Step-down subsidiary begins full-scale commercial operations of automotive spare parts marketplace 'Yanik'

Popular Vehicles' wholly-owned step-down subsidiary, Zparex Digisolutions, has commenced full-scale commercial operations of its automotive spare parts e-commerce marketplace 'Yanik' (www.yanik.in), with effect from October 05, 2026.

Mon 5 Oct 2026

Subsidiary

Zparex Digisolutions Private Limited, wholly-owned step-down subsidiary

Marketplace

automotive spare parts e-commerce marketplace 'Yanik'

Website

www.yanik.in

Effective Date

with effect from October 05, 2026

Operations Status

commenced full-scale commercial operations

What was announced

Popular Vehicles and Services Ltd has informed the stock exchanges that Zparex Digisolutions Private Limited has commenced the full-scale commercial operations of its automotive spare parts e-commerce marketplace, "Yanik" (www.yanik.in), with effect from October 05, 2026.

Zparex Digisolutions is described in the update as a wholly-owned step-down subsidiary of the Company, and the intimation was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What a step-down subsidiary means

• A step-down subsidiary is a company the listed company owns through another subsidiary, rather than holding directly.
• "Wholly-owned" means the group holds the entire stake in it, with no outside shareholders.
• So the marketplace is run within the Popular Vehicles group, through Zparex Digisolutions.

What the marketplace is

• "Yanik" is an e-commerce marketplace for automotive spare parts.
• The company describes the operations as having commenced at full scale.
• The marketplace's website is given as www.yanik.in.

How to read this update

• This is an operational update: a group company has moved into full-scale commercial operations of an online spare parts platform.
• The update sets out the name of the subsidiary, the name and website of the marketplace, and the date operations began.
• It is a business milestone disclosure rather than a financial result, so investors would look at later periodic disclosures from the company for how the venture performs.

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