PGILNSEPearl Global Industries Limited· Textile ProductsHighPositive
Announced Tue, 20 May · 22:22 IST

Pearl Global Industries Limited has informed the Exchange that Board of Directors at its meeting held on May 20, 2025, declared Interim Dividend of 6.50 per equity share.

Corporate Actions View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Pearl Global Industries' Board has approved a second interim dividend of Rs. 6.50 per equity share (130% on the face value of Rs. 5) for FY 2024-25, with a record date of May 26, 2025, and payment within 30 days. The Board also approved shifting the registered office from Delhi to Haryana, subject to shareholder approval at the upcoming AGM. Additionally, M/s RSM & Co. was appointed as Secretarial Auditor for a 5-year term (FY25-FY30), and Ms. Samidha Bhatnagar was appointed as Chief Human Resource Officer (India Operations) effective May 20, 2025.

Likely market impact

The Rs. 6.50 per share dividend (130% on face value) provides a tangible return to shareholders and signals confidence in cash generation; the stock will likely trade ex-dividend around the May 26 record date. The registered office shift, auditor, and HR appointments are routine corporate housekeeping and not expected to move the stock meaningfully.