Pricol Limited has informed the Exchange regarding 'The Board has fixed 5th August 2026 (Wednesday) as the date for 15th Annual GeneralMeeting of the Company, which will be held through Video Conference.'.
PRICOLLTD · price
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Pricol Limited's Board meeting on 14th May 2026 resulted in multiple significant outcomes. Chairman Mrs. Vanitha Mohan resigned after 35 years of service, and Mr. Vikram Mohan (Managing Director) was appointed as Chairman & Managing Director. Two new directors were appointed — Ms. Madhura Mohan (promoter family member) as Executive Director and Mr. Siddharth Manoharan as Group Executive Director — both subject to shareholder approval at the 15th AGM on 5th August 2026. The Board also approved an additional ₹150 Crores corporate guarantee to its wholly-owned subsidiary Pricol Precision Products Private Limited (total exposure now ₹400 Crores). Financially, FY26 consolidated revenue stood at ₹3,963.85 Crores with 51.24% YoY growth, EBITDA of ₹492.91 Crores (47.53% growth), and PAT of ₹250.80 Crores (EPS ₹20.57). Q4 PAT grew 109.06% YoY to ₹73.23 Crores. No final dividend was recommended as the interim dividend already paid will be treated as the final dividend for FY26.
The leadership transition to Vikram Mohan as combined Chairman & MD signals continuity and a clear succession plan, which is positive for governance. Strong 51% revenue growth and doubling of EPS affirms the company's operational strength. However, the ₹150 Cr additional guarantee to the WOS increases contingent liability exposure for the parent company.