Please find attached intimation regarding appointment of Mr. Rajesh Kumar Singh as Non-Executive, Independent Director
PGIL · price
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Pearl Global Industries reported strong FY2026 results with consolidated revenue of Rs. 5,02,460 lakh, up 11.5% from Rs. 4,50,629 lakh in FY2025. Net profit grew 17% to Rs. 27,003 lakh from Rs. 23,077 lakh, with EPS rising to Rs. 60.34 from Rs. 54.96. 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, payable within 30 days with record date May 21, 2026. Mr. Rajesh Kumar Singh was appointed as Non-Executive Independent Director for 3 years effective May 14, 2026. Additionally, 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, increasing its holding to 99.92%.
Strong financial performance with 17% profit growth and attractive dividend yield should support the stock. The appointment of an independent director strengthens governance, while the stake increase in the Indonesian subsidiary demonstrates strategic expansion of overseas operations.