Please find attached intimation regarding acquisition of additional stake in Subsidiary of the Company
PGIL · price
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Pearl Global Industries' Board approved audited Q4 and FY2026 results showing strong growth. Consolidated revenue rose to Rs 5,02,460 lakh (up 11.5% YoY) with net profit at Rs 27,003 lakh (up 17% YoY). Consolidated EPS improved to Rs 60.34 from Rs 54.96. The company declared a second interim dividend of Rs 8.50 per share (170%) for FY2025-26, with record date May 21, 2026. Key strategic move: the company will acquire an additional 9.99% stake in PT Pinnacle Apparels (Indonesia) through its step-down subsidiary DSSP Global Limited for USD 1.406 million, taking its holding from 89.93% to 99.92%. The acquisition is funded from internal accruals and described as strategic to increase shareholding. A new independent director (Mr. Rajesh Kumar Singh) was also appointed.
Strong financial performance with 17% profit growth and shareholder-friendly dividend payout. The near-complete acquisition of PT Pinnacle Apparels simplifies the group structure and should benefit minority shareholders through streamlined operations.