Pricol Limited disclosed the outcome of its Board Meeting held on July 30, 2026, regarding the approval of unaudited financial results for Q1 FY27 (quarter ended June 30, 2026).

Board Meeting Details

  • Meeting Date: July 30, 2026
  • Timing: 2:00 PM to 4:30 PM IST
  • Purpose: Approval of unaudited Financial Results (Standalone and Consolidated) for quarter ended June 30, 2026

Documents Approved

  • Unaudited Financial Results for quarter ended June 30, 2026 (Annexure A)
  • Limited Review Report by statutory auditors M/s. Sundaram & Srinivasan, Chartered Accountants (Annexure B)

Auditor Information

  • Statutory Auditors: Sundaram & Srinivasan, Chartered Accountants (FRN: 004207S)
  • Review conducted under Standard on Review Engagements (SRE) 2410
  • Conclusion: Unmodified review opinion - nothing came to their attention causing belief that the statements contain material misstatement
  • Previous auditor: Different firm reviewed Q1 FY26 results (quarter ended June 30, 2025)

Subsidiary Information

The consolidated results include the following subsidiaries:

1. Pricol Asia Pte. Limited, Singapore

2. Pricol Precision Products Private Limited, Coimbatore

3. PT Pricol Surya, Indonesia

4. Pricol Autotech Limited, Coimbatore

5. Pricol Asia Exim DMCC, Dubai (subsidiary of Pricol Asia Pte. Limited)

Subsidiary Financial Information (Quarter Ended June 30, 2026)

  • One subsidiary reviewed by other auditors: Revenue ₹318.34 crores, Net profit after tax ₹7.90 crores
  • One subsidiary based on management-certified accounts (not reviewed): Revenue ₹6.91 crores, Net profit after tax ₹3.52 crores
  • Two subsidiaries located outside India: Financial information converted from local GAAP to Ind AS by management

Segment Information

The Company's operations relate primarily to one segment - Automotive Components, with results reported under one segment as per Ind AS 108.

Historical Accounting Treatment

A Scheme of Amalgamation between erstwhile Pricol Limited and erstwhile Pricol Pune Limited was sanctioned by Hon'ble High Court of Judicature at Madras and accounted for during FY 2016-17 under Purchase Method (AS 14). Intangible assets including Goodwill are being amortized over 15 years from appointed date.

Corporate Action Update

The Board of Directors in their meeting held on June 27, 2026 approved (subject to requisite approvals) a Scheme of Arrangement involving the demerger of its Driver Information & Connected Vehicle Solutions (DICVS) business undertaking into Pricol Autotech Limited.

Investor Conference Call

As previously informed via letter dated July 21, 2026, an Investor Conference call is scheduled for Friday, July 31, 2026 at 04:00 PM (IST) to discuss the financial results for quarter ended June 30, 2026.

Management Representation

The conference call will feature:

  • Mr. Vikram Mohan (Chairman & Managing Director)
  • Mr. P.M. Ganesh (Chief Executive Officer & Executive Director)
  • Mr. Siddharth Manoharan (Group Executive Director - Business Strategy)
  • Mr. Priyadarsi Bastia (Chief Financial Officer)
  • Ms. Madhura Mohan (Executive Director Customer Relationship Management & ESG)

Financial Figures Note

The actual financial figures (revenue, profit, etc.) for the quarter are contained in Annexure A which was not provided in the source text. The disclosure primarily covers the approval process, auditor review, and subsidiary composition.