Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 with respect to resignation of Key Managerial Personnel.
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Popular Vehicles and Services Ltd has announced the resignation of Mr. Raj Narayan from the position of Chief Executive Officer. He tendered his notice on 22nd May 2026, which will take effect from 21st August 2026, giving approximately 3 months' notice. The reason stated is pursuing a new career opportunity in a different industry. Mr. Narayan served as CEO for about 44 months, with one of his key achievements being leading the company's successful IPO journey. The company has stated that he will serve the notice period to ensure smooth business transition.
The resignation of the CEO creates leadership uncertainty ahead of its effective date. Investors should monitor for the appointment of a successor, as the CEO plays a critical role in day-to-day operations and strategic direction of the company, especially for an automobile dealership group.