AI assistant
Pricol Limited Board/Management Information 2026
62089_rns_2026-05-14_8fa3aeff-32d9-4b94-83a1-19bb13f9b36a.pdf
Board/Management Information
Open in viewerOpens in your device viewer
pricol
PRICOL LIMITED
Passion to Excel
109, Race Course, Coimbatore-641 018, India
+91 422 433 6000
pricol.com
CIN: L34200TZ2011PLC022194
CUSTOMERS EMPLOYEES SHAREHOLDERS SUPPLIERS
PL/SEC/TGT/2026-2027/030
Thursday, 14th May 2026
| Listing Department National Stock Exchange of India Limited “Exchange Plaza”, C-1, Block G Bandra-Kurla Complex, Bandra (E), Mumbai - 400051 | Corporate Relationship Department BSE Limited 1st Floor, New Trading Ring Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai 400 001 |
|---|---|
| Scrip Code: PRICOLLTD | Scrip Code: 540293 |
Dear Sirs,
Sub: 1) Outcome of Board Meeting held on 14th May 2026 – Other subjects
2) Press Release
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR"), we would like to inform you that the Board of Directors of the Company at their meeting held today, 14th May, 2026 (Started at 2.00 p.m. and ended at 05.00 p.m.) has approved the following:
- Annual General Meeting
The Board has fixed 5th August 2026 (Wednesday) as the date for 15th Annual General Meeting of the Company, which will be held through Video Conference.
- E-voting Cut-off date
The Board has fixed 29th July 2026 (Wednesday) as the cut-off date to identify the shareholders eligible to vote by E-voting at AGM.
- Dividend
The interim dividend paid during the year shall be treated as the dividend for FY 2025-2026 and accordingly no final dividend is recommended by the Board.
- Resignation of Mrs. Vanitha Mohan, Chairman
Mrs. Vanitha Mohan (DIN: 00002168), Chairman of the Company has resigned from the Board of Directors with effect from 14th May 2026. Mrs. Vanitha Mohan has also confirmed that there are no reasons for her resignation, other than the reasons stated in her resignation letter which is enclosed as Annexure A.
ISO 14001 BUREAU VERITAS Certification 7828
BUREAU VERITAS 1828
BUREAU VERITAS Certification 1884
pricol
PRICOL LIMITED
Passion to Excel
109, Race Course, Coimbatore-641 018, India
+91 422 433 6000
pricol.com
CIN: L34200TZ2011PLC022194
CUSTOMERS EMPLOYEES SHAREHOLDERS SUPPLIERS
5. Appointment of Mr. Vikram Mohan, Managing Director as Chairman of the Board
Mr. Vikram Mohan, Managing Director was appointed as the Chairman of the Board of Directors with effect from 14th May 2026. With the said appointment, his designation is “Chairman & Managing Director”.
6. Appointment of Ms. Madhura Mohan (DIN: 08536751) as an Executive Director
Ms. Madhura Mohan was appointed as an additional Director of the Company with effect from 14th May 2026. The Board has also appointed Ms. Madhura Mohan as Whole-time Director with the designation “Executive Director”, based on the recommendations of Nomination and Remuneration Committee and Audit Committee and the said appointment will be placed for approval of shareholders at the ensuing Annual General Meeting. Ms. Madhura Mohan is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.
7. Appointment of Mr. Siddharth Manoharan (DIN: 08457275) as a Group Executive Director
Mr. Siddharth Manoharan was appointed as an additional Director of the Company with effect from 14th May 2026. The Board has also appointed Mr. Siddharth Manoharan as Whole-time Director with the designation “Group Executive Director”, based on the recommendations of Nomination and Remuneration Committee and the said appointment will be placed for approval of shareholders at the ensuing Annual General Meeting. Mr. Siddharth Manoharan is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.
8. Re-Appointment of Cost Auditor
The Board has re-appointed Mr. G. Sivagurunathan, Cost Accountant (ICWAI Registration No: 23127), as Cost Auditor of the Company to conduct an Audit of the Cost Accounts for the financial year 2026-27.
9. Corporate Guarantee to Pricol Precision Products Private Limited
Board has approved to provide additional Corporate Guarantee(s) of an amount not exceeding ₹150 Crores for any credit facilities to be obtained by Pricol Precision Products Private Limited (WOS of Pricol Limited), in addition to the existing Corporate Guarantee(s) of ₹250 Crores.
Details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 with respect to change of directors, re-appointment of Cost Auditor and Corporate Guarantee is attached as Annexure B.
ISO 9001 BUREAU VERITAS Certification 7828
BUREAU VERITAS 1828
MST 16001 BUREAU VERITAS Certification
BUREAU VERITAS 28 1828
pricol
PRICOL LIMITED
Passion to Excel
109, Race Course, Coimbatore-641 018, India
+91 422 433 6000
pricol.com
CIN: L34200TZ2011PLC022194
CUSTOMERS EMPLOYEES SHAREHOLDERS SUPPLIERS
Press Release
We are also enclosing herewith press release in respect of the Audited Financial Results for the quarter and year ended 31st March 2026 as Annexure C.
Investor Conference Call
As informed vide our letter dated 5th May 2026 (Annexure D), an Investor Conference call is scheduled on Friday, 15th May 2026 at 04:00 PM (IST).
This is for your information and records.
Thanking you
Yours faithfully,
For Pricol limited
TG Digitally signed by T
THAMIZHANBAN
Date: 2026.05.14
AN 19:23:26 +05'30'
T.G.Thamizhanban
Company Secretary
ICSI M.No: F7897
Encl: As above
ISO 14001 BUREAU VERITAS Certification
ISO 9001 BUREAU VERITAS 1828
OHSAS 18001 BUREAU VERITAS Certification
OHSAS 18001
Annexure A
pricol
Vanitha Mohan
Chairman
PRICOL LIMITED
Passion to Excel
109, Race Course,
Coimbatore 641 018, India
+91 422 4336000 [email protected]
pricol.com
14th May 2026
CIN: L34200TZ2011PLC022194
CUSTOMERS EMPLOYEES SHAREHOLDERS SUPPLIERS
To
The Board of Directors
Pricol Limited
109, Race Course,
Coimbatore – 641018
Subject: Resignation from the position of Chairman and Director
Dear Members of the Board,
Greetings of wellness & prosperity!
After 35 memorable years with Pricol - more importantly as Chairman for the last 9 years - and as our company celebrates its golden 50th year, I wish to step down as Chairman and Director and hand over the baton to the Managing Director Mr Vikram Mohan.
I am very happy to see that, at this juncture, the company is at its highest market cap and an impressive growth trajectory. I would now like to contribute my remaining productive years for the larger good of society to enhance human lives.
I know Mr.Vikram Mohan has your trust and your unstinted support beside him. Under his leadership and with all of you to guide him, I am certain Pricol will scale even higher peaks.
I request the Board to kindly take note of my resignation and arrange to file the necessary forms and intimations with the concerned statutory authorities.
I hereby confirm that there is no reason other than those mentioned in this letter for my resignation from the Board of Pricol Limited.
Wishing the company and my successors all success with the grace and blessings of the Almighty God.
Warm regards,
Vanitha Mohan
Vanitha Mohan
DIN: 00002168
pricol
PRICOL LIMITED
Passion to Excel
109, Race Course, Coimbatore-641 018, India
+91 422 433 6000
pricol.com
CIN: L34200TZ2011PLC022194
CUSTOMERS EMPLOYEES SHAREHOLDERS SUPPLIERS
Annexure B
A) Change in Directors
| | Mrs.Vanitha Mohan
(DIN: 00002168) | Mr.Vikram Mohan
(DIN: 00089968) |
| --- | --- | --- |
| Reason for change | Resignation | Appointment |
| Date of appointment/cessation & term of appointment | Resignation shall be effective from 14th May 2026. | Appointment as Chairman of the Company with effect from 14th May 2026. With the said appointment, his designation is “Chairman & Managing Director”. |
| Brief profile | Not Applicable | Mr. Vikram Mohan, 50 years of age, holds a Bachelors Degree in Production Engineering with Honours from PSG College of Technology, Coimbatore. He is having 30 years of experience in the Auto Component and various other industries. |
| Disclosure of relationships between directors | Not Applicable | Mr.Vikram Mohan is related to Mrs.Vanitha Mohan and Ms.Madhura Mohan. |
| | Ms.Madhura Mohan
(DIN: 08536751) | Mr.Siddharth Manoharan
(DIN:08457275) |
| --- | --- | --- |
| Reason for change | Appointment | Appointment |
| Date of appointment & term of appointment | Appointed as Additional Director and Whole time Director with the designation “Executive Director” with effect from 14th May 2026, subject to the approval of Shareholders. | Appointed as Additional Director and Whole time Director with the designation “Group Executive Director” with effect from 14th May 2026, subject to the approval of Shareholders. |
| Brief profile | Ms.Madhura Mohan, 25 years of age, holds a Bachelor of Science (Honours) degree in Business and Management from Brunel University, London. She is a third-generation member of the promoter family and has been actively associated with the Company since September 2023. She has been actively involved in managerial role, with a particular focus on strengthening customer relationships – both in domestic and international markets—and contributing to the Company’s Environmental, Social and Governance (ESG) initiatives | Mr.Siddharth Manoharan, 35 years of age, holds a Bachelor’s degree in Engineering in Electronics and Communication from PSG College of Technology, Coimbatore and a dual MBA from Fudan School of Management and MIT Sloan School of Management. Over the past nine years with the Pricol Group, he has played a key role in driving growth strategies, leading mergers and acquisitions, and forging strategic partnerships that have contributed significantly to the expansion and market positioning. |
| Disclosure of relationships between directors | Ms.Madhura Mohan is related to Mr.Vikram Mohan and Mrs.Vanitha Mohan. | NIL |
ISO 9001 BUREAU VERITAS Certification
BUREAU VERITAS 1828
BUREAU VERITAS 1884
MCT 10045 BUREAU VERITAS Certification
pricol
PRICOL LIMITED
Passion to Excel
109, Race Course, Coimbatore-641 018, India
+91 422 433 6000
pricol.com
CIN: L34200TZ2011PLC022194
CUSTOMERS EMPLOYEES SHAREHOLDERS SUPPLIERS
B) Appointment of Auditor:
| | Mr. G.Sivagurunathan
(Cost Auditor) |
| --- | --- |
| Reason for change | Re-appointment |
| Date of appointment & term of appointment | Re-appointment is for a period of 1 year (Financial year 2026-27) |
| Brief profile | Mr.Sivagurunathan is a Fellow Cost Accountant (ICWAI Registration No.23127), who also holds bachelor’s degree in business administration. He has 23 years of experience in the field of Cost Audit.
Mr. Sivagurunathan undertakes Cost Audits, GST Audits and Internal Audits across various industries. He serves as Cost Auditor for companies in the textile industry, engineering industry, electricity industry and automobiles industry which also includes listed companies. |
C) Corporate Guarantee:
| Particulars | Details |
|---|---|
| Name of party for which such guarantees or indemnity or surety was given | Pricol Precision Products Private Limited, a Wholly Owned Subsidiary of the Company. |
| Whether the promoter/ promoter group/ group companies have any interest in this transaction? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”; | Promoter/promoter group is interested only to the extent of their shareholding in Pricol Limited. |
The guarantee will be provided by the Company to the credit facilities to be obtained by Pricol Precision Products Private Limited. |
| Brief details of such guarantee or indemnity or becoming a surety viz. brief details of agreement entered (if any) including significant terms and conditions, including amount of guarantee; | The Corporate Guarantee amount shall not exceed ₹150 Crores, in addition to the existing Corporate Guarantee(s) of ₹250 Crores. |
| Impact of such guarantees or indemnity or surety on listed entity | This guarantee has been provided on behalf of a Wholly Owned Subsidiary of the Company which is part of the consolidated group. At this point, there is no impact of this guarantee on the Company other than disclosure in the Financial Statements as a Contingent Liability. |
ISO 14001 BUREAU VERITAS Certification
BUREAU VERITAS 1828
BUREAU VERITAS 1868
MST 16046 BUREAU VERITAS Certification
BUREAU VERITAS 1828
Annexure C
Media Release
pricol
PRICOL REPORTS FY26 CONSOLIDATED REVENUE FROM OPERATIONS OF INR 3,963.85 Crores WITH A 51.24% GROWTH COMPARED TO FY25.
May 14th 2026: Pricol Limited. {BSE: 540293 & NSE: PRICOLLTD}, one of India's leading auto component manufacturers, announces its results for the fourth quarter and financial year 2025-26.
Q4-FY26 Consolidated Financial Performance:
| Revenue From Operations | EBITDA | EBITDA | PAT | Earnings Per Share (EPS) – Basic & Diluted |
|---|---|---|---|---|
| Q4-FY26: INR | Q4-FY26: | Margin | Q4-FY26: | INR 6.00 |
| 1,077.90 Crores | INR 143.28 Crores | Q4-FY26: | INR 73.23 Crores | YoY Growth: 109.06% |
| YoY Growth: 43.34% | YoY Growth: 62.27% | 13.29% |
FY26 Consolidated Financial Performance:
| Revenue From Operations | EBITDA | EBITDA | PAT | Earnings Per Share (EPS) – Basic & Diluted |
|---|---|---|---|---|
| FY26: INR | FY26: | Margin | FY26: | INR 20.57 |
| 3,963.85 Crores | INR 492.91 Crores | FY26: 12.44% | INR 250.80 Crores | YoY Growth: 50.15% |
| YoY Growth: 51.24% | YoY Growth: 47.53% |
FY26 Business Highlights:
- Award received under the category "Excellence in New Model Cost & Development Award" at Honda Annual Supplier Convention 2026.
Management Comments:
Commenting on the Company's performance, Mr. Vikram Mohan, Chairman & Managing Director, said: FY26 was a defining year for the global automotive industry, marked by supply chain disruptions, geopolitical trade tensions, and continued market volatility. Despite these challenges, Pricol demonstrated strong resilience, agility, and execution excellence, enabling us to outperform the market and achieve the significant milestone of ₹4,000 crores in total income through a balanced mix of organic and inorganic growth, as outlined in our strategic commitment for FY26.
Continued investments in engineering, localisation, operational excellence, and technology-driven mobility solutions have further strengthened our position as a trusted global Tier-1 automotive component manufacturer.
The recognitions and milestones achieved during the year reflect the dedication of our teams and reinforce our commitment to building a globally competitive and technology-led organisation.
Media Release
pricol
Going forward, the Company continues to closely monitor evolving global geopolitical developments, which have resulted in currency volatility, elevated commodity prices, and higher freight costs. These factors may exert pressure on demand and overall cost structures, thereby impacting profitability across the industry. Additionally, ongoing expansion initiatives and rising construction costs could influence planned capital outlay. Despite these external headwinds, the management remains focused on mitigating risks through operational efficiencies, disciplined cost management, and strategic planning. Pricol continues to remain committed to its core priorities of product development, technology advancement, and operational excellence, which will continue to form the foundation of the Company's long-term growth strategy.
Board Leadership Transition:
Pricol Limited announced a leadership transition during the quarter, with Mrs. Vanitha Mohan stepping down as Chairman after decades of distinguished service to the organisation. The Board placed on record its deep appreciation for her leadership and contribution towards shaping Pricol's growth journey and values-driven culture. The Board has appointed Mr. Vikram Mohan as Chairman & Managing Director of Pricol Limited. Over the years, Mr. Vikram Mohan has played a key role in strengthening the company's business fundamentals, driving operational excellence, expanding global partnerships, and building a future-ready organisation focused on innovation, agility, and long-term value creation. Under his leadership, Pricol will continue to focus on strengthening its position as a leading mobility technology company.
Financial Statements:
Results for the quarter and year ended March 31, 2026, prepared under Ind AS, are available in the Investor Relations section of our website https://www.pricol.com/
Quarterly Conference Call:
The earnings conference call will be held on Friday, May 15, 2026 at 04:00 PM (IST) to discuss the Financial Results and performance of the company for the quarter ended March 31, 2026.
The earnings conference call will be accessible from all networks and countries through universal access dial-ins +91 22 6280 1341 / +91 22 7115 8242 also accessible at: Diamond Pass Registration
Further, the analyst(s)/institutional investor(s) presentation will be submitted to Stock Exchanges and shall also be hosted on the Company's website at https://www.pricol.com/
About Pricol Limited:
Pricol Limited (BSE: 540293, NSE: PRICOLLTD) is one of India's leading automotive technology and precision engineered Products and solutions Company, headquartered in Coimbatore, India. Commencing operations in the year 1975 and being committed to attain leadership and excellence, the Company has evolved into a reputed brand in the global automotive industry. By being customer centric and pushing the boundaries on product and process technology and innovation, Pricol, today, is recognized as a preferred partner to many leading automotive Original Equipment Manufacturers (OEMs) across the world. The Company's operations classified into three verticals, Driver Information and Connected Vehicle Solution (DICVS), Actuation, Control and Fluid Management System (ACFMS) and Precision Products.
More than 5,200+ product variants (including subsidiaries) are supplied to leading automotive OEMs in the Two/Three-Wheelers, Passenger Vehicles, Commercial Vehicles & Off Highway Vehicles space across India and in International Markets. Today, the Company has 14 manufacturing plants (including subsidiary) across
Media Release
pricol
India (Coimbatore, Manesar, Pantnagar, Pune, Sricity, Mysuru, Hosur, Chennai, Nalagarh, Bhiwadi and Sanand), 1 manufacturing unit in Indonesia, and 3 international offices (Dubai, Tokyo and Singapore).
Follow Pricol Limited on LinkedIn: https://www.linkedin.com/company/pricol-limited/
Contact Information:
| Investor Relations Representative: | Company Secretary & Compliance Officer |
|---|---|
| Mr. Anuj Sonpal | Mr. T.G Thamizhanban |
| Valorem Advisors | Pricol Limited |
| Tel: +91-22-3507-5100 | Tel: +91 422-433-6238 |
| Email: [email protected] | Email: [email protected] |
109, Race Course, Coimbatore - 641 018, Tamil Nadu, India CIN: L34200TZ2011PLC022194
I Email: [email protected] I Tel: +91 422 433 6000
--0--
Annexure D
PRICOL LIMITED
Passion to Excel
109, Race Course,
Coimbatore-641 018, India
+91 422 433 6000
[email protected]
pricol.com
CIN: L34200TZ2011PLC022194
CUSTOMERS EMPLOYEES SHAREHOLDERS SUPPLIERS
PL/SEC/TGT/2026-2027/023
Tuesday, 5th May 2026
| Listing Department National Stock Exchange of India Limited “Exchange Plaza”, C-1, Block G Bandra-Kurla Complex, Bandra (E), Mumbai - 400051 | Corporate Relationship Department BSE Limited 1st Floor, New Trading Ring Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai 400 001 |
|---|---|
| Scrip Code: PRICOLLTD | Scrip Code: 540293 |
Dear Sir,
Sub: Investor Conference Call – Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”)
Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a conference call is scheduled to be held on Friday, 15th May 2026 at 04:00 PM (IST), to discuss the financial results for the quarter and year ended 31st March 2026. In this regard details of the conference call and dial up numbers are enclosed.
No unpublished price sensitive information will be shared in the aforesaid meeting.
This is for your information and records.
Thanking you
Yours faithfully,
For Pricol Limited
T G
THAMIZHANB
AN
Digitally signed by T
G THAMIZHANBAN
Date: 2026.05.05
10:37:15 +05'30'
T.G. Thamizhanban
Company Secretary
ICSI M.No: F7897
SEBI LODR
BURKAN VERITAS
Certification
BURKAN
VERITAS
B
ISO 9001
BURKAN VERITAS
Certification
W
VALOREM ADVISORS
Conference Call Invite
MANAGEMENT SERVICES
R
VALOREM ADVISORS
is pleased to invite you to the conference call to discuss Q4-FY26/FY26 earnings of
pricol
PRICOL LIMITED
on Friday, 15th May, 2026 at 04:00 PM (IST)
Pricol Limited’s Management will be represented by:
Mr. Vikram Mohan - Managing Director
Mr. P.M. Ganesh - Chief Executive Officer & Executive Director
Mr. Siddharth Manoharan - Director - Strategy
Mr. Priyadarsi Bastia - Chief Financial Officer
Dial in details
Universal Dial In: +91 22 6280 1341 / +91 22 7115 8242
International Numbers
USA Toll Free Number: 18667462133
UK Toll Free Number: 08081011573
Singapore Toll Free Number: 8001012045
Hong Kong Toll Free Number: 800964448
Accessible from all carriers.
Click below to connect your call without having to wait for an operator!
Diamond Pass link:
Click here for the Diamond Pass Link
Investor Kitlink:
https://www.valoremadvisors.com/pricol
Phone: +91-22-35075100
Email: [email protected]
Website: www.valoremadvisors.com