Integrated Filing-Governance



General information about company

Scrip Code 544144
NSE Symbol PVSL
MSEI Symbol NOTLISTED
ISIN INE772T01024
Name of the entity POPULAR VEHICLES AND SERVICES LIMITED
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity There were no acquisition of shares or voting rights in unlisted companies that took place in the quarter ended 31st March 2026.
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? No
Reason For Part F Of Annexure I 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.
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 2000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID COMP00853
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Jacob Kurian 00213259 Non-Executive - Independent Director Chairperson 09-Feb-1956 No Active NA 16-Jan-2019 16-Jan-2024 86.15 1 1 1 0
2 Mrs. Preeti Reddy 07248280 Non-Executive - Independent Director Not Applicable 31-Oct-1958 No Active NA 16-Jan-2019 16-Jan-2024 86.15 4 4 3 1
3 Mr. George Joseph 00253754 Non-Executive - Independent Director Not Applicable 26-Apr-1949 No Active Yes 11-Jul-2024 01-Jul-2021 11-Jul-2024 20.21 2 2 6 5
4 Mr. Neeraj Jain 00348591 Non-Executive - Independent Director Not Applicable 02-Feb-1962 No Active NA 29-Sep-2025 29-Sep-2025 6.02 2 2 4 1
5 Mr. Murali Narayanan Chinnasamy 11356917 Non-Executive - Independent Director Not Applicable 15-May-1971 No Active NA 29-Dec-2025 29-Dec-2025 3.03 1 1 1 0
6 Mr. John Kuttukaran Paul 00016513 Executive Director Not Applicable 28-Mar-1953 No Active NA 28-Jun-1983 11-Jul-2024 1 0 2 0
7 Mr. Francis Kuttukaran Paul 00018825 Executive Director Not Applicable 09-Feb-1948 No Active NA 28-Jun-1983 31-Mar-2026 1 0 0 0 Tenure Completion Textual Information(1)
8 Mr. Naveen Philip 00018827 Executive Director Not Applicable 15-Mar-1970 No Active NA 01-Apr-2018 1 0 1 0



Text Block
Textual Information(1) Mr. Francis K. Paul was last appointed as Whole-time Director of the Company pursuant to the special resolution passed by the Shareholders on August 18, 2023, for the period from April 1, 2024 to March 31, 2026. His term as Whole Time Director expired on 31st March 2026. Mr. Francis K. Paul also resigned from the Directorship of the Company vide resignation letter dated 31st March 2026 which was accepted by the Board on the same date.



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00253754 George Joseph Non-Executive - Independent Director Chairperson 31-Jul-2024
2 00348591 Neeraj Jain Non-Executive - Independent Director Member 10-Nov-2025
3 00213259 Jacob Kurian Non-Executive - Independent Director Member 16-Jan-2019
4 07248280 Preeti Reddy Non-Executive - Independent Director Member 16-Jan-2019



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 07248280 Preeti Reddy Non-Executive - Independent Director Chairperson 16-Jan-2019
2 00213259 Jacob Kurian Non-Executive - Independent Director Member 16-Jan-2019
3 00348591 Neeraj Jain Non-Executive - Independent Director Member 10-Nov-2025



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00253754 George Joseph Non-Executive - Independent Director Chairperson 31-Jul-2024
2 07248280 Preeti Reddy Non-Executive - Independent Director Member 10-Jun-2021
3 00018827 Naveen Philip Executive Director Member 10-Jun-2021
4 00016513 John Kuttukaran Paul Executive Director Member 10-Nov-2025
5 11356917 Murali Narayanan Chinnasamy Non-Executive - Independent Director Member 10-Feb-2026 Textual Information(1)



Text Block
Textual Information(1) 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.



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00348591 Neeraj Jain ID Chairperson 10-Nov-2025
2 00018827 Naveen Philip ED Member 10-Jun-2021
3 00253754 George Joseph ID Member 31-Jul-2024
4 11356917 Murali Narayanan Chinnasamy ID Member 10-Feb-2026 Textual Information(1)



Text Block
Textual Information(1) 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.



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 08-Oct-2025 Yes 8 7 3
2 10-Nov-2025 32 Yes 8 7 3
3 10-Feb-2026 91 Yes 8 7 4
4 31-Mar-2026 48 Yes 8 8 5



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 10-Nov-2025 Yes 3 2 2 0
2 Audit Committee 10-Feb-2026 91 Yes 4 3 3 0
3 Audit Committee 31-Mar-2026 48 Yes 4 4 4 0
4 Stakeholders Relationship Committee 11-Nov-2025 Yes 4 3 1 0
5 Nomination and remuneration committee 29-Oct-2025 Yes 4 4 3 0
6 Nomination and remuneration committee 10-Feb-2026 103 Yes 3 2 2 0
7 Risk Management Committee 11-Nov-2025 Yes 3 2 1 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here:



Annexure 1
Sr Subject Compliance status
1 Name of signatory VARUN T.V
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://www.popularmaruti.com/
1.2 Memorandum of Association and Articles of Association Yes https://www.popularmaruti.com/investor-relations/charter-documents/
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.popularmaruti.com/investor-relations/governance/board/
2 Terms and conditions of appointment of independent directors Yes https://www.popularmaruti.com/investor-relations/governance/terms-and-conditions/
3 Composition of various committees of board of directors Yes https://www.popularmaruti.com/investor-relations/governance/composition-of-committees/
4 Code of conduct of board of directors and senior management personnel Yes https://www.popularmaruti.com/investor-relations/wp-content/uploads/2025/10/Code-Of-Conduct-For-Board-Of-Directors-And-SMPs.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.popularmaruti.com/investor-relations/wp-content/uploads/2024/01/Whistle-Blower-Policy-.pdf
6 Criteria of making payments to non-executive directors Yes https://www.popularmaruti.com/investor-relations/wp-content/uploads/2024/01/Nomination-and-Remuneration-Policy.pdf
7 Policy on dealing with related party transactions Yes https://www.popularmaruti.com/investor-relations/wp-content/uploads/2025/05/Policy-on-Related-Party-Transactions.pdf
8 Policy for determining material subsidiaries Yes https://www.popularmaruti.com/investor-relations/wp-content/uploads/2025/10/Policy-On-Material-Subsidiaries.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://www.popularmaruti.com/investor-relations/governance/familiarisation-programmes-for-id/#
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.popularmaruti.com/investor-relations/investor-contact/
11 Email address for grievance redressal and other relevant details Yes https://www.popularmaruti.com/investor-relations/investor-contact/
12 Financial results Yes https://www.popularmaruti.com/investor-relations/financials/
13 Shareholding pattern Yes https://www.popularmaruti.com/investor-relations/investor-update/shareholding-pattern/
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://www.popularmaruti.com/investor-relations/submission-under-reg-30/
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://www.popularmaruti.com/investor-relations/financials/
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://www.popularmaruti.com/investor-relations/submission-under-reg-30/
18 Credit rating or revision in credit rating obtained Yes https://www.popularmaruti.com/investor-relations/submission-under-reg-30/
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://www.popularmaruti.com/investor-relations/financials/annual-reports/annual-returns/annual-reports/
20 Secretarial compliance report Yes https://www.popularmaruti.com/investor-relations/submission-under-reg-30/
21 Materiality policy as per regulation 30 (4) Yes https://www.popularmaruti.com/investor-relations/wp-content/uploads/2025/10/Policy-For-Determination-Of-Materiality.pdf
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://www.popularmaruti.com/investor-relations/investor-contact/
23 Disclosures under regulation 30(8) Yes https://www.popularmaruti.com/investor-relations/wp-content/uploads/2024/01/Archival-Policy.pdf
24 Statements of deviation(s) or variations(s) as specified in regulation 32 Yes https://www.popularmaruti.com/investor-relations/submission-under-reg-30/
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://www.popularmaruti.com/investor-relations/wp-content/uploads/2024/01/Dividend-Distribution-Policy-.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.popularmaruti.com/investor-relations/financials/annual-reports/annual-returns/
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes -
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes -
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) Yes
27 Quorum of Risk Management Committee meeting 21(3B) Yes
28 Gap between the meetings of the Risk Management Committee 21(3C) Yes
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) NA
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) Yes
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) Yes
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) Yes
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) Yes
Any other information to be provided - Add Notes



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied Yes
Any other information to be provided



Annexure II
1 Name of signatory VARUN T.V
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them
Promoter Group or any other entity controlled by them
Directors (including relatives) or any other entity controlled by them
KMPs or any other entity controlled by them
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. $intratedCg.get("CG_YN_$!integratedFillingMasterDto.cgMasterVO.anx4aAffirmComplStatus")
Name
Designation
Place
Date



Signatory Details
Name of signatory VARUN T.V
Designation of person Company Secretary and Compliance Officer
Place KOCHI
Date 29-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 0
No. of investor complaints disposed off during the Quarter 0
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1 Kalady Grama Panchayat 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 10-Jan-2026 Violation regarding damage to the ETP plant tank Fine/Penalty of Rs. 2,500/- No other impact on the operation of the company


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 1) State of Kerala, Secretary to Government, Taxes Department 2)Assistant Commissioner , Special Circle-1, Commercial Taxes, Ernakulam 23-Jul-2015 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. 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.
2 1) State of Kerala, Secretary to Government, Taxes Department 2)Assistant Commissioner , Special Circle-1, Commercial Taxes, Ernakulam 26-Dec-2016 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. 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.
3 1) State of Kerala, Secretary to Government, Taxes Department 2)Assistant Commissioner , Special Circle-1, Commercial Taxes, Ernakulam 27-Mar-2017 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. 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.
4 State Tax Officer, KK Nagar Assessment Circle , Chennai 27-Dec-2023 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. Appeal filed against the order before the First Appellate Authority on 5th April 2025.There is no change from the previous disclosure.
5 State Tax Officer, KK Nagar Assessment Circle , Chennai 29-Dec-2023 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. Appeal filed before the first Appellate Authority and the matter is pending. There is no change from the previous disclosure.
6 Vijayakumar R Assistant Commissioner Hqrs, Review cell Tamil Nadu 27-Sep-2024 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. Awaiting fresh order from the Department. No update has been received as of now.
7 Alok Singh Chauhan. Superintendent Arasur Range Coimbatore 21-Apr-2025 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. 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.
8 Government of Karnataka Commercial Taxes Department 17-Sep-2025 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). Appeal Filed on 04-03-26 with 10% Predeposit of Rs. 9,86,879.20 and APL-02 received.