Pricol Limited informed the exchange about appointment of Ms.Madhura Mohan as Additional Director and whole-time director with the designation "Executive Director"
PRICOLLTD · price
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Pricol Limited's Board meeting on May 14, 2026 announced significant leadership changes. Mrs. Vanitha Mohan resigned as Chairman after 35 years with the company, and Mr. Vikram Mohan (Managing Director) was appointed as Chairman, now designated as Chairman & Managing Director. Ms. Madhura Mohan, a third-generation member of the promoter family, was appointed as Executive Director. Mr. Siddharth Manoharan was appointed as Group Executive Director. The company also reported strong FY26 financials with revenue of ₹3,963.85 Crores, up 51.24% YoY, and PAT of ₹250.80 Crores. Additionally, the board approved an additional corporate guarantee of ₹150 Crores for its wholly-owned subsidiary Pricol Precision Products Private Limited.
The leadership transition from Vanitha Mohan to Vikram Mohan appears orderly and within the promoter family. The appointment of Ms. Madhura Mohan (25 years old) brings a third-generation family member to the board, signaling succession planning. Strong financial results with over 51% revenue growth provide positive context for these changes.