Giving guarantees/indemnity/ becoming a surety for third party

Popular Vehicles and Services Ltd Kuttukaran Centre Mamangalam, Kochi 682025 t 0484 2341134 e cs@popularv.com www.popularvehicles.in CIN L50102KL1983PLC003741 KERALA – GSTIN 32AABCP3805G1ZW TAMIL NADU- GSTIN 33AABCP3805G1ZU KARNATAKA - GSTIN 29AABCP3805G1ZJ TELANGANA - GSTIN 36AABCP3805G1ZO Ref No: PVSL/SEC/55/2026-27 Date: 21st September, 2026 To, To, BSE Limited (“BSE”), National Stock Exchange of India Limited Corporate Relationship Department, (“NSE”), 2nd Floor, New Trading Ring, Exchange Plaza, Plot No. C-1, Block G, P.J. Towers, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001. Mumbai – 400 051. Scrip Code: 544144 NSE Code: PVSL ISIN: INE772T01024 ISIN: INE772T01024 Dear Sir/Madam, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for giving Corporate Guarantee. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Popular Vehicles and Services Limited (‘the Company’) hereby intimates that the Company is: 1. continuing to extend corporate guarantee in favor of the State Bank of India in relation to renewal of Credit Facility under Electronic Dealer Funding Scheme upto an amount of Rs.30,00,00,000/- (Rupees Thirty Crores only) to Popular Mega Motors (India) Private Limited (Wholly Owned Material Subsidiary). 2. continuing to extend corporate guarantee in favor of the State Bank of India in relation to the renewal of Credit Facility under Electronic Dealer Funding Scheme upto an amount of Rs.18,50,00,000/- (Rupees Eighteen Crores Fifty Lakhs only) to Popular Autoworks Private Limited (Wholly Owned Subsidiary). www.kuttukaran.in Popular Vehicles and Services Ltd Kuttukaran Centre Mamangalam, Kochi 682025 t 0484 2341134 e cs@popularv.com www.popularvehicles.in CIN L50102KL1983PLC003741 KERALA – GSTIN 32AABCP3805G1ZW TAMIL NADU- GSTIN 33AABCP3805G1ZU KARNATAKA - GSTIN 29AABCP3805G1ZJ TELANGANA - GSTIN 36AABCP3805G1ZO Further, the details as required under SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated July 11, 2023 with respect to the said Corporate Guarantees, are given in Annexure- I and Annexure- II to this letter. We request you to kindly take the above information on record. Thanking you, Yours faithfully, For Popular Vehicles and Services Limited Varun T.V. Company Secretary & Compliance Officer Membership No: A22044 Place: Kochi www.kuttukaran.in Popular Vehicles and Services Ltd Kuttukaran Centre Mamangalam, Kochi 682025 t 0484 2341134 e cs@popularv.com www.popularvehicles.in CIN L50102KL1983PLC003741 KERALA – GSTIN 32AABCP3805G1ZW TAMIL NADU- GSTIN 33AABCP3805G1ZU KARNATAKA - GSTIN 29AABCP3805G1ZJ TELANGANA - GSTIN 36AABCP3805G1ZO Annexure I Details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023 Particulars Details Name of party for which such guarantees or Popular Mega Motors (India) Private Limited indemnity or surety was given. Whether the promoter/ promoter group/ Popular Mega Motors (India) Private Limited is group companies have any interest in this Wholly Owned Subsidiary of Popular Vehicles and transaction? If yes, nature of interest and Services Limited. details thereof and whether the same is done at “arm’s length”. Mr. Naveen Philip, Managing Director of the Company, is also the Managing Director of Popular Mega Motors (India) Private Limited, and Mr. Jacob Kurian, Independent Director of the Company, serves as an Independent Director of Popular Mega Motors (India) Private Limited. The transaction is done at Arm’s Length basis. Brief details of such guarantee or indemnity or The Company has continued to extend Corporate becoming a surety viz. brief details of Guarantee in favour of State Bank of India in relation agreement entered (if any) including to the renewal of Credit Facility under Electronic significant terms and conditions, including Dealer Funding Scheme up to an amount of amount of guarantee Rs.30,00,00,000/- (Rupees Thirty Crores only). Impact of such guarantees or indemnity or The said guarantees are provided on behalf of the surety on listed entity wholly owned subsidiary of the Company, which are part of the consolidated group. At this point, there is no impact of the said guarantees on the Company, other than disclosure in the Financial Statements. www.kuttukaran.in Popular Vehicles and Services Ltd Kuttukaran Centre Mamangalam, Kochi 682025 t 0484 2341134 e cs@popularv.com www.popularvehicles.in CIN L50102KL1983PLC003741 KERALA – GSTIN 32AABCP3805G1ZW TAMIL NADU- GSTIN 33AABCP3805G1ZU KARNATAKA - GSTIN 29AABCP3805G1ZJ TELANGANA - GSTIN 36AABCP3805G1ZO Annexure II Details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023 Particulars Details Name of party for which such guarantees Popular Autoworks Private Limited or indemnity or surety was given. Whether the promoter/ promoter group/ Popular Autoworks Private Limited is Wholly Owned group companies have any interest in this Subsidiary of Popular Vehicles and Services Limited. transaction? If yes, nature of interest and details thereof and whether the same is Mr. Naveen Philip, Managing Director and Mr. John done at “arm’s length”. Kuttukaran Paul, Whole-time director of the Company, serve as Directors on the board of Popular Autoworks Private Limited . Mr. Francis Kuttukaran Paul, Promoter of the Company, also serve as a Director of Popular Autoworks Private Limited. The transaction is done at Arm’s Length basis. Brief details of such guarantee or The Company has continued to extend Corporate indemnity or becoming a surety viz. brief Guarantee in favor of State Bank of India in relation to details of agreement entered (if any) renewal of Credit Facility under Electronic Dealer including significant terms and Funding Scheme up to an amount of 18,50,00,000/- conditions, including amount of guarantee (Rupees Eighteen Crores Fifty Lakhs only)to Popular Autoworks Private Limited (Wholly Owned Subsidiary). Impact of such guarantees or indemnity or The said guarantees are provided on behalf of the wholly surety on listed entity owned subsidiary of the Company, which are part of the consolidated group. At this point, there is no impact of the said guarantees on the Company, other than disclosure in the Financial Statements. www.kuttukaran.in