Popular Vehicles and Services Limited has informed the Exchange regarding 'Intimation under Regulation 7(2) of SEBI (Prohibition and Insider Trading) Regulations 2015 and Regulation 29 of SEBI (Substantial acquisition of shares and takeover) Regulations 2011'.
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Kuttukaran Homes LLP, a promoter group entity of Popular Vehicles and Services Limited, bought 42,846 equity shares of the company through open market purchases on 25th March 2026. The acquisition was made in two separate transactions of 20,846 shares and 22,000 shares, valued at approximately Rs. 39.99 lakh in total. The promoter group's holding in the company increased from 64,600 shares (0.09%) to 85,446 shares (0.12%) of the paid-up equity capital. The disclosures were filed under SEBI Insider Trading Regulations and the Takeover Regulations, with the company confirming receipt of the same on 27th March 2026.
This is a minor open market purchase by the promoter group, reflecting a small incremental increase in promoter shareholding. It is a routine disclosure and is unlikely to have a material impact on the stock price, though it signals continued promoter confidence in the company.