Pricol Limited has informed the Exchange regarding Outcome of Board Meeting - Other Subjects, held on May 14, 2026.
PRICOLLTD · price
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Pricol Limited's Board meeting on May 14, 2026 approved several key items including a leadership transition where Mrs. Vanitha Mohan resigned as Chairman after 35 years of service. Mr. Vikram Mohan, Managing Director, has been appointed as Chairman & Managing Director. Ms. Madhura Mohan (promoter family member) and Mr. Siddharth Manoharan were appointed as Executive Director and Group Executive Director respectively, subject to shareholder approval. The company also reported strong FY26 results with consolidated revenue of ₹3,963.85 Crores, up 51.24% YoY, and PAT of ₹250.80 Crores. The interim dividend will be treated as the final dividend for FY25-26. Additionally, the Board approved an additional corporate guarantee of ₹150 Crores for Pricol Precision Products Private Limited (wholly-owned subsidiary), in addition to existing guarantees of ₹250 Crores.
The leadership transition to Vikram Mohan as Chairman & MD appears smooth and signals continuity in management. Strong 51% revenue growth in FY26 is positive for shareholders. The ₹150 Crore additional guarantee to the WOS increases contingent liability exposure for the parent company.