Please find enclosed the intimation for the Re-Appointment of M/s. Ernst & Young LLP as Internal Auditors of the Company effective from April 01, 2026 till March 31, 2027.
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Pearl Global Industries reported strong FY26 results with consolidated revenue of Rs 5,02,460 lakh, up 11.5% YoY from Rs 4,50,629 lakh. Net profit grew 17% to Rs 27,003 lakh from Rs 23,077 lakh. EPS improved to Rs 60.34 vs Rs 54.96. Q4 standalone revenue was Rs 30,428 lakh. The Board declared a second interim dividend of Rs 8.50 per share (170% on Rs 5 face value), amounting to Rs 3,923.57 lakh, with record date May 21, 2026. Mr. Rajesh Kumar Singh was appointed as Additional Independent Director for 3 years. The company, through its step-down subsidiary DSSP Global (HK), is acquiring an additional 9.99% stake in PT Pinnacle Apparels (Indonesia) for USD 1.406 million, increasing its holding to 99.92%. E&Y LLP was reappointed as internal auditors for FY27. Consolidated cash and cash equivalents stood at Rs 70,441 lakh. All audit opinions are unmodified.
Strong financial performance with double-digit growth in revenue and profit, combined with shareholder-friendly dividend and strategic consolidation of its Indonesian subsidiary, is positive for investors. The company maintains clean financials with unqualified audit reports.