Pricol Ltd

Business Overview

• Automotive components supplier focused on driver information, actuation, and precision products.
• Key segments: Driver Information and Connected Vehicle Solutions; Actuation and Fluid Management; Precision Products.
• Strategic emphasis on new product launches and expanding OEM partnerships.

Operational Highlights

• Award: Suzuki Best Localization Through VA-VE at supplier conference (April 22, 2026).
• Award: Ashok Leyland 'Winner ESG FY27' Champion (May 13, 2026).
• Q1 FY27 launches: Hero XOOM 125; Tata Tiago; Force Urbania.

Financial Performance

• Q1 FY27 revenue from operations ₹1,083.58 crore; EBITDA ₹123.69 crore; margin 11.41%.
• PAT ₹67.02 crore; PAT margin 6.19%; Basic EPS ₹5.50.
• Total income ₹1,107.86 crore in Q1 FY27.

Capital Structure & Liquidity

• Long-term borrowings ₹97.16 crore; short-term borrowings ₹265.76 crore.
• Cash and equivalents ₹117.90 crore; total equity ₹1,254.89 crore.

Strategic Priorities & Outlook

• Focus on expanding OEM relationships via new product launches.

Governance & Leadership

• Company Secretary & Compliance Officer: T.G Thamizhanban.

AGM Details

• Date and time: 5 August 2026, 3:00 p.m. IST; via VC/OAVM.
• Mode: Video Conferencing / Other Audio-Visual Means.
• Remote evoting window: 1–4 August 2026; cut-off date: 29 July 2026.
• Book closure/Record date: Not Applicable.

Key Resolutions

• Adoption of standalone and consolidated financial statements and reports.
• Re-appointment of Mr. P.M. Ganesh as Director.
• Appointment of Ms. Madhura Mohan as Director.
• Appointment & remuneration of Ms. Madhura Mohan as Executive Director (Special).
• Appointment & remuneration of Mr. Siddharth Manoharan as Group Executive Director (Special).
• Ratification of remuneration payable to Cost Auditor.

Voting & Results

• Voting results not disclosed in this filing.

Dividend

• Interim dividend of Rs 2 per equity share paid in 2025; no final dividend proposed for FY 2025-26.

Director Changes

• Chairman Vanitha Mohan resigned from the Board on 14 May 2026; Vikram Mohan appointed Chairman.
• Ms. Madhura Mohan appointed Additional Director and Executive Director, effective 14 May 2026.
• Mr. Siddharth Manoharan appointed Additional Director and Group Executive Director, effective 14 May 2026.

Auditor & Secretarial

• VKS Aiyer & Co resigned; Sundaram & Srinivasan appointed as Statutory Auditors.
• Cost Auditor appointment: Mr. G. Sivagurunathan; remuneration to be ratified by shareholders.

Material Related Party Transactions

• Intercompany purchases and services with subsidiaries including goods and management services.
• Corporate guarantee of 230 crore extended to Pricol Precision Products Private Limited.
• Significant related party balances outstanding with group entities at year-end.

Other Material Approvals

• Technology licensing with Domino S.R.L. for two-wheeler control technology.
• Technical collaboration with BOE Varitronix for localization of TFT displays.
• Formation of Pricol Autotech Limited as a new subsidiary; other strategic subsidiaries discussed.

Meeting Details

• Board meeting scheduled for Thursday, 30 July 2026; time and venue not disclosed.

Key Agenda Items

• Consider unaudited standalone and consolidated financial results for the quarter ended 30 June 2026.

Rating Action

• CRISIL places Pricol's INR 145 crore fund-based facilities on Rating Watch with Developing Implications.
• Instruments: Fund Based Facilities – INR 145 crores, rating AA-/Watch Developing.
• Rating Agency: CRISIL.
• Previous rating: AA-/Stable.
• Outlook/Watch status: Rating Watch with Developing Implications.
• Rationale not disclosed in filing.

Dematerialisation status

• Dematerialisation requests were processed and confirmed to depositories, with certificates listed on exchanges.
• Securities dematerialised have been listed on the stock exchanges.
• Physical certificates for dematerialisation were mutilated and cancelled; registered owner updated to depository in records within timeline.
• No exceptions, delays, or non-compliance were reported.