5441442026-10-082026-10-085441442026-10-085441442026-10-08ChangeInManagementDomain15441442026-10-082026-10-08ChangeInManagementDomain15441442026-10-08ResignationOfDirectorOrKeyManagerialPersonnelOrSeniorManagementPersonnelOrComplianceOfficerDomain15441442026-10-082026-10-08ResignationOfDirectorOrKeyManagerialPersonnelOrSeniorManagementPersonnelOrComplianceOfficerDomain1xbrli:purePVSLPopular Vehicles and Services Limited544144NOTLISTEDINE772T01024trueListed Entity (self)false2026-10-0813:30:0012026-10-08CessationResignationDirectorExecutive DirectorNot ApplicableWTDMr.John Kuttukaran Paul2026-10-08trueMr.John Kuttukaran PaulExecutive Director2026-10-082026-10-08trueThe members of the Promoter Family have developed distinct visions and strategic aspirations concerning the growth and governance of their family businesses. In order to preserve family unity, mutual respect and long-term goodwill, and to ensure each member has the freedom to pursue their respective goals, the family has amicably agreed upon a settlement arrangement. Pursuant to this, a Memorandum recording Family Arrangement was executed on October 01, 2026. Under the terms of this arrangement, the management and operational control of the Company and its subsidiaries shall continue to vest in the continuing promoters, Mr. Francis K. Paul and Mr. Naveen Philip. As the outgoing promoter under this agreement, Mr. John Kuttukaran Paul will step down and relinquish his Board positions in the Popular Vehicles and Services Limited and its subsidiaries to take over and focus on specific partnerships, educational trusts, and other specified companies forming part of the family business, as agreed upon. The resignation is solely pursuant to the execution of the aforementioned inter-se family settlement agreement, and there are no other reasons for Mr. John Kuttukaran Paul’s departure from the Board.