Popular Vehicles and Services Limited announced order passed by Assistant Labour Officer Grade I, Palakkad, Kerala. Nature and details of the action(s) taken, initiated or order(s) passed: Show Cause Notice no. OTP-1976/13 dated 31-10-2022 regarding proposed revenue recovery.

Date of receipt: June 28, 2024. Details of the violation: The Building and Other Construction Workers Welfare Cess Act 1996 ­ Pending remittance of INR 116,350 against Cess 1% of assessed construction cost as calculated on May 24, 2022. To avoid revenue recovery, reply to show cause notice has to be submitted within 15 days from the receipt of the notice.

Impact on financial, operation or otheractivities of the listed entity, quantifiable in monetary terms to the extent possible: No impact on operation. Since the building was constructed by the land owner, liability goes to actual building owner. A letter will be initiated to the Assistant Labour Officer, with building permit to re-issue the notice to the owner.