Pricol board approves demerger of DICVS business into Pricol Autotech
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Pricol Limited board has approved a scheme to demerge its Driver Information and Connected Vehicle Solutions (DICVS) business into Pricol Autotech Limited. DICVS had a turnover of about INR 2,424.63 crores, roughly 61 percent of Pricol's consolidated turnover for FY26. Shareholders will get 1 equity share of Pricol Autotech for every 1 share held in Pricol Limited. No cash consideration. Both entities will remain listed. Pricol keeps the ACFMS and Precision Products businesses. Scheme needs NCLT, stock exchange and shareholder approvals.
Shareholders retain ownership in both listed entities post-demerger; aims to unlock value through sharper focus and independent capital allocation.