15th Annual General Meeting of the Company will be held through Video Conference on 5th August 2026
PRICOLLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pricol Ltd's Board announced key leadership changes at its meeting on 14th May 2026. Mrs. Vanitha Mohan resigned as Chairman after 35 years with the company, citing desire to contribute to societal welfare. Mr. Vikram Mohan, previously Managing Director, has been appointed as the new Chairman, now designated as Chairman & Managing Director. Two new executive appointments were made - Ms. Madhura Mohan (promoter family member, 25 years old) as Executive Director and Mr. Siddharth Manoharan as Group Executive Director, both subject to shareholder approval at the AGM. The company also reported strong FY26 results with consolidated revenue of ₹3,963.85 Crores, up 51.24% YoY, and PAT of ₹250.80 Crores. Q4 FY26 showed revenue of ₹1,077.90 Crores with 43.34% YoY growth. The Board approved an additional corporate guarantee of ₹150 Crores for its wholly-owned subsidiary Pricol Precision Products Private Limited, taking total exposure to ₹400 Crores. The 15th AGM is scheduled for 5th August 2026 via video conference.
Positive signals include strong financial growth and smooth leadership transition within the promoter family. The resignation of Mrs. Vanitha Mohan after 35 years marks an end of an era, but Mr. Vikram Mohan's appointment as Chairman maintains family control. Shareholders should note two new director appointments requiring AGM approval and the expanded guarantee commitment to the subsidiary.