Popular Vehicles and Services Limited has informed the Exchange regarding Change in Director(s) of the company.
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Awaiting price reaction for this filing.
Popular Vehicles and Services Limited has appointed Mr. Neeraj Jain (DIN: 00348591) as a Non-Executive Independent Director for a period of five years, effective from 29th September 2025. The appointment was approved by shareholders through a special resolution at the company's 41st Annual General Meeting. Mr. Neeraj Jain is a rank-holder Chartered Accountant and Company Secretary with over 30 years of leadership experience in finance, supply chain, and business management across Johnson & Johnson and Hindustan Unilever, having served across India, ASEAN, and Asia Pacific. He was earlier recognized among the top 100 most influential CFOs in India by CIMA in 2016 and by 9.9 Media in 2015. He is not related to any existing directors and is not debarred from holding directorship by SEBI or any other authority.
This is a routine board-strengthening move that brings a senior finance and operations veteran onto the board, which may improve governance and strategic oversight. It is unlikely to cause any immediate movement in the stock price since it is a non-executive independent role rather than a top management change.