Popular Vehicles and Services Limited — Resignation

Popular Vehicles and Services Limited has announced the resignation of B S R & Co as the statutory auditor of its material subsidiary, effective November 11, 2026. The company stated that the resignation is not linked to any disagreement with management and that it has already initiated the process to appoint a new auditor.

This development is a routine corporate governance update and does not indicate any financial irregularities or operational issues. For investors, it is a neutral piece of information that signals standard administrative changes within the group's structure.

Investors should monitor the company's future filings to confirm the appointment of the new statutory auditor. This ensures that the subsidiary's audit process continues smoothly without any disruption to financial reporting.