Popular Vehicles and Services Limited — Others, 19-03-2025: Giving guarantees/indemnity/ becoming a surety for third party

Popular Vehicles and Services Ltd is continuing its corporate guarantee to The South Indian Bank for renewing cash credit facilities up to ₹17 Cr for its subsidiary, Popular Auto Dealers Pvt Ltd. Additionally, the company is providing a guarantee to HDFC Bank for an inventory funding facility of up to ₹25.25 Cr for another subsidiary, Popular Autoworks Pvt Ltd. These guarantees support the subsidiaries’ financing needs without impacting the parent company's financials, other than standard disclosure in its financial statements. This move may bolster investor confidence in the company's commitment to supporting its subsidiaries, presenting a generally positive outlook.