Pricol Limited reported a net profit of ₹207.34 crore for the financial year 2025-26, a 45.5% increase from ₹142.46 crore in the previous year. Revenue from operations rose to ₹3,126.97 crore from ₹2,542.38 crore in FY25. The board has declared an interim dividend of ₹2 per share for the year ended March 31, 2026.

The company’s profit before tax stood at ₹330.94 crore, compared to ₹226.61 crore in the previous year. Earnings per share (EPS) increased to ₹17.01 from ₹11.69 in FY25. The total income for the year was ₹3,126.97 crore.

Pricol has scheduled its 15th Annual General Meeting (AGM) for Wednesday, August 5, 2026, at 3:00 p.m. IST via Video Conferencing. The cut-off date for remote e-voting is July 29, 2026. Remote e-voting commences on August 1, 2026, and ends on August 4, 2026.

The company’s total assets stood at ₹2,025.32 crore as of March 31, 2026, compared to ₹1,770.46 crore in the previous year. Reserves and surplus increased to ₹1,118.49 crore from ₹936.72 crore. The net profit margin improved to 6.87% from 5.80% in the previous year.

The company reported a return on net worth of 0.20 for FY26, up from 0.16 in the previous year. The debt-equity ratio stood at 0.20, while the current ratio improved to 1.10 from 1.04. The interest coverage ratio was 21.11, down from 25.74 in the previous year.

Pricol Limited 's board has approved a scheme of arrangement to demerge its Driver Information & Connected Vehicle Solutions (DICVS) business into Pricol Autotech Limited, a wholly-owned subsidiary. The strategic move is designed to create two focused and independent business platforms, each with a distinct operational mandate. The DICVS business, which specialises in smart mobility and integrated electronic solutions, recorded a turnover of ₹2,424.63 crores for the financial year ending March 31, 2026, representing 61.17% of the company's total consolidated turnover for the same period.

Rationale and Business Restructuring

The demerger is aimed at segregating the DICVS undertaking from Pricol Limited's remaining businesses, enabling each entity to concentrate on its respective core activities. Post-demerger, Pricol Limited will retain the Actuation, Control & Fluid Management Systems (ACFMS) and Precision Products (P3L) businesses. The board believes this restructuring will facilitate faster decision-making, reduce operational complexity, and improve capital allocation aligned with specific business portfolios.

Share Entitlement and Listing

Upon the scheme becoming effective, Pricol Autotech Limited will issue shares directly to the shareholders of Pricol Limited. There is no cash consideration involved in the transaction. The share entitlement ratio is set at 1:1 — shareholders will receive one fully paid-up equity share of Pricol Autotech Limited, with a face value of ₹1, for every one fully paid-up equity share of ₹1 held in Pricol Limited. The entire paid-up equity share capital of Pricol Autotech Limited currently held by Pricol Limited will be cancelled and reduced. The resulting company will seek listing on the National Stock Exchange of India Limited and BSE Limited, subject to requisite approvals.

Shareholding Pattern

The demerger will significantly alter the shareholding structure of Pricol Autotech Limited, which is currently fully owned by Pricol Limited. Post-scheme, the shareholding pattern of the resulting company will mirror that of the parent company, as illustrated below.

Regulatory Approvals and Advisors

The scheme remains subject to approvals from statutory and regulatory authorities, including the National Company Law Tribunal, Chennai Bench, stock exchanges, and shareholders. The transaction is supported by a team of professional advisors: Veda Corporate Advisors Private Limited serves as the corporate advisor, Khaitan & Co and Ramani & Shankar Advocates act as legal advisors, Saffron Capital Advisors Private Limited is the merchant banker, and SSPA & Co., Chartered Accountants, acted as the registered valuer.