Popular Vehicles and Services Limited — Others, 12-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Popular Vehicles and Services has announced a board meeting to review the financial results for the quarter and half-year ended December 31, 2024. They confirmed complete utilization of the ₹250 crore raised from their Initial Public Offering, with no deviations in the use of funds from the stated objectives. Specifically, ₹192 crore was allocated for repayment of borrowings, and the company also added a surplus of ₹15.10 crore back to general corporate purposes, reflecting effective financial management. This transparency could foster a positive outlook among investors, strengthening confidence in the company's operations.