Popular Vehicles and Services Limited has informed the Exchange about General Updates
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Popular Vehicles and Services Limited has informed the stock exchanges that CRISIL Limited, on 30th June 2025, has re-affirmed the credit ratings of its material subsidiary Popular Mega Motors (India) Private Limited. The long-term rating has been re-affirmed at CRISIL A with a Stable outlook, and the short-term rating at CRISIL A1. These ratings apply to the subsidiary's outstanding bank loan facilities of ₹235.70 crore. A re-affirmation means the rating agency sees no change in the creditworthiness since the last review.
This is a neutral-to-positive signal — CRISIL A/Stable is a strong investment-grade rating, indicating healthy debt-servicing capacity for the subsidiary. Shareholders can take comfort that the subsidiary's credit profile remains unchanged, with no negative pressure on its borrowings of ₹235.70 crore.