Popular Vehicles and Services Limited — Others, 04-06-2025: Shareholders meeting

Popular Vehicles and Services Ltd has announced a board meeting to seek shareholder approval for selling its entire stakes in two subsidiaries: Vision Motors Private Limited (VMPL) and Kuttukaran Green Private Limited (KGPL). VMPL, handling Honda dealerships in Kerala, will be sold for Rs. 68 Cr, while KGPL, focused on electric three-wheelers, will fetch Rs. 2 Cr. The divestments aim to enhance liquidity and reallocate capital toward higher-growth areas. Promoter Directors will provide personal collateral to support the buyer’s funding, making this a related-party transaction requiring shareholder consent via postal ballot.