Pricol Ltd: AGM on Aug 5, Vanitha Mohan resigns as Chairman; Vikram Mohan appointed Chairman & MD
Pricol Limited's Board has fixed 5th August 2026 for its 15th AGM. Mrs. Vanitha Mohan resigned as Chairman, and Mr. Vikram Mohan is now Chairman & Managing Director. Ms. Madhura Mohan and Mr. Siddharth Manoharan were appointed as Executive Directors. The company reported FY26 consolidated revenue of ₹3,963.85 Crore (51.24% growth) and PAT of ₹250.80 Crore.
The changes in key leadership positions (Chairman and MD), along with the appointment of new executive directors, have a significant impact on the company's governance and strategic direction. The strong financial performance and the approval of corporate guarantees also contribute to a high impact.
The company reported strong financial growth for FY26 with significant revenue and PAT increases. Key leadership transitions were managed smoothly, and new executive appointments suggest future growth focus. The approved corporate guarantee also supports subsidiary operations.
Pricol Limited's Board of Directors, in a meeting held on 14th May 2026, approved several key decisions. The 15th Annual General Meeting (AGM) is scheduled for 5th August 2026 (Wednesday) and will be conducted via Video Conference. The e-voting cut-off date to identify eligible shareholders is set for 29th July 2026 (Wednesday).
In a significant leadership change, Mrs. Vanitha Mohan has resigned from her position as Chairman of the Board of Directors, effective 14th May 2026. Following her resignation, Mr. Vikram Mohan, the former Managing Director, has been appointed as the Chairman of the Board, and his designation is now "Chairman & Managing Director".
The Board also approved the appointment of Ms. Madhura Mohan as an Executive Director and Mr. Siddharth Manoharan as a Group Executive Director, both effective from 14th May 2026. These appointments are subject to shareholder approval at the upcoming AGM.
Furthermore, the company has approved providing additional Corporate Guarantees of up to ₹150 Crores for credit facilities to its wholly-owned subsidiary, Pricol Precision Products Private Limited, in addition to the existing ₹250 Crores guarantee.
Pricol Limited also announced its audited financial results for the quarter and financial year ended 31st March 2026. For FY26, the company reported consolidated revenue from operations of ₹3,963.85 Crores, a growth of 51.24% compared to FY25. The Profit After Tax (PAT) for FY26 stood at ₹250.80 Crores, with an Earnings Per Share (EPS) of ₹20.57.
An investor conference call is scheduled for Friday, 15th May 2026, at 4:00 PM (IST) to discuss the financial results.
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Pricol Limited filed this with the NSE as a statutory disclosure, categorised under agm. 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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