Pricol Limited Approves Demerger of DICVS Business into Pricol Autotech Limited
Pricol Limited's Board approved a scheme to demerge its Driver Information & Connected Vehicle Solutions (DICVS) business into Pricol Autotech Limited. Shareholders will receive a 1:1 share entitlement ratio. The DICVS business had a turnover of ₹2,424.63 crore in FY2026, representing 61.17% of the total consolidated turnover.
A demerger of a significant business segment is a major corporate action that will fundamentally restructure the company, impacting its operations, strategy, and shareholder value.
The demerger is a strategic move aimed at creating focused business platforms, simplifying the corporate structure, and enhancing value for shareholders, indicating a positive outlook.
Pricol Limited's Board of Directors has approved a Scheme of Arrangement for the demerger of its Driver Information & Connected Vehicle Solutions (DICVS) business undertaking into Pricol Autotech Limited. This strategic move aims to create two focused business platforms: an automotive technology entity and an automotive & industrial precision engineering entity. Following the demerger, Pricol Limited will continue to focus on its Actuation, Control & Fluid Management Systems (ACFMS) and Precision Products (P3L) businesses.
The demerger is expected to simplify the group's corporate structure, allowing each business to sharpen its strategic focus, accelerate innovation, and respond more effectively to evolving customer requirements and market dynamics. The scheme is subject to statutory, regulatory, and customary approvals, including from the stock exchanges and the National Company Law Tribunal.
Shareholders of Pricol Limited will receive one fully paid-up equity share of Pricol Autotech Limited for every one fully paid-up equity share held in Pricol Limited (1:1 share entitlement ratio). The resulting company, Pricol Autotech Limited, is proposed to be listed on the National Stock Exchange of India and BSE Limited.
The DICVS business, which contributes 61.17% of the company's total consolidated turnover (₹2,424.63 crore for FY2026), focuses on smart mobility and integrated electronic solutions. The ACFMS and P3L businesses will continue to strengthen Pricol Limited's strategy and value creation. Mr. Vikram Mohan, Chairman & Managing Director of Pricol Limited, stated that the demerger is a milestone that will enable both companies to pursue focused growth strategies and create sustainable long-term value for stakeholders.
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Pricol Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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