Pricol Limited informed the exchange about appointment of Mr.Siddharth Manoharan as Additional Director and whole-time director with the designation "Group Executive Director".
PRICOLLTD · price
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Pricol Limited announced significant leadership changes at its May 14, 2026 Board meeting. Mrs. Vanitha Mohan resigned as Chairman after 35 years with the company. Mr. Vikram Mohan (previously Managing Director) has been appointed Chairman & Managing Director. Two new appointments were made: Ms. Madhura Mohan (third-generation promoter family member, 25 years old) as Executive Director, and Mr. Siddharth Manoharan (previously Director - Strategy) as Group Executive Director. The company also approved an additional corporate guarantee of ₹150 Crores to its wholly-owned subsidiary Pricol Precision Products Private Limited. FY26 results showed strong performance with consolidated revenue of ₹3,963.85 Crores (51.24% YoY growth) and PAT of ₹250.80 Crores (50.15% YoY growth).
The leadership transition appears smooth with Vikram Mohan taking over from his mother Vanitha Mohan, maintaining promoter family control. The appointment of Ms. Madhura Mohan (promoter family entry) and Mr. Siddharth Manoharan (internal promotion) indicates continuity. Strong FY26 financials showing over 50% revenue growth may support positive investor sentiment despite the governance changes.