Popular Vehicles and Services Limited — Others, 12-02-2025: Change in Management

Popular Vehicles and Services Ltd has announced a board meeting where it approved the appointment of Mr. Abraham Mammen as the Group Chief Financial Officer (CFO), effective immediately, with him succeeding Mr. John Verghese on July 1, 2025. Mr. Verghese's term is extended until June 30, 2025, after which he will act as a consultant until September 30, 2025. This change may enhance the financial leadership with Mr. Mammen’s extensive 22-year background in finance across notable companies, potentially offering a positive outlook for operational efficiency and shareholder confidence in the company's strategic direction.