is open from August 25-27, 2026.
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Popular Vehicles and Services Ltd. Announces 42nd AGM on August 28, 2026
Popular Vehicles and Services Limited will hold its 42nd Annual General Meeting (AGM) on August 28, 2026, at 4:00 PM. The meeting will be conducted via Video Conference (VC) and Other Audio Visual Means (OAVM). Shareholders can participate and vote remotely. The notice was published in "Financial Express" and "Deepika" on July 28, 2026.
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Popular Vehicles Q1FY27: Revenue Up 33%, New Vehicle Sales Surge 58% YoY
Popular Vehicles and Services Ltd reported Q1FY27 consolidated business update. Total revenue grew 33% YoY organically, with new vehicle sales up 58%. Passenger vehicles grew 49%, luxury PVs 21%, CVs 22%, and EV/spare parts 13%. Inventory days improved to ~33. Debt increased due to acquisitions. New service centers opened in Kerala and Nagpur.
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PVSL: Certificate Under SEBI Depositories Regs For Q1 FY27
Popular Vehicles and Services Limited (PVSL) submitted a certificate for the quarter ended June 30, 2026, under SEBI (Depositories and Participants) Regulations, 2018. The RTA confirmed no dematerialization or rematerialization requests were processed during this period.
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Popular Vehicles to Meet Analysts/Investors on June 23, 2026
Popular Vehicles and Services Limited will hold a virtual group meeting with investors and analysts on June 23, 2026. Discussions will be based on publicly available information, with no unpublished price-sensitive information to be shared.
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Popular Vehicles Changes Website Domain to www.popularvehicles.in
Popular Vehicles and Services Limited has changed its official website domain from www.popularmaruti.com to www.popularvehicles.in. This update complies with SEBI regulations. A migration notice will be displayed on the old website for a transition period.
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Popular Vehicles Q4 & FY26 Earnings Call Transcript Released
Popular Vehicles and Services Limited released its Q4 & FY26 earnings call transcript. The company reported FY26 revenue growth of 15% YoY to ₹6,401.1 crore, with new vehicle volumes up 21% YoY. Strategic acquisitions and divestments were key initiatives. The company anticipates high double-digit growth and 5% EBITDA margins in FY27. CEO Raj Narayan resigned.
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Popular Vehicles Q4 FY26 Audited Results Published in Newspapers
Popular Vehicles and Services Limited published its audited standalone and consolidated financial results for Q4 FY26 on May 28, 2026. The results, approved by the Board on May 26, 2026, are available on the company website and in newspapers.
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Popular Vehicles Q4 FY26 Earnings Call Recording Available Online
Popular Vehicles and Services Limited released the audio recording of its Q4 FY26 earnings conference call held on May 27, 2026. The recording is available on the company's investor relations website.
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Popular Vehicles Re-composes Board Committees Effective May 26, 2026
Popular Vehicles and Services Limited has re-composed its Audit, CSR, Risk Management, and Finance Committees. The changes are effective May 26, 2026. Key individuals like Mr. Neeraj Jain, Mr. John Kuttukaran Paul, Mr. Murali Narayanan, and Mr. Naveen Philip have taken on leadership roles in these committees.
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Popular Vehicles Appoints Gopikrishnan J as New Chief Risk Officer
Popular Vehicles and Services Limited appointed Mr. Gopikrishnan J as the new Chief Risk Officer, effective May 26, 2026. Ms. Jarly Manjesh transitions to Head – Group Finance Transformation. Mr. Gopikrishnan has over 22 years of experience in the automobile industry.
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Popular Vehicles FY26 Revenue Up 15% to ₹6,381 Crore; Q4 Revenue Jumps 28%
Popular Vehicles and Services Limited reported FY26 revenue of ₹6,381.1 crore, up 15.2% YoY, and Q4 FY26 revenue of ₹1,754.5 crore, up 28% YoY. The company completed three strategic acquisitions and divested Honda and Piaggio businesses. Non-Keralam revenue contribution rose to 47% in FY26. EBITDA for FY26 was ₹203.4 crore.
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Popular Vehicles Q4FY26 Revenue Up 28% to ₹1,758.8 Cr, EBITDA Jumps 93.5%
Popular Vehicles & Services Ltd reported Q4FY26 consolidated revenue of ₹1,758.8 crore, up 28% YoY. EBITDA surged 93.5% to ₹57.5 crore. Full-year FY26 revenue grew 15% to ₹6,401.1 crore. New vehicle volumes rose 43.5% in Q4 and 21% for FY26. Non-Kerala revenue contribution increased to 47% in FY26.
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Popular Vehicles & Services Ltd Reports Audited Q4 FY26 Results
Popular Vehicles and Services Ltd approved audited standalone and consolidated financial results for Q4 FY26. Auditors issued an unmodified opinion. The company completed a subsidiary disinvestment for ₹20 million, gaining ₹11.57 million, and acquired a business for ₹930 million, recognizing ₹14.87 million in goodwill.
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Popular Vehicles Q4FY26 Results: Board Approves Financials, Appoints New Auditor & Director
Popular Vehicles and Services Limited's Board approved Q4 and FY26 audited financial results. They appointed M/s. M SKA & Associates LLP as Statutory Auditor for five years and recommended Mr. Paul Francis Kuttukaran as Non-Executive Director. Q4FY26 revenue growth was restated to 28% from 69% due to prior misstatements.
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Popular Vehicles Reschedules Earnings Conference Call to May 27, 2026, at 9:00 AM (IST)
Popular Vehicles and Services Limited rescheduled its earnings conference call to May 27, 2026, at 9:00 AM (IST) to discuss audited financial results for the quarter and year ended March 31, 2026. Key participants include Mr. Naveen Philip, Mr. Raj Narayan, and Mr. Abraham Mammen.
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Popular Vehicles and Services Ltd.: CEO Raj Narayan Resigns, Effective Aug 21, 2026
Mr. Raj Narayan, CEO of Popular Vehicles and Services Ltd., has resigned effective August 21, 2026. He is leaving to pursue opportunities in a different industry. Mr. Narayan served the company for 44 months and was instrumental in its IPO journey.
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Popular Vehicles CEO Raj Narayan Resigns Effective August 21
Mr. Raj Narayan, CEO of Popular Vehicles and Services Limited, has resigned. His resignation is effective August 21, 2026. He cited pursuing a new career opportunity in a different industry as the reason. Mr. Narayan has served the company for 44 months.
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Popular Vehicles to Discuss Q4FY26 Results in Conference Call on 27 May 2026
Popular Vehicles and Services will host a conference call on 27 May 2026 at 3:00 PM IST to discuss Q4FY26 and FY26 financial results. Key management members, including Mr. Naveen Philip (Managing Director), Mr. Raj Narayan (CEO), and Mr. Abraham Mammen (Group CFO), will participate. Access details are provided for joining the call.
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Popular Mega Motors' CRISIL ratings reaffirmed till March 2027
Popular Mega Motors (India) Private Limited, a subsidiary of Popular Vehicles and Services Limited, has had its long-term rating reaffirmed at CRISIL A/Stable and short-term rating at CRISIL A1. These ratings are valid until March 31, 2027. The total rated bank loan facilities amount to ₹235.55 Crore.
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Popular Vehicles and Services Ltd.: Head of HR, Jobin Thomas, Resigns
Mr. Jobin Thomas, Head- Human Resources at Popular Vehicles and Services Limited, has resigned. His last working day will be July 31st, 2026. He is leaving to pursue other career opportunities. Mr. Thomas has been with the company for over five years.
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Popular Vehicles and Services Ltd: Head of HR, Jobin Thomas, Resigns
Mr. Jobin Thomas, Head-Human Resources at Popular Vehicles and Services Limited, has resigned. His resignation is effective July 31, 2026. He is leaving to pursue other career opportunities. Mr. Thomas has been with the company for 5.5 years.
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