Pricol Ltd: Board Appoints Vikram Mohan as Chairman, Approves ₹150 Cr Guarantee
Pricol Limited's Board approved the appointment of Mr. Vikram Mohan as Chairman & Managing Director and Mrs. Vanitha Mohan's resignation. The 15th AGM is set for August 5, 2026. The company will provide an additional ₹150 Crore corporate guarantee to its subsidiary. FY26 consolidated revenue grew 51.24% to ₹3,963.85 Crore, with PAT at ₹250.80 Crore.
The announcement involves significant leadership changes at the top, including the appointment of a new Chairman & Managing Director, and the resignation of a long-standing Chairman. It also includes a substantial corporate guarantee for a subsidiary and strong financial results, all of which have a material impact on the company's governance, financial health, and strategic direction.
The company reported strong financial performance with significant year-on-year growth in revenue and profit. Key leadership transitions were managed smoothly, and a substantial corporate guarantee was approved to support a subsidiary, indicating strategic financial backing.
Pricol Limited's Board of Directors, in a meeting held on May 14, 2026, approved several key decisions. The 15th Annual General Meeting is scheduled for August 5, 2026, with July 29, 2026, set as the e-voting cut-off date. The Board decided that interim dividends paid during FY 2025-2026 would be considered final, and no further dividend would be recommended.
Significant leadership changes were announced. Mrs. Vanitha Mohan resigned as Chairman and Director, effective May 14, 2026. Following her resignation, Mr. Vikram Mohan, previously Managing Director, was appointed as the Chairman of the Board, now holding the designation of Chairman & Managing Director. Ms. Madhura Mohan was appointed as an Executive Director, and Mr. Siddharth Manoharan was appointed as a Group Executive Director. Both appointments are 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. Furthermore, the company approved providing an additional corporate guarantee 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 also released its audited financial results for the quarter and year ended March 31, 2026. The company reported consolidated revenue from operations of ₹3,963.85 Crores for FY26, a 51.24% growth compared to FY25. For Q4-FY26, revenue was ₹1,077.90 Crores, a 43.34% YoY growth. EBITDA for FY26 stood at ₹492.91 Crores (up 47.53% YoY), and PAT was ₹250.80 Crores (up 50.15% YoY). Basic and Diluted EPS for FY26 was ₹20.57.
An investor conference call is scheduled for May 15, 2026, at 04:00 PM IST, to discuss the financial results.
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Pricol Limited filed this with the NSE as a statutory disclosure, categorised under 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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