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    PRICOLLTD_02122024164248_sedisclosure_press_release

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    PRICOLLTD_02122024164248_sedisclosure_press_release

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    PRICOLLTD_02122024164248_sedisclosure_press_release

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    V Sathish Kumar
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    of 3

    PL/SEC/TGT/2024-2025/101 Monday, 2nd December, 2024

    Listing Department Corporate Relationship Department


    National Stock Exchange of India Limited BSE Limited
    “Exchange Plaza’, C-1, Block G 1st Floor, New Trading Ring
    Bandra-Kurla Complex, Rotunda Building, P J Towers,
    Bandra (E), Mumbai - 400051 Dalal Street, Fort, Mumbai 400 001
    Scrip Code: PRICOLLTD Scrip Code: 540293

    Dear Sir,

    Sub: Press Release

    Pursuant to Securities and Exchange Board of India (Listing Obligations and Disclosure
    Requirements) Regulations, 2015, Press Release in respect of the acquisition of injection moulded
    plastic component solutions division of Sundaram Auto Components Limited is enclosed as
    Annexure for your information and records.

    Thanking you
    Yours faithfully,
    For Pricol limited
    THANGAVEL Digitally signed by
    THANGAVEL GAJALAKSHMI
    GAJALAKSHMI THAMIZHANBAN
    Date: 2024.12.02 16:38:37
    THAMIZHANBAN +05'30'

    T.G.Thamizhanban
    Company Secretary
    ICSI M.No: F7897
    Encl: as above
    Media Release >X< pncal

    Pricol Limited Announces Strategic Acquisition of


    Sundaram Auto Components Limited’s Injection Moulding Business
    Coimbatore, December 02, 2024: Pricol Limited marked a pivotal moment in its journey today with the
    proposed acquisition of Sundaram Auto Components Ltd (SACL)’s Injection Moulding business through Pricol
    Precision Products Private Limited (a wholly owned subsidiary of Pricol Limited). With this acquisition, Pricol
    will see a consolidated topline addition of approximately INR 730 crores combined with SACL’s healthy
    financial parameters that are value accretive to Pricol. The debt-free acquisition is being made through an all
    cash deal for an amount of INR 215.3 Crs and is subject to adjustments, if any, as defined in the Agreement
    at the time of closing the deal.

    This acquisition underscores Pricol’s commitment towards advancing its growth in allied business verticals
    thereby cementing its leadership in the automotive sector. SACL, part of the TVS Motor Company, established
    in 1992, is a well-recognized player in the Automotive Component Industry. Renowned for its expertise in
    innovative polymer solutions and cutting-edge injection moulding capabilities, SACL’s six state-of-the-art
    manufacturing facilities across India embody operational excellence and sustainable practices. Over the
    years, the company has built a strong customer base, supported by robust talent and well-established
    manufacturing ecosystem.

    This acquisition presents Pricol with an opportunity to scale the injection moulding business into an
    independent business vertical and leverage SACL’s strength combined with Pricol’s capabilities, thereby
    paving a way for growth in this vertical. It also further fortifies the opportunities to expand the customer
    base and product offerings through effectively integrating the synergies of Pricol and SACL.

    On the occasion of this announcement, the Managing Director of Pricol Limited, Mr. Vikram Mohan, said:
    “I express immense pride in welcoming the talented team at SACL into the Pricol family. With this acquisition,
    our focus will remain on harnessing the combined potential of Pricol and SACL, to become an integrated
    solution player, driving innovation, and delivering sustainable growth. SACL’s expertise and value systems
    perfectly align with our vision and core values which will enable us to meet the demands of our customers.
    This acquisition is a significant step towards realizing our commitment to a sustainable and transformative
    growth.”

    Mr K Gopala Desikan, Group CFO of TVS Motor Company said, “SACL has played a vital role in the TVS group
    for many years, establishing a significant presence in the Indian automotive component industry. As market
    dynamics evolve, and we allocate capital more efficiently in accordance with our strategic plans, we are
    delighted that Pricol, our trusted long-term supplier partner, is taking over the business. We are confident
    that they will uphold the same values and ethos, ensuring a smooth transition and continued growth.”

    “With the acquisition of SACL’s injection moulding business, Pricol makes a strategic move towards solidifying
    its long term vision of strengthening and expanding its leadership position in the Automotive Industry.
    Through focussed and well-defined products and solution offerings, we aim to redefine industry standards
    with clear roadmap for growth whilst creating lasting value for all of our stakeholders”, added Siddharth
    Manoharan, Group Director of Strategy, Pricol.
    Media Release

    About Pricol Limited:

    Pricol Limited (BSE: 540293, NSE: PRICOLLTD) is one of India's leading automotive technology and precision
    engineered Products and solutions Company, headquartered in Coimbatore, India. Commencing operations
    in the year 1975 and being committed to attain leadership and excellence, the Company has evolved into a
    reputed brand in the global automotive industry. By being customer centric and pushing the boundaries on
    product and process technology and innovation, Pricol, today, is recognized as a preferred partner to many
    leading automotive Original Equipment Manufacturers (OEMs) across the world. The Company's operations
    classified into two verticals, Driver Information and Connected Vehicle Solution (DICVS) and Actuation,
    Control and Fluid Management System (ACFMS).
    More than 2,000+ product variants are supplied to leading automotive OEMs in the Two-/Three-Wheelers,
    Passenger Vehicles, Commercial Vehicles & Off Highway Vehicles space across India and in International
    Markets. Today, the Company has 8 manufacturing plants across India (Coimbatore, Manesar, Pantnagar,
    Pune, Sricity and Satara), 1 manufacturing unit in Indonesia, and 3 international offices (Dubai, Tokyo and
    Singapore)
    Follow Pricol Limited on LinkedIn: https://www.linkedin.com/company/pricol-limited/

    Contact Information:

    Investor Relations Representative: Company Secretary & Compliance Officer


    Mr. Anuj Sonpal Mr. T.G Thamizhanban
    Valorem Advisors Pricol Limited
    Tel: +91 22-4903-9500 Tel: +91 422-433-6238
    Email: pricol@valoremadvisors.com Email: cs@pricol.com

    109, Race Course, Coimbatore - 641 018, Tamil Nadu, India CIN: L34200TZ2011PLC022194
    Email: cs@pricol.com I Tel: +91 422 433 6000

    --0--

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