Pricol Ltd

Pricol Ltd has announced that its Board of Directors will convene on July 30, 2026. The primary agenda for this meeting is to consider and approve the unaudited financial results for the quarter ended June 30, 2026. Both standalone and consolidated results will be reviewed during the meeting, adhering to SEBI regulations.

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.

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.

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 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, market dynamics, and capital allocation strategies. The scheme is subject to various statutory and regulatory approvals, including from stock exchanges and the National Company Law Tribunal.

Pricol Ltd has announced the closure of its trading window from Wednesday, July 1, 2026, until 48 hours after the declaration of its unaudited financial results for the quarter ended June 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct. The company has also updated the National Securities Depository Limited (NSDL) portal to restrict trading by designated persons and their immediate relatives. The exact date for the Board Meeting to declare these financial results will be communicated later.

Pricol Limited has informed the exchange about providing an additional corporate guarantee to Pricol Precision Products Private Limited. The Board of Directors approved an additional corporate guarantee of up to ₹150 Crores for credit facilities to be obtained by Pricol Precision Products Private Limited, a wholly-owned subsidiary, in addition to the existing guarantee of ₹250 Crores. The board also approved the re-appointment of Cost Auditor Mr.G.Sivagurunathan for FY 2026-27.

Pricol Limited announced the appointment of Ms. Madhura Mohan as an Additional Director and Whole-time Director, designated as "Executive Director," effective May 14, 2026. This decision was made during the Board of Directors meeting held on the same date. Additionally, Mr. Vikram Mohan was appointed as Chairman & Managing Director, and Mr. Siddharth Manoharan was appointed as Group Executive Director. The board also approved re-appointment of Cost Auditor and additional Corporate Guarantee of ₹150 Crores for Pricol Precision Products Private Limited.

Pricol Limited has appointed Mr. Siddharth Manoharan as an Additional Director and Whole-time Director with the designation of "Group Executive Director", effective May 14, 2026. This appointment was made based on the recommendations of the Nomination and Remuneration Committee and will be placed for shareholder approval at the upcoming Annual General Meeting. The board also approved the appointment of Mr. Vikram Mohan as Chairman and Ms. Madhura Mohan as Executive Director, and accepted the resignation of Mrs. Vanitha Mohan as Chairman.

Pricol Limited has re-appointed Mr. G.Sivagurunathan, Cost Accountant, as the Cost Auditor for the financial year 2026-27. This decision was made during the Board of Directors meeting held on May 14, 2026, where other key decisions were also approved, including the appointment of Mr.Vikram Mohan as Chairman & Managing Director, and Ms.Madhura Mohan and Mr.Siddharth Manoharan as Executive Directors.

Pricol Ltd's board has fixed July 29, 2026, as the cut-off date to determine shareholders eligible to vote via e-voting at the Annual General Meeting (AGM). The 15th AGM is scheduled for August 5, 2026, via video conference. The interim dividend paid during the year will be considered as the final dividend for FY 2025-26. Mrs. Vanitha Mohan resigned as Chairman, and Mr. Vikram Mohan was appointed as Chairman & Managing Director. Ms. Madhura Mohan and Mr. Siddharth Manoharan were appointed as Executive Director and Group Executive Director, respectively. Mr. G. Sivagurunathan was re-appointed as Cost Auditor for FY 2026-27. The board approved additional corporate guarantees of up to ₹150 Crores for Pricol Precision Products Private Limited.