Popular Vehicles and Services Ltd

Popular Vehicles Extends Guarantees Worth ₹55 Crores for Subsidiaries 🚗💼

- Corporate guarantee extended for Popular Autoworks Pvt Ltd: ₹17.50 Cr (Dealer Finance Facility renewal + new Term Loan) with The South Indian Bank Ltd.

- Corporate guarantee continued for Popular Mega Motors (India) Pvt Ltd: ₹37.50 Cr (Channel Financing + Adhoc limit) with IndusInd Bank Ltd.

- Both subsidiaries are wholly owned by Popular Vehicles and Services Ltd.

- Transactions conducted at arm’s length—no promoter or promoter group interest.

- Disclosures made in financial statements; no significant impact on the listed entity.