Press Release

PPooppuullaarr VVeehhiicclleess aanndd SSeerrvviicceess LLttdd KKuuttttuukkaarraann CCeennttrree MMaammaannggaallaamm,, KKoocchhii 668822002255 tt 00448844 22334411113344 ee ccss@@ppooppuullaarrvv..ccoomm wwwwww..ppooppuullaarrvveehhiicclleess..iinn CCIINN LL5500110022KKLL11998833PPLLCC000033774411 KKEERRAALLAA –– GGSSTTIINN 3322AAAABBCCPP33880055GG11ZZWW Ref: PVSL/SEC/60/2026-27 TTAAMMIILL NNAADDUU-- GGSSTTIINN 3333AAAABBCCPP33880055GG11ZZUU KARNATAKA - GSTIN 29AABCP3805G1ZJ Date: 05th October, 2026 TELANGANA - GSTIN 36AABCP3805G1ZO 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, P.J. Towers, Dalal Street, Block G, Bandra Kurla Complex, Mumbai – 400 001. Bandra (East), Mumbai – 400 051. Scrip Code: 544144 NSE Code: PVSL ISIN: INE772T01024 ISIN: INE772T01024 Dear Sir/Madam, Sub: Press Release – Commencement of business operations of the e-commerce marketplace “Yanik” by Zparex Digisolutions Private Limited. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of the press release to be issued regarding the commencement of full-scale commercial operations of the e-commerce marketplace for automotive spare parts “Yanik” (www.yanik.in) by the company’s wholly owned step-down subsidiary Zparex Digisolutions Private Limited. The press release is also available on the website of the company at www.popularvehicles.in Kindly take the same into your records. 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 & Services Limited Commences Full-Scale Commercial Operations of ‘Yanik’, its Digital Spare Parts Platform Mumbai/Kochi, October 5, 2026: Popular Vehicles & Services Limited (NSE: PVSL, BSE: 544144), one of India’s leading fully integrated automotive dealership player, today announced the commencement of full-scale commercial operations of Yanik (www.yanik.in), its e-commerce marketplace for automotive spare parts. Yanik operates under ZPAREX Digisolutions Private Limited, a step-down subsidiary of PVSL’s wholly owned subsidiary, Popular Mega Motors (India) Private Limited. The platform marks an important step in PVSL’s strategy to build a stronger digital and retail parts ecosystem by complementing its established physical spare-parts distribution network with a scalable digital channel. Designed primarily as a B2B marketplace, Yanik connects automotive parts suppliers with customers such as spare-parts dealers and independent garages, enabling them to discover and procure products through a unified digital platform. Yanik currently offers access to 13,000+ verified automotive parts across major categories, including engine components, brake systems, suspension, transmission, gearboxes, electrical parts, and body and interior components. The platform provides customers with a convenient digital interface for sourcing products for vehicle maintenance, repair and performance requirements. PVSL already has an established spare-parts distribution ecosystem serving a diverse customer base. By extending this ecosystem digitally through Yanik, the Company aims to improve product accessibility, widen customer reach and build a more scalable aftermarket business across its network. Commenting on the development, Mr. Naveen Philip Managing Director said, "The commencement of full-scale operations at Yanik marks an important milestone in our strategy of building a comprehensive aftermarket ecosystem. Popular Vehicles has developed a sizeable physical spare-parts distribution network over the years, and Yanik enables us to extend these capabilities digitally and make spare parts more accessible to a wider customer base. We believe the combination of our OEM relationships, distribution capabilities and digital platform can create a scalable and recurring revenue opportunity over the long term." About Popular Vehicles and Services Limited: Popular Vehicles and Services Limited belongs to the diversified Kuttukaran Group, operating multi-brand automobile dealerships in Keralam, Tamil Nadu and Karnataka for the past 70 years and expanded operations into Maharashtra in FY23 & Punjab, Telangana & Andhra Pradesh in FY26. It is one of the leading diversified automotive dealership company in the country with a presence across the automotive retail value chain, including the sale of new passenger, commercial and electric two/three- wheeler vehicles, services and repairs, spare parts distribution, sale of pre-owned passenger vehicles, and facilitation of the sale of third-party financial and insurance products. It operates passenger vehicle dealerships of Maruti Suzuki India Limited, Jaguar Land Rover India Limited, Audi India Limited & commercial vehicle dealership of Tata Motors and Bharat Benz and Ather Energy in electric two-wheeler vehicle space. The Group launched the Company in 1984 as one among the first batch of Dealers appointed by Maruti Suzuki in India. Over the years, the operations have scaled up across seven states. Their extensive network comprises 211 showrooms & sales outlets and booking offices, 31 pre-owned vehicle showrooms and outlets, 173 authorized service centers, 54 retail outlets, and 24 warehouses, & 10 driving schools showcasing their robust presence across significant markets in India. Safe Harbor Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors. For further d etails please contact: Company: Investor Relations Advisors: Popular Vehicles & Services Limited Strategic Growth Advisors Pvt. Ltd. CIN: L50102KL1983PLC003741 CIN: U74140MH2010PTC204285 Mr. Varun T. V. Ms. Neha Shroff / Mr. Vineet Shah CS & Compliance Officer Email id: neha.shroff@sgapl.net / vineet.shah@sgapl.net Email id: cs@popularv.com Tel No: +91 77380 73466 / +91 97688 39349