Pricol Limited has officially issued a clarification to address factually incorrect and misleading claims circulating on social media regarding a purported acquisition. The company confirms that it has not entered into any agreement, understanding, or arrangement to acquire a German automotive components firm. Investors are advised to rely solely on official company communications rather than unverified reports originating from unofficial third-party social media handles.
Addressing Market Rumors
On April 9, 2026, the management of Pricol Limited responded to widespread speculation on platforms such as X (formerly Twitter). The company categorically denied claims made by handles, including @REDBOXINDIA, which alleged that the firm had successfully completed or announced the acquisition of a 100% stake in a German automotive components entity.
Company Statement
The company has confirmed that these reports are baseless and do not reflect the current operational status of the business. Pricol Limited explicitly stated that there has been no announcement, nor any underlying agreement or arrangement, to purchase any company within the German automotive components sector. By proactively addressing this misinformation, the company aims to protect shareholders and ensure market transparency.
Guidance for Investors
Pricol Limited emphasizes the importance of verifying sensitive information through authorized channels. Investors and stakeholders are strongly encouraged to disregard unofficial social media rumors and refer exclusively to official filings on BSE and NSE websites or the company’s official website for authentic updates and corporate developments.
Source: BSE
