Popular Vehicles Shareholders Approve Murali Narayanan's Appointment as Independent Director
Popular Vehicles and Services Limited announced that its shareholders have approved the appointment of Mr. Murali Narayanan as an Independent Director through a postal ballot. The remote e-voting proc...
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Why is Popular Vehicles and Services Limited in the news today?
Popular Vehicles and Services Limited (PVSL) is in the news due to the appointment of a new independent director with overwhelming shareholder support is a positive development for the company's governance.
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Popular Vehicles Shareholders Approve Murali Narayanan's Appointment as Independent Director
December 31, 2025, 09:55 AM
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Popular Vehicles and Services Limited announced that its shareholders have approved the appointment of Mr. Murali Narayanan as an Independent Director through a postal ballot. The remote e-voting process for this resolution concluded on December 29, 2025, at 5:00 p.m. IST.
The Scrutinizer's Report, dated December 30, 2025, confirmed that the Special Resolution to appoint Mr. Narayanan (DIN: 11356917) was duly passed by the members. The voting results, submitted as per SEBI regulations, showed overwhelming support for the resolution.
Out of the total votes polled, 57,642,768 votes were cast in favour of the resolution, representing 99.9945% of the votes. Only 2,434 votes were cast against the resolution, representing 0.005%. The resolution passed as a Special Resolution because the votes in favour were more than three times the votes against.
The remote e-voting period commenced on November 30, 2025, and concluded on December 29, 2025. The voting results and the Scrutinizer's Report are available on the company's website, www.popularmaruti.com, and the Registrar and Transfer Agent's website.
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