Pricol Limited (PRICOLLTD) — Board Meeting(2 announcements)

Pricol Limited announced a 1:1 share entitlement scheme to demerge its Driver Information & Connected Vehicle Solutions (DICVS) business into a new listed entity, Pricol Autotech Limited, effective 2026-06-27. Shareholders will receive one fully paid-up share in the new company for each existing share, creating two independent businesses focused on smart mobility and precision automotive systems. The demerger requires regulatory approvals from NSE, BSE, NCLT, and shareholders, with listing planned on both exchanges. This strategic separation aims to enhance operational focus, capital allocation, and growth visibility for each entity.

Pricol Limited announced the board's approval of a scheme to demerge its Driver Information & Connected Vehicle Solutions (DICVS) business into a new listed entity, Pricol Autotech Limited, via a 1:1 share entitlement. The demerger separates DICVS, contributing INR 2,424.63 crores (61.17% of FY2026 turnover), from the parent company, which will continue focusing on ACFMS and Precision Products. Shareholders will receive one share in the new entity per existing share, with promoters' stake diluted to 38.51% and public holding remaining at 61.49%. The new company will be listed on NSE and BSE following regulatory approvals.