Please find enclosed the Outcome of Board Meeting held on May 14, 2026.
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Pearl Global Industries reported strong FY2025-26 results with consolidated revenue growing 11.5% to Rs 5,02,460 lakh and net profit rising 17% to Rs 27,003 lakh. 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, with record date May 21, 2026. The meeting also approved appointment of Mr. Rajesh Kumar Singh as Independent Director for 3 years, re-appointed Ernst & Young LLP as internal auditors, and approved acquiring an additional 9.99% stake in Indonesia subsidiary PT Pinnacle Apparels for USD 1.406 million, taking total ownership to 99.92%.
Strong financial performance with revenue and profit growth signals operational strength. The dividend declaration provides immediate shareholder reward, while the Indonesia stake acquisition demonstrates continued expansion strategy in the apparel manufacturing business.