Popular Vehicles and Services Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Popular Vehicles and Services Limited
Symbol
PVSL
Quarter Ended
31-Mar-2026
Submission
New

General Disclosures

Advertisements As Per Regulation471
Yes
Annual Return As Provided Under Section92Of The Companies Act2013
Yes
Approval For Material Related Party Transactions
Not Applicable
Approval Of The Board And Shareholders For Compensation Or Profit Sharing
Not Applicable
Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls
Yes
Board Composition
Yes
Code Of Conduct
Yes
Compliance Certificate
Yes
Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation
Yes
Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46
Yes
Credit Rating Or Revision In Credit Rating Obtained
Yes
Date Of End Of Financial Year
31-Mar-2026
Date Of End Of Reporting Period
31-Mar-2026
Date Of Signing
29-Apr-2026
Date Of Start Of Financial Year
01-Apr-2025
Designation Of Person
Company Secretary and Compliance Officer
Designation Of Person Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Annual Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Quartely Affirmations
Company Secretary and Compliance Officer
Details Of Agreements Entered Into With The Media Companies And Or Their Associates
Not Applicable
Details Of Business
Yes
Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy
Yes
Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30
Yes
Disclosure Of Related Party Transactions On Consolidated Basis
Yes
Disclosure Web Link Of Annual Return As Provided Under Section92Of The Companies Act2013Is Placed
https://www.popularmaruti.com/investor-relations/financials/annual-reports/annual-returns/
Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed
https://www.popularmaruti.com/investor-relations/financials/
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://www.popularmaruti.com/investor-relations/submission-under-reg-30/
Disclosure Web Link Of Company At Dividend Distribution Policy As Per Regulation43A1Is Placed
https://www.popularmaruti.com/investor-relations/wp-content/uploads/2024/01/Dividend-Distribution-Policy-.pdf
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://www.popularmaruti.com/investor-relations/wp-content/uploads/2025/10/Policy-For-Determination-Of-Materiality.pdf
Disclosure Web Link Of Company At Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity Is Placed
https://www.popularmaruti.com/investor-relations/financials/annual-reports/annual-returns/annual-reports/
Disclosure Web Link Of Company At Which Credit Rating Or Revision In Credit Rating Obtained Is Placed
https://www.popularmaruti.com/investor-relations/submission-under-reg-30/
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://www.popularmaruti.com/
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://www.popularmaruti.com/investor-relations/wp-content/uploads/2024/01/Whistle-Blower-Policy-.pdf
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://www.popularmaruti.com/investor-relations/financials/
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
https://www.popularmaruti.com/investor-relations/wp-content/uploads/2025/10/Policy-On-Material-Subsidiaries.pdf
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://www.popularmaruti.com/investor-relations/wp-content/uploads/2025/05/Policy-on-Related-Party-Transactions.pdf
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://www.popularmaruti.com/investor-relations/investor-update/shareholding-pattern/
Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed
-
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
-
Disclosure Web Link Of Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30Is Placed
https://www.popularmaruti.com/investor-relations/investor-contact/
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://www.popularmaruti.com/investor-relations/wp-content/uploads/2024/01/Archival-Policy.pdf
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://www.popularmaruti.com/investor-relations/charter-documents/
Disclosure Web Link Of Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet Is Placed
https://www.popularmaruti.com/investor-relations/submission-under-reg-30/
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://www.popularmaruti.com/investor-relations/submission-under-reg-30/
Disclosure Web Link Of Statements Of Deviations Or Variations As Specified In Regulation32Is Placed
https://www.popularmaruti.com/investor-relations/submission-under-reg-30/
Disclosures Under Sub Regulation8Of Regulation30
Yes
Dividend Distribution Policy As Per Regulation43A1
Yes
Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021
Not Applicable
Fees Or Compensation
Yes
Financial Results
Yes
Is SCORESID Available
Yes
ISIN
INE772T01024
Market Capitalisation As Per Immediate Previous Financial Year
Top 2000 listed entities
Materiality Policy As Per Sub Regulation4Regulation30
Yes
Memorandum Of Association And Articles Of Association
Yes
Minimum Information
Yes
MSEI Symbol
NOTLISTED
Name Of Signatory
VARUN T.V
Name Of Signatory Affirmations
VARUN T.V
Name Of Signatory For Annual Affirmations
VARUN T.V
Name Of Signatory For Quartely Affirmations
VARUN T.V
Name Of The Company
POPULAR VEHICLES AND SERVICES LIMITED
New Name And The Old Name Of The Listed Entity
Not Applicable
Other Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity
Yes
Place
KOCHI
Plans For Orderly Succession For Appointments
Yes
Policy For Determining Material Subsidiaries
Yes
Policy For Related Party Transaction
Yes
Policy On Dealing With Related Party Transactions
Yes
Reason For Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity
Loans, guarantees, comfort letters and securities are issued to the wholly owned subsidiaries and step down subsidiaries only and not to any promoter or promoter group or Directors or KMP's or any other entity controlled by them.
Recommendation Of Board
Yes
Reporting Quarter
Yearly
Review Of Compliance Reports
Yes
Risk Assessment And Management
Yes
Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet
Yes
SCORES Registration ID
COMP00853
Scrip Code
544144
Secretarial Compliance Report
Yes
Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity
Yes
Shareholding Pattern
Yes
Statements Of Deviations Or Variations As Specified In Regulation32
Yes
Symbol
PVSL
The Listed Entity Has Approved Material Subsidiary Policy And The Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity Have Been Complied
Yes
Type Of Company
Equity
Type Of Submission
Original
Vacancies In Respect Key Managerial Personnel
Yes
Vigil Mechanism
Yes
Whether As Per Sub Regulation2ba Of Regulation27Of SEBILODR There Has Been Cyber Security Incidents During The Quarter
No
Whether Part A Of Annexure I Of The SEBI Circular Dated31December2024Related To Compliance Report On Corporate Governance Is Applicable To The Entity
Yes
Whether Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Applicable To The Entity
No

Additional Disclosures

Entry D_MeetingBOD1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD4
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit3
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit4
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit5
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit6
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit7
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit8
Whether Requirement Of Quorum Met
Yes
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Board Composition — Entity Disclosures

The Composition Of Board Of Directors Is In Terms Of Sebi Regulations2015
Yes
Chairperson Related to MD / CEO
No
Regular Chairperson
Yes

Composition of Board of Directors

SrTitleDirectorPANDINCategory 1Category 2Date of BirthDisqualifiedStatusSpecial ResolutionSpecial Resolution DateInitial AppointmentRe-appointmentCessationTenure (months)Listed DirectorshipsIndependent DirectorshipsAudit / Stakeholder MembershipsAudit / Stakeholder Chair Posts
1MrJacob Kurian******00213259Non-Executive - Independent DirectorChairperson09-Feb-1956NoActiveNot Applicable16-Jan-201916-Jan-202486.151110
2MrsPreeti Reddy******07248280Non-Executive - Independent DirectorNot Applicable31-Oct-1958NoActiveNot Applicable16-Jan-201916-Jan-202486.154431
3MrGeorge Joseph******00253754Non-Executive - Independent DirectorNot Applicable26-Apr-1949NoActiveYes11-Jul-202401-Jul-202111-Jul-202420.212265
4MrNeeraj Jain******00348591Non-Executive - Independent DirectorNot Applicable02-Feb-1962NoActiveNot Applicable29-Sep-202529-Sep-202502-Jun-20262241
5MrMurali Narayanan Chinnasamy******11356917Non-Executive - Independent DirectorNot Applicable15-May-1971NoActiveNot Applicable29-Dec-202529-Dec-202503-Mar-20261110
6MrJohn Kuttukaran Paul******00016513Executive DirectorNot Applicable28-Mar-1953NoActiveNot Applicable28-Jun-198311-Jul-20241020
7MrFrancis Kuttukaran Paul******00018825Executive DirectorNot Applicable09-Feb-1948NoActiveNot Applicable28-Jun-198331-Mar-20261000
8MrNaveen Philip******00018827Executive DirectorNot Applicable15-Mar-1970NoActiveNot Applicable01-Apr-20181010

Committee Disclosures

Entry CompComit122
Date of Appointment
20-May-2014
Date Of Cessation Of Director In Committee
31-Mar-2026
Entry CompComit123
Date of Appointment
01-Jul-2021
Entry CompComit124
Date of Appointment
10-Nov-2025
Entry CompComit14
Date of Appointment
31-Jul-2024
Entry CompComit15
Date of Appointment
10-Nov-2025
Entry CompComit16
Date of Appointment
16-Jan-2019
Entry CompComit17
Date of Appointment
16-Jan-2019
Entry CompComit41
Date of Appointment
16-Jan-2019
Entry CompComit42
Date of Appointment
16-Jan-2019
Entry CompComit43
Date of Appointment
10-Nov-2025
Entry CompComit68
Date of Appointment
31-Jul-2024
Entry CompComit69
Date of Appointment
10-Jun-2021
Entry CompComit70
Date of Appointment
10-Jun-2021
Entry CompComit71
Date of Appointment
10-Nov-2025
Entry CompComit72
Date of Appointment
10-Feb-2026
Entry CompComit95
Date of Appointment
10-Nov-2025
Entry CompComit96
Date of Appointment
10-Jun-2021
Entry CompComit97
Date of Appointment
31-Jul-2024
Entry CompComit98
Date of Appointment
10-Feb-2026
Entry MainD
Composition And Role Of Risk Management Committee
Yes
Composition Of Audit Committee
Yes
Composition Of Nomination And Remuneration Committee
Yes
Composition Of Stakeholder Relationship Committee
Yes
Composition Of Various Committees Of Board Of Directors
Yes
Disclosure Web Link Of Company At Which Composition Of Various Committees Of Board Of Directors Is Placed
https://www.popularmaruti.com/investor-relations/governance/composition-of-committees/
Memberships In Committees
Yes
Prior Or Omnibus Approval Of Audit Committee For All Related Party Transactions
Yes
Risk Management Committee
Yes
Role Of Audit Committee And Information To Be Reviewed By The Audit Committee
Yes
Role Of Nomination And Remuneration Committee
Yes
Role Of Stakeholders Relationship Committee
Yes
The Committee Members Have Been Made Aware Of Their Powers Role And Responsibilities As Specified In Sebi Regulations2015
Yes
The Composition Of Audit Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Nomination And Remuneration Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Risk Management Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Stakeholders Relationship Committee Committee Is In Terms Of Sebi Regulations2015
Yes
Whether The Audit Committee Has A Regular Chairperson
Yes
Whether The Corporate Social Responsibility Committee Has A Regular Chairperson
Yes
Whether The Nomination And Remuneration Committee Has A Regular Chairperson
Yes
Whether The Risk Management Committee Has A Regular Chairperson
Yes
Whether The Stakeholders Relationship Committee Has A Regular Chairperson
Yes

Audit Committee

Additional Position
Chairperson
Director DIN
00253754
Member Name
George Joseph
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00348591
Member Name
Neeraj Jain
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00213259
Member Name
Jacob Kurian
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
07248280
Member Name
Preeti Reddy
Position
Non-Executive - Independent Director

Audit Committee

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
00018825
Member Name
Francis Kuttukaran Paul
Notes
Pursuant to the resignation of Mr. Francis Kuttukaran Paul from the Board of Directors effective from the close of business hours on 31st March, 2026, he simultaneously ceased to be a member of the Corporate Social Responsibility Committee. He remained in his capacity as a member of the Committee until the conclusion of business hours on the said date.
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00213259
Member Name
Jacob Kurian
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00018827
Member Name
Naveen Philip
Position
Executive Director

Corporate Social Responsibility Committee

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
07248280
Member Name
Preeti Reddy
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00213259
Member Name
Jacob Kurian
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00348591
Member Name
Neeraj Jain
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Nomination and remuneration committee

Risk Management Committee

Additional Position
Chairperson
Director DIN
00348591
Member Name
Neeraj Jain
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
00018827
Member Name
Naveen Philip
Position
Executive Director

Risk Management Committee

Additional Position
Member
Director DIN
00253754
Member Name
George Joseph
Position
Non-Executive - Independent Director

Risk Management Committee

Additional Position
Member
Director DIN
11356917
Member Name
Murali Narayanan Chinnasamy
Notes
Pursuant to the reconstitution of the Risk Management Committee on 10th February, 2026, Mr. Murali Narayanan Chinnasamy was inducted as a member of the committee with effect from the same date.
Position
Non-Executive - Independent Director

Risk Management Committee

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
00253754
Member Name
George Joseph
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
07248280
Member Name
Preeti Reddy
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00018827
Member Name
Naveen Philip
Position
Executive Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00016513
Member Name
John Kuttukaran Paul
Position
Executive Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
11356917
Member Name
Murali Narayanan Chinnasamy
Notes
Pursuant to the reconstitution of the Stakeholders Relationship Committee on 10th February 2026, Mr. Murali Narayanan Chinnasamy was inducted as a member to the Committee.
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Entry MainD
Gap Between The Meetings Of The Risk Management Committee
Yes
Meeting Of Audit Committee
Yes
Meeting Of Board Of Directors
Yes
Meeting Of Independent Directors
Yes
Meeting Of Nomination And Remuneration Committee
Yes
Meeting Of Risk Management Committee
Yes
Meeting Of Stakeholders Relationship Committee
Yes
Quorum Of Board Meeting
Yes
Quorum Of Nomination And Remuneration Committee Meeting
Yes
Quorum Of Risk Management Committeemeeting
Yes
The Meetings Of The Board Of Directors And The Above Committees Have Been Conducted In The Manner As Specified In Sebi Regulations2015
Yes
Entry MeetingBOD1
Dates Of Meeting In The Previous Quarter
08-Oct-2025
Number Of Directors Present In Meeting Of Board Of Directors
7
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
8
Entry MeetingBOD2
Dates Of Meeting In The Previous Quarter
10-Nov-2025
Maximum Gap Between Any Two Consecutive Meetings
32
Number Of Directors Present In Meeting Of Board Of Directors
7
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
8
Entry MeetingBOD3
Dates Of Meeting If Any In The Relevant Quarter
10-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
91
Number Of Directors Present In Meeting Of Board Of Directors
7
Number Of Independent Directors Attending The Meeting
4
Total Number Of Directors As On Date Of The Meeting
8
Entry MeetingBOD4
Dates Of Meeting If Any In The Relevant Quarter
31-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
48
Number Of Directors Present In Meeting Of Board Of Directors
8
Number Of Independent Directors Attending The Meeting
5
Total Number Of Directors As On Date Of The Meeting
8
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Previous Quarter
10-Nov-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
2
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit2
Dates Of Meeting Of The Committee In The Relevant Quarter
10-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
91
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit3
Dates Of Meeting Of The Committee In The Relevant Quarter
31-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
48
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
Number Of Independent Director Attending Meeting Of Committee
4
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit4
Dates Of Meeting Of The Committee In The Previous Quarter
11-Nov-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit5
Dates Of Meeting Of The Committee In The Previous Quarter
29-Oct-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit6
Dates Of Meeting Of The Committee In The Relevant Quarter
10-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
103
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
2
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit7
Dates Of Meeting Of The Committee In The Previous Quarter
11-Nov-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
2
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MeetingComit8
Dates Of Meeting Of The Committee In The Relevant Quarter
31-Mar-2026
Maximum Gap Between Any Two Consecutive Meetings
139
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
1
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
3
Entry MainD
Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances
Yes
Disclosure Web Link Of Company At Which Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances Is Placed
https://www.popularmaruti.com/investor-relations/investor-contact/
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://www.popularmaruti.com/investor-relations/investor-contact/
Email Address For Grievance Redressal And Other Relevant Details
Yes
No Of Investor Complaints Disposed Off During The Period
0
No Of Investor Complaints During The Period
0
No Of Investor Complaints Received During The Period
0
Whether Part B Of Annexure I Of The SEBI Circular Dated31December2024Related To Investor Grievance Redressal Report Is Applicable To The Entity
Yes
Entry MainI
No Of Investor Complaints
0
Entry PY_I
No Of Investor Complaints
0
Composition Of Board Of Directors Of Unlisted Material Subsidiary
Yes
Reason For Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Not Applicable To The Entity
There were no acquisition of shares or voting rights in unlisted companies that took place in the quarter ended 31st March 2026.
Whether Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Applicable To The Entity
No
Entry I_OngoingTaxLitigationsOrDisputes1
Current Status
The Hon'ble High Court granted stay on the matter and the same is pending for disposal. There is no change from the previous disclosure.
Date of Initiation
23-Jul-2015
Opposing Party
1) State of Kerala, Secretary to Government, Taxes Department 2)Assistant Commissioner , Special Circle-1, Commercial Taxes, Ernakulam
Status (Previous Disclosure)
In the matter of Popular Mega Motors (India) Private Limited (PMMIL) (Wholly Owned Subsidiary): PMMIL filed a writ petition before the Hon'ble High Court by challenging the said order. Appeal Grounds are a) Assessment was done after the expiry of the period as prescribed under KVAT Act (Time barred by limitation) b) Merit of the case. The Court favourably decided the similar cases in favour of Assessees and the Department filed appeal before the Division Bench against the said Judgments. In our case, the appeal filed by Department was under Consideration of Hon'ble Court. The Court granted stay in the subject matter and the same is pending over a period of 3 years for disposal.
Entry I_OngoingTaxLitigationsOrDisputes2
Current Status
The Hon'ble High Court granted stay on the order and the same is pending for disposal. There is no change from the previous disclosure.
Date of Initiation
26-Dec-2016
Opposing Party
1) State of Kerala, Secretary to Government, Taxes Department 2)Assistant Commissioner , Special Circle-1, Commercial Taxes, Ernakulam
Status (Previous Disclosure)
In the matter of Popular Mega Motors (India) Private Limited (PMMIL) (Wholly Owned Subsidiary): PMMIL filed a writ petition before the Hon'ble High Court of Kerala, challenging the order on the ground that the order was passed without considering the documents submitted by the Company, receipt of which was acknowledged by the Assessing officer. Stay granted by the Hon'ble Court for further proceedings. The matter is still pending before Hon'ble Court for disposal.
Entry I_OngoingTaxLitigationsOrDisputes3
Current Status
The Hon'ble High Court granted stay against the order and the case was transferred to Division Bench for disposal. There is no change from the previous disclosure.
Date of Initiation
27-Mar-2017
Opposing Party
1) State of Kerala, Secretary to Government, Taxes Department 2)Assistant Commissioner , Special Circle-1, Commercial Taxes, Ernakulam
Status (Previous Disclosure)
In the matter of Popular Mega Motors (India) Private Limited (PMMIL) (Wholly Owned Subsidiary of the Company): PMMIL filed a writ petition before the Hon'ble High Court challenging the said order. Appeal Grounds are a) Assessment was done after the expiry of the period as prescribed under KVAT Act (Time barred by limitation) b) Merit of the case. The Court favourably decided the similar cases in favour of Assessees and the Department filed appeal before the Division Bench against the said Judgments. The Hon'ble Court granted Stay against the order and the case was transferred to Division Bench for disposal.
Entry I_OngoingTaxLitigationsOrDisputes4
Current Status
Appeal filed against the order before the First Appellate Authority on 5th April 2025.There is no change from the previous disclosure.
Date of Initiation
27-Dec-2023
Opposing Party
State Tax Officer, KK Nagar Assessment Circle , Chennai
Status (Previous Disclosure)
In the matter of Popular Mega Motors (India) Private Limited (PMMIL) (Wholly Owned Subsidiary): Order issued under Section 73 of TNGST Act against the PMMIL. Tax impact with interest and penalty was Rs.12,65,61,583/- (Rupees Twelve Crores Sixty Five Lakhs Sixty One Thousand Five Hundred and Eighty Three Only). The company has filed an appeal before the First Appellate Authority on 5th April 2025.
Entry I_OngoingTaxLitigationsOrDisputes5
Current Status
Appeal filed before the first Appellate Authority and the matter is pending. There is no change from the previous disclosure.
Date of Initiation
29-Dec-2023
Opposing Party
State Tax Officer, KK Nagar Assessment Circle , Chennai
Status (Previous Disclosure)
In the matter of Popular Mega Motors (India) Private Limited (PMMIL) (Wholly Owned Subsidiary): Order issued under section 73 on 1) excess availing of ITC 2) Availing ineligible credit. Tax impact with interest and penalty is Rs.2,44,47,496 (Two crores fourty four Lakhs fourty seven thousand four ninty six) .PMMIL have submitted all relevant documents with reconciliation statement showing there was no excess ITC availment. However, the assessing officer issued order with out considering the facts. Appeal filed before the first Appellate Authority on 27th March 2024 and the matter is pending.
Entry I_OngoingTaxLitigationsOrDisputes6
Current Status
Awaiting fresh order from the Department. No update has been received as of now.
Date of Initiation
27-Sep-2024
Opposing Party
Vijayakumar R Assistant Commissioner Hqrs, Review cell Tamil Nadu
Status (Previous Disclosure)
In the matter of Prabal Motors Private Limited (PMPL) (Subsidiary): PMPL received a Show Cause Notice from Additional Commissioner, Central Goods and Services Tax, Coimbatore dated 28/12/2023 alleging a difference of Rs.13.58 Crores between GSTR-2A and GSTR-3B for the financial year 2018-19. Drop Order Received on 28/03/2024. Form GST APL-03 Received on 27/09/2024 Order received on 11/06/2025. Review is allowed. The adjudicating authority is directed to comply with the direction of the CBIC Circular No.183115/2022-GST dated 27.12.2022 and pass a fresh order as per law.
Entry I_OngoingTaxLitigationsOrDisputes7
Current Status
Appeal Filed on 23/01/2026 The physical copies of the appeal, along with supporting documents, have been submitted to the department on 27/01/2026. Form GST APL-02, Acknowledgement for submission of Appeal, received on 05/02/2026. The Department will issue the Personal Hearing notice with the date and time. No update has been received from the Department as of now.
Date of Initiation
21-Apr-2025
Opposing Party
Alok Singh Chauhan. Superintendent Arasur Range Coimbatore
Status (Previous Disclosure)
In the matter of Prabal Motors Private Limited (PMPL) (Subsidiary): PMPL Received Order on 13-12-2025 from the office of Assistant Commissioner Coimbatore IV Division raising demand of tax of Rs.1,00,83,198/- and Penalty of Rs.10,08,020/- with Applicable Interest. however company has decided to file an appeal against the said order.
Entry I_OngoingTaxLitigationsOrDisputes8
Current Status
Appeal Filed on 04-03-26 with 10% Predeposit of Rs. 9,86,879.20 and APL-02 received.
Date of Initiation
17-Sep-2025
Opposing Party
Government of Karnataka Commercial Taxes Department
Status (Previous Disclosure)
In the matter of Popular Autodealers Private Limited. (PADL)(Wholly owned subsidiary): DRC07 issued on 05/12/2025 (order of Rs 1,72,31,450) (Tax Rs. 98,72,946, Interest Rs. 63,69,274, Penalty Rs. 9,89,230) 1) Audit findings issued U/s 65(6) of the Act dated 16.08.2025 2) Assignment u/s 73 issued by the JCCT (Admin), DGSTO-4, Bangalore vide KGAIN No.7432 dated 03.09.2025 3) Form DRC-01A issued dated: 10.09.2025 4)PADL reply given on 03.09.2025 5)Show-cause notice in Form DRC-01 issued by department dated: 17.09.2025 6)reply given to department dated 15.10.2025 along with supporting documents submitted 7)Personal hearing conducted on 30.10.2025 8) DRC07 issued by Department on 05/12/2025 (order of Rs 1,72,31,450).
Entry MainD
Whether Part E Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Applicable To The Entity
Yes
Entry I_ImpositionOfFineOrPenalty1
Authority
Kalady Grama Panchayat
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
10-Jan-2026
Financial / Operational Impact
Fine/Penalty of Rs. 2,500/- No other impact on the operation of the company
Nature And Details Of The Action Taken Or Order Passed
Company received a notice from Kalady Grama Panchayat under the Kerala Panchayat Raj (Issue of License to Factories, Trades, Entrepreneurship Activities, and Other Services) Rules, 1996
Violation Details
Violation regarding damage to the ETP plant tank
Entry MainD
Whether Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Applicable To The Entity
Yes