Popular Vehicles and Services (PVSL) — Board Meeting

📢 Key Event
Corrigendum adds statutory auditor appointment disclosures for 42nd AGM

🔄 What Changed
Proposed appointment of MSKA & Associates LLP as auditors for 5-year term; fee change from ₹0.61 crores to lower amount; expanded audit scope to new subsidiary

🔮 What's Next
Appointment effective from conclusion of 42nd AGM until 47th AGM in 2031-32, subject to shareholder approval

💡 Investor Takeaway
The auditor change involves no material fee impact but expands audit coverage, requiring shareholder approval at the upcoming AGM.

The company issued a corrigendum to its AGM notice dated May 26, 2026, adding disclosures about the proposed appointment of MSKA & Associates LLP as statutory auditors for a five-year term starting after the 42nd AGM on August 28, 2026. The outgoing auditor, B S R & Associates LLP, was paid ₹0.61 crores for FY 2025-26. The new auditor will handle additional subsidiary audits, enhancing governance with no material fee change. Shareholders will vote on this resolution at the 42nd AGM.

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About Popular Vehicles and Services Limited (PVSL)

Consumer Services · Retail · Listed on NSE

Market Cap: ₹726.58 Cr ROE: -0.4% ROCE: 8.3%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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