Pricol Limited — JV/Acquisition, 27-06-2026: Demerger

Pricol Ltd. is spinning off its Driver Information & Connected Vehicle Solutions (DICVS) business into a new listed company, Pricol Autotech Ltd. This strategic demerger aims to create two focused entities: one for automotive technology (DICVS, with FY26 turnover of INR 2,424.63 Cr) and another for core engineering (Pricol Ltd., retaining Actuation, Control & Fluid Management Systems and Precision Products). Shareholders will receive 1 share of Pricol Autotech for every 1 share of Pricol Ltd. The move is expected to unlock value, allowing each business to pursue distinct growth paths and accelerate innovation.