Popular Vehicles and Services Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
Popular Vehicles and Services Limited has submitted annual disclosures to BSE and NSE under Regulation 31(4) of SEBI's Takeover Regulations. Three promoters — Francis K. Paul, John K. Paul, and Naveen Philip — each filed declarations stating they hold 1,45,19,362 equity shares of the company as on March 31, 2025. Each promoter also confirmed that they, along with persons acting in concert, have not created any new encumbrance (pledge or lien) on their shares beyond what was already disclosed during the financial year. The filings are dated April 1 and April 4, 2025, and are routine year-end compliance submissions, not transactions involving a change in shareholding.
This is a standard regulatory compliance filing and is unlikely to affect the stock price. It reassures shareholders that promoters have not pledged or encumbered additional shares during the year, indicating stable promoter ownership with no new fundraising pressure from their holdings.