Pearl Global Industries Limited has informed the Exchange regarding Re-Appointment of M/s. Ernst & Young LLP as Internal Auditors of the company w.e.f. April 01, 2026 till March 31, 2027.
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Pearl Global Industries reported strong audited results for FY 2025-26 with consolidated revenue of Rs 5,02,460 lakh, up 11.5% from Rs 4,50,629 lakh in the previous year. Net profit grew to Rs 27,003 lakh from Rs 23,077 lakh, with consolidated EPS of Rs 60.34. The Board declared a second interim dividend of Rs 8.50 per share (170% on Rs 5 face value), totaling Rs 3,923.57 lakh. Mr. Rajesh Kumar Singh was appointed as Additional Independent Director for 3 years. Internal auditor M/s. Ernst & Young LLP was reappointed for FY 2026-27. The company also approved acquiring an additional 9.99% stake in PT Pinnacle Apparels, Indonesia for USD 1.406 million, taking its holding to 99.92%. Statutory auditors gave unmodified opinion on both standalone and consolidated results.
The strong financial performance with 11.5% revenue growth and 17% profit growth is positive for shareholders. The consistent dividend declaration and strategic stake acquisition in the Indonesian subsidiary demonstrate operational strength. The appointment of a new independent director and continuation of EY as internal auditor reflects stable governance.