Pricol Limited has informed the Exchange regarding re-appointment of Mr.G.Sivagurunathan as Cost Auditor of the company w.e.f. April 01, 2026.
PRICOLLTD · price
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Pricol Limited announced a major leadership transition at its May 14, 2026 Board meeting. Mrs. Vanitha Mohan resigned as Chairman after 35 years with the company (9 years as Chairman), with the Board expressing appreciation for her distinguished service. Mr. Vikram Mohan, previously Managing Director, has been appointed Chairman & Managing Director. Two new executive directors were appointed: Ms. Madhura Mohan (third-generation promoter family member, daughter of Vikram Mohan) and Mr. Siddharth Manoharan. Cost Auditor Mr. G. Sivagurunathan was re-appointed for FY 2026-27. The company also approved an additional corporate guarantee of ₹150 Crores for its wholly-owned subsidiary Pricol Precision Products Private Limited. FY26 financial results showed strong performance with consolidated revenue of ₹3,963.85 Crores, up 51.24% YoY, and PAT of ₹250.80 Crores, up 50.15% YoY. No final dividend was recommended as interim dividend was already paid.
The leadership transition represents a planned succession within the promoter family, with Mr. Vikram Mohan consolidating control as Chairman & Managing Director. The addition of Ms. Madhura Mohan (promoter family) to the board signals continued family involvement in management. Strong FY26 financial results (crossing ₹4,000 Crores milestone) provide a positive backdrop for this transition. The ₹150 Crore additional guarantee for the WOS increases contingent liability exposure but supports subsidiary growth.