Popular Vehicles and Services Limited announced that it has received notice from Kottayam Municipality, Kerala State. Nature and details of the action(s) taken, initiated or order(s) passed: Notice no. KH/05/06/2024 dated June 28, 2024 served by Kottayam Municipality based on Rule 20 read with sections 444, 447, 448, 456 and 469 of Kerala Municipality Act 1994.

Details: Non- renewal of municipality license for the financial year 2023-24. Late fee amounting to INR 93,750 and penalty amounting to INR 2,000 to be remitted to Kottayam Municipality in addition to the regular fees of INR 15,000 and CF charge of INR 10. No impact on the operations of the Company subsequent to the above mentioned remittance and release of relevant license.