Summary of Key Information:

Reporting Period (Quarter/Year): Not Applicable (Corporate Action)

Nature of Filing / Announcement: Intimation of outcome of Board Meeting pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 - Approval of Scheme of Arrangement

Date of Board Meeting / Approval: Saturday, 27th June 2026

Audit Opinion: Not Specified

Auditor’s Comment: Not Specified

Key Financial Highlights:

Turnover of Demerged Undertaking: The turnover of the DICVS Business for the financial year ending March 31, 2026, stood at INR 2,424.63 crores. This represents 61.17% of the total consolidated turnover of the Company for the financial year ending March 31, 2026.

Standalone Results: Not Specified

Consolidated Results: Not Specified

Segment-wise Performance:

The demerger involves the Driver Information & Connected Vehicle Solutions (DICVS) Business, which represented 61.17% of consolidated turnover. Pricol Limited will retain the Actuation, Control & Fluid Management Systems (ACFMS) and Precision Products (P3L) businesses.

Corporate Actions:

The Board approved a Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013 for the demerger of the DICVS Business to Pricol Autotech Limited.

Share Exchange Ratio: 1 (One) fully paid-up equity share of the Resulting Company (Pricol Autotech Limited) having face value of INR 1 each for every 1 (One) fully paid-up equity share of INR 1 each of Pricol Limited.

Shareholding Pattern Changes:

  • For Pricol Limited: No change in shareholding pattern
  • For Pricol Autotech Limited: Pre-Scheme: Pricol Limited owns 100%; Post-Scheme: Promoters 38.51%, Public 61.49%

Listing: The equity shares of Pricol Autotech Limited shall be listed and admitted to trading on the stock exchanges subject to requisite approvals.

Other Significant Information:

Rationale for Demerger:

1. Enable clear segregation of Demerged Undertaking and Remaining Business

2. Create simpler, sharper and more agile corporate entity to meet fast-changing technological needs

3. Both businesses operate with differing customer needs, competitive dynamics, capital allocation and risk profiles

4. Provide financial flexibility for each entity to pursue investment decisions aligned with their respective business portfolios

5. Reduce operational complexity to enable faster decision-making and streamlining operations

6. Provide independent and dedicated management teams enabling clear market access

7. Allow each entity to tailor its operational processes, policies, systems and governance

8. Create focused and independent business platforms with clear visibility of respective stakeholder value

Effective Date: The Scheme will become effective upon receipt of all approvals

Record Date: To be determined