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 a total of 9,490 equity shares (8,990 + 500) through open market purchases on 30th March 2026. This raised the LLP's holding in the company from 1,26,446 shares (0.17%) to 1,35,936 shares (0.19%) of the total equity share capital of 7,11,98,198 shares. The disclosures were filed under Regulation 7(2) of SEBI Insider Trading Regulations, 2015 and Regulation 29(2) of SEBI Takeover Regulations, 2011. Despite being a promoter group entity, Kuttukaran Homes LLP holds only a marginal 0.19% stake in the company.
This is a small open-market purchase by a promoter group entity, signaling modest promoter confidence but the overall stake remains negligible at 0.19%. No material impact expected on share price or shareholder value from this minor increase in promoter group holding.