Pursuant to Regulation 30 read with Para A of Part A of Schedule III, Regulation 33 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ....
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Popular Vehicles and Services Ltd held its Board Meeting on 26th May 2026, approving audited standalone and consolidated financial results for Q4 and FY26. Standalone revenue grew from Rs 26,005.5 million to Rs 28,683.5 million (approx 10% YoY), but the company reported a standalone loss of Rs 692.16 million compared to a loss of Rs 336.17 million in FY25. On consolidated basis, revenue increased from Rs 55,705.4 million to Rs 64,283.3 million (approx 15.4% YoY) with consolidated PAT turning positive at Rs 135.4 million vs a loss of Rs 120.25 million in FY25. The board also disclosed that Q4FY26 revenue growth was restated from 69% to 28% due to erroneous calculations in the April 2025 Business Update. MSKA & Associates LLP was appointed as the new statutory auditor for 5 years. Key changes include appointment of Mr. Paul Francis Kuttukaran as Non-Executive Director, appointment of Mr. Gopikrishnan J as Chief Risk Officer, and re-composition of multiple committees.
The company swung to consolidated profitability in FY26 but standalone losses widened significantly. The revenue restatement corrects earlier misstatements and may concern investors about data accuracy processes. New auditor appointment and director changes indicate governance updates.