Pricol Limited's board has approved the demerger of its key Driver Information & Connected Vehicle Solutions (DICVS) business into a separate entity called Pricol Autotech. According to the latest announcement, the demerger aims to enable clear segregation of the demerged undertaking and the remaining business, allowing both entities to concentrate on their respective core activities. The proposed demerger is expected to provide several benefits, including financial flexibility, reduced operational complexity, and improved execution, efficiency, and agility. The demerged undertaking and the remaining business of Pricol Limited will operate more effectively as focused standalone businesses, with clear market access and a clean operating model. The proposed restructuring will create two focused business platforms - an automotive technology entity and an automotive & industrial precision engineering entity - simplifying the group's corporate structure while enabling each business to sharpen its strategic focus, accelerate innovation, and respond more effectively to evolving customer requirements and fast-changing technology trends through dedicated management teams and independent capital allocation frameworks.
All eligible existing shareholders of Pricol Ltd will receive one fully paid-up equity share of Pricol Autotech with a face value of ₹1 apiece for every share they own. As reported by NSE data, shareholders will be eligible for the 1:1 ratio demerger up to 24 hours ahead of the company's pre-determined record date for the corporate action. The company will inform shareholders about the record date and details of the public listing of Pricol Autotech in due time. The equity shares of Pricol Autotech Limited will be listed and admitted to trading on the Stock Exchanges subject to requisite approvals. The resulting company is proposed to be listed on the National Stock Exchange of India Ltd and the BSE Limited, with the shareholding of Pricol Autotech Limited mirroring that of Pricol Limited, subject to the Scheme becoming effective.
The DICVS business contributes 61.17% or ₹2,424.63 crore of Pricol's total consolidated turnover as of fiscal year 2025-26, according to consolidated financial statements. Pricol's total revenues stood at ₹4,052.37 crore for the fiscal period, with ₹3,963.85 crore from core operations. The DICVS business focuses on providing smart mobility and integrated electronic solutions, making integrated infotainment systems, advanced e-cockpit solutions, and connectivity solutions such as telematics and battery management systems. After the demerger, Pricol Ltd will continue focusing on Actuation, Control & Fluid Management Systems (ACFMS) and Precision Products (P3L) businesses. The ACFMS business is supported by growing domestic and export footprints and opportunities in fluid management and control solutions, while the P3L business is strategically positioned to capitalise on the expanding opportunity in precision components.
Pricol shares have delivered more than 500% returns to investors in the last five years and over 150% gains in the last three-year period, though so far in calendar year 2026, Pricol shares have lost 11.7%. However, the stock has gained 3.7% in the last one month and was trading 4.2% higher over the last five market sessions. The company's market capitalisation stood at ₹7,105 crore as of the stock market close on Thursday, June 25, 2026. As per latest trading data, shares of Pricol Limited were last trading in BSE at ₹586.75 compared to the previous close of ₹589.65, with the total number of shares traded being 38,149 in over 1,015 trades. The stock hit an intraday high of ₹599.85 and intraday low of ₹579.60, with the net turnover during the day being ₹22520340.00.
Commenting on the development, Mr. Vikram Mohan, Chairman & Managing Director, Pricol Limited, stated that "The proposed demerger marks an important milestone in Pricol's growth journey. Over the years, our businesses have evolved into strong and differentiated platforms with distinct customer needs, technology priorities, capital requirements and growth opportunities. We believe this is the right time for each business to operate independently with dedicated leadership, sharper strategic focus and greater operational agility. This new structure will enable both companies to pursue focused growth strategies, accelerate innovation and respond more effectively to evolving market opportunities. We are confident that the proposed demerger will strengthen our competitive position and create sustainable long-term value for all our stakeholders." The demerger recognises the evolution of the DICVS business, which has evolved into a differentiated platform with distinct customer needs, competitive landscapes, technology priorities and growth opportunities, enabling the business to pursue independent long-term strategies and strengthen technology capabilities for integrated solution offerings.
