Pricol Limited — Board Meeting, 02-12-2024: Outcome of Board Meeting

The Board of Directors has made several significant decisions, including the approval of the acquisition of the plastic component division from Sundaram Auto Components Limited for a transaction cost of ₹215.3 Crores. Additionally, the board has sanctioned an investment of up to ₹120 Crores in Pricol Precision Products Private Limited and a corporate guarantee for loans to this subsidiary not exceeding ₹250 Crores. Furthermore, the board approved an investment of up to 26% equity in PQSI Digital Private Limited, with a maximum investment of ₹10 Crores planned over three years, aimed at enhancing Pricol’s digital capabilities.