Pricol Limited has approved the incorporation of a wholly owned subsidiary (WOS) named Pricol Autotech Limited or a similar name. The board has approved an investment of up to ₹1,00,00,000 (Rupees One Crore) in one or more tranches. The new WOS will focus on manufacturing and distributing electronic components for both automotive and non-automotive sectors.
Wholly Owned Subsidiary
Pricol Limited has approved the incorporation of a new wholly owned subsidiary (WOS) in India. The subsidiary will be named Pricol Autotech Limited or another similar name that is approved by authorities. This decision was made during a board meeting held on January 29, 2026.
Investment and Scope
The Board has authorized an investment of up to ₹1,00,00,000 (Rupees One Crore), to be allocated in one or several installments, towards the WOS. The new entity will focus on the production and distribution of electronic components. These components will serve both the automotive and non-automotive industries.
Details of the Acquisition
The target entity will be Pricol Autotech Limited or another name as approved. The investment is in a wholly owned subsidiary and Pricol Limited will hold 100% of the share capital. The company aims to complete the incorporation by March 2026 and investment of ₹1,00,00,000 will be made in one or more tranches as per requirements. The company is yet to be incorporated.
Source: BSE
