Popular Vehicles and Services Limited — Important, 02-09-2025: Disclosure of material issue

Popular Vehicles & Services (PVSL) has completed a key strategic move: the divestment of its wholly-owned subsidiary, Kuttukaran Green Private Limited (KGPL). PVSL sold its entire 100% stake, a move previously approved by its Board.

**Issue:** The strategic decision by PVSL to divest its wholly-owned subsidiary, Kuttukaran Green Private Limited.

**Possible Impact:** This divestment aims to streamline PVSL's operations and allows a sharper focus on core business. While financial specifics aren't detailed, such actions typically optimize capital allocation and could enhance overall corporate efficiency.

**Company's Action:** PVSL successfully finalized the sale of its entire stake in KGPL on September 1st, executing the previously announced strategic plan.