Intimation regarding outcome of the postal ballot concluded on 29th December, 2025 with regard to the appointment of Mr. Murali Narayanan (DIN: 11356917) as Non-Executive Independent Director.
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Popular Vehicles and Services Ltd informed the exchanges that shareholders have approved the appointment of Mr. Murali Narayanan (DIN: 11356917) as a Non-Executive Independent Director through a postal ballot that ended on December 29, 2025. Out of 57,645,202 votes polled (about 81% of outstanding shares), 99.9958% were in favour and only 2,434 votes (0.0042%) were against the resolution. Promoters and public institutional investors voted 100% in favour, while public non-institutional shareholders voted 99.97% in favour. The special resolution was comfortably passed and the scrutinizer's report has been submitted.
The appointment strengthens the company's board with an additional independent director and reflects strong shareholder confidence, but is a routine governance event with no immediate impact on operations or stock price.