Pricol Limited informed the stock exchange about appointment of Mr.Vikram Mohan as the Chairman of the Board.
PRICOLLTD · price
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Pricol Limited's Board meeting on 14th May 2026 resulted in significant leadership changes. Mrs. Vanitha Mohan resigned as Chairman after 35 years with the company (9 years as Chairman) citing her desire to contribute to larger societal good. Mr. Vikram Mohan, previously Managing Director, has been appointed as the new Chairman, now designated as 'Chairman & Managing Director'. Additionally, Ms. Madhura Mohan (25 years, third-generation promoter family member) was appointed as Executive Director, and Mr. Siddharth Manoharan was appointed as Group Executive Director—both appointments are subject to shareholder approval at the ensuing AGM. The board also approved an additional corporate guarantee of ₹150 Crores to its wholly-owned subsidiary Pricol Precision Products Private Limited (in addition to existing ₹250 Crores). The company reported strong FY26 results with consolidated revenue from operations at ₹3,963.85 Crores, a 51.24% growth year-on-year.
The leadership transition represents a smooth generational handover within the promoter family at a time when Pricol is at its highest market cap and delivering strong financial performance. The appointment of family members to key board positions consolidates promoter control. Shareholders should note that two new director appointments require AGM approval and the expanded corporate guarantee to the subsidiary increases contingent liabilities.