Popular Vehicles and Services Limited — Others, 30-07-2025: Action(s) taken or orders passed

Popular Vehicles and Services Limited has been assessed a penalty of Rs. 0.20 Cr by the Income Tax Department. This financial penalty stems from disallowances related to leave encashment and investments in group companies for the Assessment Year 2012-13. The company has clarified that while this penalty addresses a specific past issue, there is no other impact on its current operations. Shareholders should note this as a historical financial adjustment with no operational disruption.