Pricol Limited has informed the Exchange about Resignation of Director/KMP/SMP
PRICOLLTD · price
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Vanitha Mohan has resigned as Chairman and Director of Pricol Limited after 35 years with the company, including 9 years as Chairman. She is stepping down during the company's 50th anniversary and at a time when the company is at its highest market cap. The resignation is stated to be for personal reasons to contribute to society. Mr. Vikram Mohan, currently Managing Director and her son, will take over as Chairman. Additionally, Ms. Madhura Mohan (third-generation promoter family member) and Mr. Siddharth Manoharan have been appointed as Group Executive Directors on the board.
This is a planned leadership transition within the promoter family during a strong financial period. Shareholders may view this positively as Vikram Mohan takes the helm with proven experience, and the board is strengthened with family succession and professional management.