Pursuant to the Regulation 30 of SEBI (LODR) Regulation, 2015 we wish to inform you that the statutory auditors of Popular Mega Motors (India) Private Limited, Wholly Owned Material Subsidiary of the Company, has tendered their resignation vide latter dated 03rd November, 2026, received by the company on 04th November, 2026.

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/77/2026-27 Date: 04th 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, Subject: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Resignation of Statutory Auditor of Popular Mega Motors (India) Private Limited, Wholly Owned Material Subsidiary of the Company. Pursuant to Regulation 30 read with Sub-para 7 and 7A of Para A, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), we wish to inform you that M/s R.G.N. Price & Co. Chartered Accountants (Firm Registration No. 002785S), Statutory Auditors of Popular Mega Motors (India) Private Limited (“PMMIL”), a Wholly owned Material Subsidiary of Popular Vehicles and Services Limited (“the Company” or “Parent Company”), have tendered their resignation from the position of Statutory Auditor vide their letter dated 03rd November, 2026, received by the Company on 04th November, 2026. Reason for resignation: ‘The resignation is made consequent to the rotation of statutory auditors of Popular Vehicles and Services Limited, which is the holding company of Popular Mega Motors (India) Private Limited, the management of the holding company proposes to align the statutory audit of Popular Mega Motors (India) Private Limited, being a material subsidiary company of the group, with that of the holding company.’ 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 resigning auditors have not raised any concern with respect to the management of the Company. Accordingly, no deliberation by the Audit Committee is required, and disclosure of the Audit Committee’s comments is not applicable in this case. The resignation letter and the detailed reason for resignation in the format specified in SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 are enclosed herewith. The above announcement shall also be available on the website of the Company at www.popularvehicles.in. 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 R.G.N.PRICE& CO CHARTERED ACCOUNTANTS Phone 2312960,2316538 G 234, Panampally Nagar, Email priceco@rgnprice.com Cochin - 682 036. Offices at Chennai, Mumbai, Bengalurr.r, Quilon. Calicut Ref: 44212026 Date : 03. 1l .2026 The Board of Directors, Popular Mega Motors (lndia) Private Limited, Kuttukaran Centre, Mamangalam, Kochi - 682025 Dear Sir. Re: Resignation as statutory auditor This has reference to your letter dated 21.10.2026 that consequent to the rotation of statutory auditors of Popular Vehicles and Services Limited, which is the holding company of Popular Mega Motors (lndia) Private Limited, the management of the holding company proposes to align the statutory audit of Popular Mega Motors (lndia) Private Lirlited, being a material subsidiary company of the group, with that of the holdiltg company. In this circumstance, we hereby resign frorn the office as statutory auditors of Popular Mega Motors (lndia) Private Limited and this may be treated as our letter of resignation. We also enclose herewith Annexure A pursuant to SEBI Circular CIR/CFD/CMD1/1 1412019 dated October I 8. 2019. 'fhanking you, Yours faithfully, ior R.G.l{. PRI(E & t0. [hoilered Aauo+dols 6.SUR[t{DRAl{AIll RAO Irtt.l.l0.022693, tR t{0.0027855 Annexure A 1 Name of the material subsidiary: Popular Mega Motors (lndia) Private Limited Details of the statutory auditor; Name: R.G.N.Price & Co.. Chartered Accountants b. Address: G-234, Panampilly Nagar, Kochi 682036 Phone number:0484-2316538 Email: priceco@rgnprice.com 3. Details of association with the material subsidiary: Date on which the statutory auditor was appointed: 03.08.2023 Date on which the term of the statutory auditor was scheduled to expire: 31.03.2028 c. Prior to resignation, the latest audit report/limited review repofi submitted by the auditor and date of its submission - Audit report dated 18.05.2026 for the year ended 3l.03.2026,limited review report dated 03.08.2026 and 03.11.2026 for the quarter ended 30.06.2026 and for the half year ended 30.09.2026 respectively. 4. Detailed reasons for resignation: Consequent to the rotation of statutory auditors of Popular Vehicles and Services Limited, which is the holding company of Popular Mega Motors (India) Private Limited, the management of the holding company proposes to align the statutory audit of Popular Mega Motors (lndia) Private Limited, being a material sutrsidiary company of the group, with that of the holding company. 5. In case ofany concerns, efforts made by the auditor prior to resignation (including approaching the Audit Committee/Board of Directors along with the date of communication made to the Audit Cornrnittee/Board of Directors): No such concerns 6 In case the information requested by the aLrditol was not provided, then following shall be disclosed: u. llhether the inabiliQ to obtain sulJicient appropriate audit evidence was due to a management-imposed limitation or circumstances beyond the cctntrol of the management. - Not applicable b. Whether the lack of information would have significant impact on the .finoncial statements/results. - Nol applicable ll/hether the auditor has performed alternative procedures to obtain appropriate evidencefor the pttrposes of audit/limited review as laid down in SA 705 (Revised) - Not appticabte d. Whether the lack of inJbrmation was prevalent in the previous reported financial statements/results. Ifyes, onwhat basis the previous audit/limited review reports were issued. - Not applicable 7 Any other facts relevant to the resignation: Nil Declaration l|te hereby confirm that the information given in this leiler and its attachments is correct and complete. We hereby confirm that there is no olher material reason other than those provided aboveJbr res ignation of the.firm.