Pricol Ltd: Board Appoints New Chairman, Executive Directors; FY26 Revenue ₹3,964 Cr
Pricol Limited's Board approved the 15th AGM on August 5, 2026. Mrs. Vanitha Mohan resigned as Chairman; Mr. Vikram Mohan is now Chairman & MD. Ms. Madhura Mohan and Mr. Siddharth Manoharan were appointed Executive Directors. FY26 revenue was ₹3,964 Cr (51% growth), PAT ₹251 Cr (50% growth).
The announcement includes significant leadership changes, including the appointment of a new Chairman & Managing Director, and the appointment of new executive directors. Furthermore, strong financial results and the approval of additional corporate guarantees for a subsidiary indicate substantial business activity.
The company reported strong financial growth with significant increases in revenue, EBITDA, and PAT. Key leadership transitions were managed smoothly, and important corporate actions like AGM and director appointments were announced.
Pricol Limited's Board of Directors, in a meeting held on May 14, 2026, approved several key decisions including the date for the 15th Annual General Meeting (AGM) on August 5, 2026, with July 29, 2026, set as the e-voting cut-off date. The Board decided against recommending a final dividend for FY 2025-26, considering the interim dividend already paid.
Significant leadership changes were announced: Mrs. Vanitha Mohan resigned as Chairman and Director, effective May 14, 2026. Mr. Vikram Mohan, previously the Managing Director, has been appointed as the Chairman & Managing Director. Ms. Madhura Mohan has been appointed as an Executive Director, and Mr. Siddharth Manoharan as a Group Executive Director, both effective May 14, 2026, subject to shareholder approval at the upcoming AGM.
The Board also re-appointed Mr. G. Sivagurunathan as the Cost Auditor for the financial year 2026-27. Additionally, Pricol Limited approved providing additional Corporate Guarantees of up to ₹150 Crores for credit facilities to its wholly-owned subsidiary, Pricol Precision Products Private Limited, supplementing the existing ₹250 Crores guarantee.
The company also announced its audited financial results for the quarter and year ended March 31, 2026. For FY26, Pricol reported consolidated revenue from operations of ₹3,963.85 Crores, a 51.24% growth compared to FY25. EBITDA stood at ₹492.91 Crores, with a 47.53% YoY growth, and Profit After Tax (PAT) was ₹250.80 Crores, a 50.15% YoY increase. For Q4-FY26, revenue from operations was ₹1,077.90 Crores (43.34% YoY growth), EBITDA was ₹143.28 Crores (62.27% YoY growth), and PAT was ₹73.23 Crores (109.06% YoY growth).
An investor conference call is scheduled for May 15, 2026, at 04:00 PM IST to discuss these financial results.
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Pricol Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. 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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