Intimation of credit rating of wholly owned subsidiary Popular Mega Motors (India) Private Limited.

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/73/2026-27 Date: 02nd November, 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 regarding Reaffirmation of credit rating of the wholly owned subsidiary Popular Mega Motors (India) Private Limited 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 CRISIL Ratings Limited, vide its intimation dated 02nd November, 2026 has: a) Reaffirmed the credit rating of the wholly owned subsidiary Popular Mega Motors (India) Private Limited as the long term rating of CRISIL A/Stable and the short-term rating of CRISIL A1, to remain valid till 31st March, 2027. The amount of Bank Loan facilities of the rated remains ₹235.55 Crore. Please note that the rating of the Company is also available in the below cited Link: https://www.crisilratings.com/en/home/our-business/ratings/company-factsheet.PLMTL.html 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 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