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, acquired 20,100 equity shares (representing 0.028% of the total share capital) through open market purchase on 23rd March 2026 for a total value of approximately Rs. 17.60 lakh (implying around Rs. 87.58 per share). Prior to this acquisition, the entity held NIL shares in the company, and after the acquisition its holding stands at 20,100 shares (0.028%). The total equity share capital of the company remains 7,11,98,198 shares of Rs. 2 each. The disclosure has been filed under SEBI Insider Trading Regulations (Form C) and SEBI Takeover Regulations, with no derivative trading involved.
This is a small open-market purchase by a promoter group entity, indicating continued promoter confidence in the company. However, at just 0.028% of share capital, the acquisition is too minor to materially affect shareholding patterns or the stock price.