Board has approved to provide additional Corporate Guarantee(s) of an amount notexceeding ₹150 Crores for any credit facilities to be obtained by Pricol Precision ProductsPrivate Limited (WOS of Pricol Limited), in addition to the existing Corporate Guarantee(s)of ₹250 Crores.
PRICOLLTD · price
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Pricol Limited's Board has approved providing an additional corporate guarantee of up to ₹150 Crores for credit facilities to be obtained by its wholly-owned subsidiary, Pricol Precision Products Private Limited. This is in addition to an existing corporate guarantee of ₹250 Crores, bringing the total potential guarantee exposure to ₹400 Crores. The company stated that at this point, there is no impact other than disclosure as a Contingent Liability in the Financial Statements. The Board also announced several leadership changes including the resignation of Mrs. Vanitha Mohan as Chairman after 35 years, with Mr. Vikram Mohan appointed as Chairman & Managing Director. The company reported strong FY26 consolidated revenue of ₹3,963.85 Crores, a 51.24% growth over FY25, with PAT of ₹250.80 Crores.
The additional guarantee increases contingent liability exposure for Pricol Limited, though it supports the WOS in obtaining credit facilities. This is a routine intra-group financing arrangement but shareholders should note the total ₹400 Crore guarantee ceiling.