Pricol Limited informed the exchange about appointment of Cost Auditor.
PRICOLLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pricol Limited's Board meeting on 14 May 2026 approved multiple items including the 15th AGM on 5 August 2026 and confirmed no final dividend (interim dividend treated as final for FY26). Key leadership changes include the resignation of Mrs. Vanitha Mohan as Chairman after 35 years of service, with Mr. Vikram Mohan (already MD) appointed as Chairman & Managing Director. Two new executive directors were appointed: Ms. Madhura Mohan (promoter family member, third generation) and Mr. Siddharth Manoharan (Group Executive Director), both subject to shareholder approval. The Cost Auditor, Mr. G. Sivagurunathan, was re-appointed for FY27. Additionally, the Board approved a corporate guarantee of up to ₹150 Crores for Pricol Precision Products Private Limited (wholly-owned subsidiary) in addition to the existing ₹250 Crores guarantee. The filing also includes strong FY26 financial results: consolidated revenue of ₹3,963.85 Crores (up 51.24% YoY) and PAT of ₹250.80 Crores (up ~50% YoY).
The promoter family leadership transition with multiple family members entering the board signals a governance shift toward the next generation, which is material for investors tracking ownership and board composition changes. The strong financial performance provides a positive backdrop to this transition.