Pricol Limited has informed the Exchange about Memorandum of Understanding with BOE Varitronix Limited
PRICOLLTD · price
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Pricol Limited has signed a Memorandum of Understanding (MOU) with BOE Varitronix Limited, a Hong Kong-based display technology company, on September 30, 2025. The exclusive collaboration aims to localize optical bonding of LCD/TFT displays in India for two-wheelers, three-wheelers, commercial vehicles, and off-road vehicles. The initial phase covers optical bonding (OCA), with future phases potentially expanding to other backend assembly activities. The partnership is expected to reduce costs, promote local manufacturing, strengthen competitive advantage, and drive innovation in instrument cluster displays. The transaction is not a related party deal, and no financial consideration or share exchange details have been disclosed at this stage.
This exclusive tie-up with a global display technology leader (BOE Varitronix) positions Pricol to benefit from India's growing localization push in automotive displays, potentially improving margins and supply chain control. Positive for long-term growth, though financial impact remains unclear until a definitive agreement is signed.