POPULAR VEHICLES & SERVICES : CONTINUES CORPORATE GUARANTEE WORTH RS 30 CR FOR SUBSIDIARY

• Continuing corporate guarantee in favor of State Bank of India for a credit facility renewal of ₹30 crore to Popular Mega Motors (India) Private Limited (Wholly Owned Material Subsidiary). • Also continuing corporate guarantee in favor of State Bank of India for a credit facility renewal of ₹18.5 crore to Popular Autoworks Private Limited (Wholly Owned Subsidiary). • Guarantees are provided on behalf of wholly owned subsidiaries, which are part of the consolidated group. Impact: Neutral (Corporate guarantee renewal for wholly owned subsidiaries, disclosure item in financial statements)

Popular Vehicles and Services Ltd

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