Popular Vehicles and Services Ltd: Key Updates
Popular Vehicles and Services Ltd, a prominent player in the Consumer Discretionary sector, has recently announced several significant developments. The company, listed on the National Stock Exchange of India, operates as an automobile dealer, offering a range of services including the sale of new and used vehicles, servicing, repairs, and the distribution of spare parts and accessories. Additionally, it facilitates third-party financial and insurance products and operates driving schools.
Business Responsibility and Sustainability Reporting
On September 2, 2025, Popular Vehicles and Services Ltd issued an intimation regarding the Business Responsibility and Sustainability Reporting for the financial year ended March 31, 2025. This report aligns with the company’s commitment to transparency and sustainable business practices.
41st Annual General Meeting
The company has also announced the 41st Annual General Meeting (AGM), scheduled for September 29, 2025, at 4:00 PM via video conferencing. This meeting is in compliance with SEBI (LODR) Regulations, 2015, and aims to discuss the company’s performance and future strategies.
Divestment of Kuttukaran Green Private Limited
A notable corporate action is the completion of the divestment of its wholly owned subsidiary, Kuttukaran Green Private Limited. This strategic move is part of the company’s efforts to streamline operations and focus on core business areas.
Corporate Guarantee to Kuttukaran Cars Private Limited
In another significant development, Popular Vehicles and Services Ltd has provided a corporate guarantee to its wholly owned subsidiary, Kuttukaran Cars Private Limited. This action is in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015, ensuring financial stability and support for the subsidiary.
Revision of Credit Rating for Popular Autoworks Private Limited
The company has also announced a revision of the credit rating for its wholly owned subsidiary, Popular Autoworks Private Limited. This revision, pursuant to Regulation 30 of SEBI (LODR), 2015, reflects the subsidiary’s financial health and creditworthiness.
Financial Overview
As of August 31, 2025, Popular Vehicles and Services Ltd’s close price stood at INR 111.6. The company’s market capitalization is INR 7,945,719,011. Over the past year, the stock has seen a 52-week high of INR 230.9 on September 12, 2024, and a 52-week low of INR 86.75 on April 20, 2025.
These updates highlight Popular Vehicles and Services Ltd’s ongoing efforts to enhance its operational efficiency and financial stability, positioning it for future growth in the competitive automobile sector.