Popular Vehicles and Services Limited — Others, 11-04-2025: Giving guarantees/indemnity/ becoming a surety for third party

Popular Vehicles and Services Ltd has announced a board meeting to discuss the continuation of a corporate guarantee for HDFC Bank Limited, facilitating an inventory funding facility of Rs. 3 Cr for its subsidiary, Kuttukaran Cars Private Limited. Additionally, the company will provide a corporate guarantee for Rs. 22.5 Cr to IndusInd Bank Limited for channel financing for Prabal Motors Private Limited. These guarantees reinforce the financial support within the group and currently have no immediate impact on the company's financial health. Investors might view this as a stable measure of support for subsidiaries, providing a positive outlook on operational continuity.