Pricol Limited informed the exchange about providing of additional corporate guarantee to Pricol Precision Products Private Limited
PRICOLLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pricol Limited's Board meeting on 14th May 2026 approved an additional corporate guarantee of up to ₹150 Crores for its wholly-owned subsidiary Pricol Precision Products Private Limited, bringing total guarantee exposure to ₹400 Crores. The company also announced significant leadership changes: Mrs. Vanitha Mohan stepped down as Chairman after 35 years and was succeeded by Managing Director Mr. Vikram Mohan who now holds the combined role of Chairman & Managing Director. Two new directors from the promoter family and senior management were also appointed. The filing included strong FY26 financial results showing consolidated revenue of ₹3,963.85 Crores with 51.24% YoY growth and PAT of ₹250.80 Crores (50.15% growth), surpassing the ₹4,000 crore milestone. No final dividend was recommended as interim dividend was treated as final.
The leadership transition marks a generational shift with Vikram Mohan taking charge at the company's peak market cap, signalling continuity in strategy. The expanded corporate guarantee to the WOS increases contingent liability exposure but supports subsidiary growth. Strong 51% revenue growth and doubled EPS demonstrates operational outperformance, which is positive for the stock.