Pricol Limited — Capital/Financing Update 2025

Sep 30, 2025

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PL/SEC/TGT/2025-2026/070

Tuesday, 30[th] September 2025

Listing DepartmentNational Stock Exchange of India Limited “Exchange Plaza’, C-1, Block GBandra-Kurla Complex,Bandra(E), Mumbai - 400051	Corporate Relationship DepartmentBSE Limited 1stFloor, New Trading RingRotunda Building, P J Towers,Dalal Street, Fort, Mumbai 400 001
**Scrip Code:**PRICOLLTD	**Scrip Code:**540293

Dear Sir,

Sub: Memorandum of Understanding with BOE Varitronix Limited

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Regulations”) read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13[th] July, 2023 (“Circular”), we hereby inform that Pricol Limited (“Pricol”) has entered into a Memorandum of Understanding (“MOU”) with BOE Varitronix Limited (“BOE”), 30[th] September, 2025 at 2.05 PM IST. The objective of this MOU is to establish an exclusive collaboration between BOE and Pricol for localization of the Optical Bonding of LCD/ TFT display in India for 2-wheeler, three-wheeler, commercial and Off-Road Vehicles.

Requisite disclosure as required under the SEBI Regulations and the Circular is enclosed as Annexure- I

This is for your information and records.

Thanking you,

Yours faithfully, For Pricol Limited

T G SIGN Digitally signed by T THAMIZHAN G THAMIZHANBAN Date: 2025.09.30 BAN 15:35:21 +05'30'

T.G.Thamizhanban Company Secretary ICSI M.No: F7897

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Annexure- I

Disclosure to Stock Exchange

	Disclosure	to Stock Exchange
Sr. No	Particulars	Details
1.	Name of the entity(ies) withwhom agreement/JV is signed	MOU is entered with BOE Varitronix Limited acompanyincorporated under the laws of HongKong.
2.	Area of agreement/JV	Memorandum of understanding (MoU)
3.	Domestic/international	Both
4.	Share exchange ratio/JV ratio	NA
5.	Scope of business operation ofagreement / JV	The objective of this MOU is to establish an exclusivecollaboration or between BOE and Pricol forlocalization of the Optical Bonding of LCD/ TFTdisplay in India for 2-wheeler, three-wheeler,commercial and Off-Road Vehicles.
6.	Details of consideration paid /received in agreement/JV	NA
7.	Significant terms and conditionsof agreement / JV in brief	The initial phase involves optical bonding (OCA);subsequent phases may address other backendassemblyactivities.
8.	Whether the acquisition wouldfallwithinrelatedpartytransactions and whether thepromoter/promotergroup/groupcompanieshaveanyinterestintheentitybeingacquired?If yes, nature of interest anddetails thereof and whether thesame is done at “arms length”	The MOU is not a related party transaction.
9.	size of the entity(ies)	BOE is a leading provider of advanced technologysolutions in the field of display technology andoptical bonding.
10.	Rationale and benefit expected	Both parties are desirous of entering into acollaboration for the localization of TFT opticalbonding for Instrument Cluster with the aim ofenhancing competitive advantage, reducing costs,promotinglocalization and innovation.

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