Popular Vehicles Appoints Paul Francis Kuttukaran as Director; Reappoints John K. Paul

Popular Vehicles and Services Limited announced changes in its directorship following its 42nd Annual General Meeting (AGM) held on Friday, August 28, 2026.

The shareholders approved the re-appointment of Mr. John K. Paul (DIN: 00016513) as a Director of the Company. Mr. Paul, who retires by rotation, was eligible and offered himself for re-appointment. He has over 50 years of experience in the automobile industry and is responsible for the group's Maruti Suzuki dealership operations. In FY 2025-26, his past remuneration included a gross salary of ₹10.63 million and other benefits of ₹1.84 million.

Additionally, Mr. Paul Francis Kuttukaran (DIN: 11727635) has been appointed as a Non-Executive Non-Independent Director. This appointment is effective from August 28, 2026, and he will hold office liable to retire by rotation. Mr. Kuttukaran's appointment is intended to ensure continued representation of all three promoter families on the Board, following the cessation of Mr. Francis Kuttukaran Paul as a Director on March 31, 2026. Mr. Paul Francis Kuttukaran, aged 46, holds an MBA from Rotterdam School of Management and a Mechanical Engineering degree from PSG College of Technology. He has extensive international experience in the automotive, high-tech manufacturing, and semiconductor sectors, with expertise in market intelligence, product strategy, and contract negotiation. He holds no shares in the company directly but his father, Mr. Francis K Paul, holds 1,45,19,362 shares (20.39%). Mr. Paul Francis Kuttukaran is related to Mr. Naveen Philip (Managing Director) and Mr. John Kuttukaran Paul (Whole Time Director).

The company affirmed that both directors are not debarred from holding office by any order of SEBI or other authorities and are not disqualified under Section 164 of the Companies Act, 2013. Disclosures as per SEBI LODR Regulations are enclosed.