Credit Rating

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: PVSL/SEC/61/2026-27 Date: 06th October, 2026 To, To, BSE Limited (“BSE”), National Stock Exchange of India Limited Corporate Relationship Department, (“NSE”), 2nd Floor, New Trading Ring, “Exchange Plaza”, P.J. Towers, Dalal Street, Plot No. C-1, Block G, Mumbai – 400 001. Bandra Kurla Complex, Bandra (East), Mumbai – 400 051. Scrip Code: 544144 ISIN: INE772T01024 NSE Code: PVSL ISIN: INE772T01024 Dear Sir/Madam, Sub: Intimation regarding Reaffirmation and New Credit Rating of bank facilities of Popular Autoworks Private Limited (PAWL), Wholly Owned Subsidiary of the Company, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we hereby intimate that Care Ratings Limited (Care Edge Ratings), has taken the following rating actions in respect of the bank facilities of our wholly-owned subsidiary company, Popular Autoworks Private Limited: a) Reaffirmed the rating of CARE A-; Stable / CARE A2+ for the long-term / short-term bank facilities on an amount of ₹105.70 Crores (enhanced from ₹95.70 Crores). b) Assigned a new rating of CARE A-; Stable for the long-term bank facilities on an amount of ₹7.50 Crores. c) Reaffirmed the rating of CARE A-; Stable for the long-term bank facilities on an amount of ₹15.50 Crores (enhanced from ₹2.50 Crores). 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 Please note that the upgraded rating of the Subsidiary is also available at https://www.careratings.com/ 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