Pearl Global Industries Limited has informed the Exchange about an additional acquisition of 9.99% stake from the Minority Shareholder in PT Pinnacle Apparels
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On the reaction day the stock moved 8.8 pts more than Nifty Microcap 250 and 8.7 pts more than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Pearl Global Industries' Board approved FY2026 results with consolidated revenue of Rs 5,024.60 crore, up 11.5% YoY, and consolidated net profit of Rs 270.03 crore, up 17% YoY. Standalone revenue declined to Rs 1,081.29 crore from Rs 1,196.16 crore. The Board declared a second interim dividend of Rs 8.50 per share (170% on Rs 5 face value), totalling Rs 39.24 crore, with record date May 21, 2026. Additionally, through its step-down subsidiary DSSP Global Limited (Hong Kong), the company will acquire an additional 9.99% stake in PT Pinnacle Apparels (Indonesia) from a minority shareholder for USD 1.406 million, funded from internal accruals. Post-acquisition, holding will increase from 89.93% to 99.92%. The Board also appointed Mr. Rajesh Kumar Singh as Additional Independent Director and re-appointed Ernst & Young LLP as Internal Auditors.
Strong consolidated performance with profit growth despite standalone revenue decline reflects robust international operations. The near-complete acquisition of PT Pinnacle Apparels (99.92%) will simplify the group structure and consolidate earnings fully. The shareholder-friendly dividend demonstrates confidence in cash generation.