Pricol Limited has informed the Exchange regarding Appointment of Ms.Madhura Mohan as Additional Director and Whole time Director with the designation Executive Director w.e.f. May 14, 2026.
PRICOLLTD · price
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Pricol Limited announced a significant leadership transition at its Board meeting on May 14, 2026. Mrs. Vanitha Mohan resigned as Chairman after 35 years with the company (9 years as Chairman), expressing intent to focus on societal contributions. Mr. Vikram Mohan, previously Managing Director, was appointed as Chairman & Managing Director. Ms. Madhura Mohan, a 25-year-old third-generation promoter family member, was appointed as Additional Director and Executive Director, subject to shareholder approval. Mr. Siddharth Manoharan was also appointed as Group Executive Director. The company reported strong FY26 results with consolidated revenue of ₹3,963.85 crores (up 51.24% YoY) and PAT of ₹250.80 crores. Additionally, the board approved a corporate guarantee of ₹150 crores for its wholly-owned subsidiary Pricol Precision Products Private Limited.
The appointment of a young promoter family member to the board signals a planned generational transition in leadership. Combined with strong financial results and the company's highest market cap milestone, this indicates continuity in governance. The ₹150 crore additional guarantee for the WOS increases contingent liabilities but supports subsidiary growth.