General Updates

PPooppuullaarr VVeehhiicclleess aanndd SSeerrvviicceess Ltd KLuttdt ukaran Centre MKaumtatnugkaalraamn, CKeoncthrie 682025 tM a0m4a8n4g a2l3a4m1,1 3K4o chi 682025 eT c0s4@8p4o p2u3l4a1r1v3.4c,o m2 340143 wwwwww..ppooppuullaarrvmeahriuctlie.sc.oimn Email: cs@popularv.com CIN L50102KL1983PLC003741 CKIENR ALL5A0 1–0 2GKSLT1I9N8 33P2LACA0B0C3P734810 5G12W KTEARMAILLA N–A DGUS-T IGNS T3I2NA ABCP3805G1ZW T3A3MAIALB CNPA3D8U0-5 GG1SZTUI N 33AABCP3805G1ZU KARNATAKA - GSTIN 29AABCP3805G1ZJ TELANGANA - GSTIN 36AABCP3805G1ZO Ref: PVSL/SEC/35/2026-27 Date: 17th July, 2026 To, To, BSE Limited (“BSE”), National Stock Exchange of Corporate Relationship India Limited (“NSE”), Department, “Exchange Plaza”, 2nd Floor, New Trading Ring, Plot No. C-1, Block G, P.J. Towers, Dalal Street, Bandra Kurla Complex, Bandra Mumbai – 400 001. (East), Mumbai – 400 051. Scrip Code: 544144 NSE Code: PVSL ISIN: INE772T01024 ISIN: INE772T01024 Dear Sir/Madam, Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In accordance with the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information in terms of Regulation 8 of the SEBI (Prohibition of Insider Trading) Regulations, 2015, the company is providing a business update for the Quarter ended June 30, 2026. Business Update: Key Highlights Note: Honda and Piaggio volumes and revenue were accounted for only until August 2025 and have been excluded from the calculations in the table below. Audi volume and revenue were accounted from Q4FY26 onwards and included in the calculations in the table below. www.kuttukaran.in PPooppuullaarr VVeehhiicclleess aanndd SSeerrvviicceess Ltd KLuttdt ukaran Centre MKaumtatnugkaalraamn, CKeoncthrie 682025 tM a0m4a8n4g a2l3a4m1,1 3K4o chi 682025 eT c0s4@8p4o p2u3l4a1r1v3.4c,o m2 340143 wwwwww..ppooppuullaarrvmeahriuctlie.sc.oimn Email: cs@popularv.com CIN L50102KL1983PLC003741 CKIENR ALL5A0 1–0 2GKSLT1I9N8 33P2LACA0B0C3P734810 5G12W KTEARMAILLA N–A DGUS-T IGNS T3I2NA ABCP3805G1ZW T3A3MAIALB CNPA3D8U0-5 GG1SZTUI N 33AABCP3805G1ZU KARNATAKA - GSTIN 29AABCP3805G1ZJ TELANGANA - GSTIN 36AABCP3805G1ZO Particulars Organic Q1FY27 (Approx. YoY Growth In %) Growth Total Revenue from 53% 33% Operations PV (excluding luxury) 72% 49% Luxury PV 42% 21% CV 37% 22% EV, Spare parts 39% 13% distribution Particulars Organic Q1FY27 (Approx. YoY Growth In %) Growth New Vehicle Volume Sales 91% 58%  Commentary On Business Performance: o Q1 FY27 recorded broad-based YoY growth in new vehicle volumes, supported by improving customer sentiment and the GST reforms announced in September 2025, particularly in the entry-level vehicle segment. o New vehicle inventory days improved to ~33 days from ~50 days a year ago, remaining close to the industry average. Absolute inventory grew a modest ~7% YoY, significantly lower than revenue growth, reflecting disciplined inventory management despite network expansion. o Pre-festive footfalls have been encouraging across all segments, reflecting early momentum and strong customer interest ahead of the festive season. o As part of the festive season preparedness, the company typically ramps up inventory during Q1, resulting in a sequential increase in inventory levels. o Debt levels increased YoY, primarily on account of acquisitions and network expansion. o Overall service volumes increased marginally on a YoY basis. o Demand in the EV-2W segment remained strong, with the Company's product portfolio continuing to gain customer acceptance. www.kuttukaran.in PPooppuullaarr VVeehhiicclleess aanndd SSeerrvviicceess Ltd KLuttdt ukaran Centre MKaumtatnugkaalraamn, CKeoncthrie 682025 tM a0m4a8n4g a2l3a4m1,1 3K4o chi 682025 eT c0s4@8p4o p2u3l4a1r1v3.4c,o m2 340143 wwwwww..ppooppuullaarrvmeahriuctlie.sc.oimn Email: cs@popularv.com CIN L50102KL1983PLC003741 CKIENR ALL5A0 1–0 2GKSLT1I9N8 33P2LACA0B0C3P734810 5G12W KTEARMAILLA N–A DGUS-T IGNS T3I2NA ABCP3805G1ZW T3A3MAIALB CNPA3D8U0-5 GG1SZTUI N 33AABCP3805G1ZU KARNATAKA - GSTIN 29AABCP3805G1ZJ TELANGANA - GSTIN 36AABCP3805G1ZO o Acquisitions & Expansion Performance: New vehicle sales continue to gain momentum, while service volumes are gradually recovering from the subdued levels inherited at the time of the acquisitions. The return to normalized operating levels is expected to take some time. o Acquisition-related Ind AS adjustments continued to impact profitability; however, the acquired businesses are approaching breakeven.  Network Expansion: o Yanik – the e-commerce platform of Zparex Digisolutions Private Limited, a wholly owned subsidiary of the Company, went live during the quarter for the spare parts and accessories business. o Started operations at the following touchpoints:  MSIL – 1 Service Center at Kolenchery, Keralam.  Tata Motors CV – 1 Sales outlet each at Perumbavoor and Kazhakootam, Keralam.  JLR – 1 Sales & Service Facility at Nagpur, Maharashtra.  Recent Awards & Recognition: o Popular Mega Motors (India) Pvt Ltd (PMMIL) was conferred four awards at the Tata Motors National Dealer Conference held at Goa:  Highest Market Share Growth — CV Passenger  Highest Market Share Growth — SCV Cargo (ACE)  Highest Sales — Tata Winger  Spare Parts Process Excellence Note: The Quarterly Business Update is on a Consolidated basis. The financial results of Q1FY27 is subject to review by Auditors. 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