Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 with regard to the resignation of Senior Management Personnel.
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On the reaction day the stock moved 1.2 pts less than Nifty Microcap 250 and 1.8 pts less than its Automobiles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Popular Vehicles and Services Ltd has informed exchanges about the resignation of Mr. Jobin Thomas from his role as Head - Human Resources. He tendered his resignation notice on May 5, 2026, with an effective departure date of July 31, 2026. Mr. Thomas cited his reason as pursuing another career opportunity aligned with his professional aspirations. He served in this role for approximately 5½ years and has committed to ensuring a smooth transition and handover of HR responsibilities before his exit. The Company Secretary Varun T.V. signed the disclosure on May 6, 2026.
The departure of the HR Head, while notable, appears orderly with a ~3-month notice period. The resignation is framed positively (career growth) rather than due to governance concerns, and the long notice period suggests minimal immediate operational disruption.