Pricol Limited Recommends Dividend for the Year Ended of March 31, 2018; Announces Management Changes
May 30, 2018 at 09:29 am EDT
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Pricol Limited announced that the Board of Directors of the company at its meeting held on May 30, 2018, has recommended a dividend of INR 1 per equity share of INR 1 face value (100%) on the paid up capital of INR 94.797 million to the shareholders of the company for the year 31st March 2018. The dividend is subject to approval of shareholders in the Annual General meeting.
The Board appointed Mr. S. K. Sundararaman as Additional Director (Independent Director) with effect from 30th May, 2018. The Board also announced that Mr. J. Sridhar, Director Finance is designated as Chief Financial Officer and Key Managerial Personnel of the company from 30th May 2018, in place of Mr. S. Shrinivasan.
Pricol Limited is an India-based automotive technology and precision engineered solutions company. The Company carries out its business and operations in driver information systems and connected vehicle solutions, and actuation, control, fluid management systems catering to automotive original equipment manufacturers (OEMs) in two/three-wheeler, passenger vehicles, commercial vehicles, farm equipment and offroad vehicles across India and in international markets with approximately 2000 product variants. The Company primarily operates in the automotive segment. The automotive segment is engaged in the manufacturing and trading of automotive components. It is engaged in the business of manufacturing and selling of instrument clusters and other allied automobile components to OEMs and replacement markets. The Company has eight manufacturing facilities across Coimbatore, Manesar, Pantnagar, Pune, Satara and Sri city in India and one manufacturing plant in Jakarta, Indonesia.
PRICOL LIMITED 
