Pricol Ltd Approves Scheme of Demerger for DICVS Business
Pricol Limited's Board of Directors has approved a Scheme of Arrangement for the demerger of its Driver Information & Connected Vehicle Solutions (DICVS) Business to a new entity, Pricol Autotech Limited. The DICVS business, which focuses on smart mobility and integrated electronic solutions, reported a turnover of INR 2,424.63 crores for FY26, representing 61.17% of the company's total consolidated turnover. This strategic move aims to create distinct, agile corporate entities for each business segment, allowing them to focus on their respective core activities and market dynamics. The scheme is subject to various statutory and regulatory approvals, including those from stock exchanges and the National Company Law Tribunal.
Key Highlights
- Pricol Ltd approves demerger of its DICVS business to Pricol Autotech Ltd.
- DICVS business generated INR 2,424.63 Cr turnover in FY26, 61.17% of total.
- Demerger aims for focused growth and agile corporate structures.
- Scheme requires approvals from regulatory bodies and shareholders.
- Board meeting held today considered and approved the Scheme of Arrangement.
Price Impact
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