Popular Vehicles nominee director resigns citing increased workload

Popular Vehicles and Services Limited announced the resignation of Mr. Rakesh Kumar Bhutoria from his position as nominee director. The resignation is effective from the close of business hours on December 8, 2025. The company stated that Mr. Bhutoria cited personal reasons for his departure, specifically an increased workload at BanyanTree.

The departure was communicated to BSE Limited and the National Stock Exchange of India Limited on December 9, 2025, and falls under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no other material reasons for his resignation beyond those stated in his notice.

Mr. Bhutoria expressed his gratitude for the opportunity to work with the board members, promoter family, and management over the past 30 months, contributing to the company's journey as a well-governed, listed entity.