Interim report
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PEARL GLOBAL Exceeding Expectations ... Always PGIL / SE / 2026-27 / 43 Date : August 05 , 2026 To , The General Manager , Department of Corporate Service CRD BSE Limited 1st Floor , New Trading Ring Rotunda Building , P. J. Towers Dalal Street , Fort , Mumbai - 400 001 BSE Scrip Code - 532808 Subject : The General Manager , Listing Department Outcome of meeting of the Board of Directors of Pearl Global Industries Limited ( " the Company ” ) in terms of the provisions of Regulation 30 of SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 . Dear Sir / Madam , With reference to the captioned subject and in terms of the provisions of Regulation 30 of SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 ( " SEBI Listing Regulations " ) , we wish to inform your good office that the Board of Directors of Pearl Global Industries Limited ( " the Company ” ) at their meeting held today i.e. , Wednesday , August 05 , 2026 , has , inter alia , considered and approved the following matters : 1. Financial Results for the quarter ended June 30 , 2026 Approved the Un - audited Financial Results ( Standalone and Consolidated ) for the quarter ended June 30 , 2026 , as recommended by the Audit Committee . Pursuant to the Regulation 33 of SEBI ( Listing Obligations and Disclosure Requirements ) , Regulations , 2015 , we are enclosing herewith Un - audited Financial Results ( Standalone and Consolidated ) for the quarter ended June 30 , 2026 , along with Limited Review Report ( Standalone and Consolidated ) issued by the Statutory Auditors of the Company . A copy of the approved Un - audited quarterly financial results dated June 30 , 2026 , are annexed herewith as Annexure - A . 2. Appointment of Major General Sandeep Vohra ( Retd . ) ( DIN : 11824360 ) as an Additional Director in the capacity of Whole - Time Director of the Company Approved the Appointment of Major General Sandeep Vohra ( Retd . ) ( DIN : 11824360 ) as an Additional Director in the capacity of Whole -Time Director of the Company , for a period of three consecutive years effective from August 05 , 2026 , as recommended by the Nomination and remuneration Committee . Pearl Global Industries Limited Regd . & Corp. Office : Pearl Tower , Plot No. 51 , Sector - 32 , Gurugram - 122001 , Haryana ( India ) Tel : + 91-124-4651000 | E : info@pearlglobal.com CIN : L74899HR1989PLC140150 www.pearlglobal.com
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Pearl Global Industries Limited Regd. & Corp. Office: Pearl Tower, Plot No. 51, Sector-32, Gurugram – 122001, Haryana (India) Tel: +91-124-4651000 l E: info@pearlglobal.com CIN: L74899HR1989PLC140150 w w w . p e a r l g l o b a l . c o m The details pertaining to the appointment of Major General Sandeep Vohra (Retd.) as required under Regulation 30 read with Schedule III of SEBI Listing Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, has been attached below as Annexure-B 3. Issuance of Bonus Equity Shares (Subject to approval of Shareholders): Considered and recommended issue of Bonus Equity Shares in the ratio of 1:1 i.e., 1 Equity Share(s) of Rs. 5/- each for every 1 Equity Share(s) of Rs. 5/- each to the eligible members of the Company, as on the Record Date, as may be fixed by the Company, subject to the approval of the Shareholders of the Company. Details as required under Regulation 30 of SEBI Listing Regulations read with read with Schedule III of SEBI Listing Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, with respect to the Bonus Issue is enclosed as 'Annexure C’. 4. The Board, after due deliberation, decided to defer the proposal for sub-division of the equity shares of the Company. The Company will make the necessary intimations as and when the proposal is considered by the Board in future. 5. Constituted a Bonus Allotment Committee for deciding/ approving all the matters incidental thereto and in relation to the Bonus Issue of Shares. 6. Approved the draft Notice of Postal Ballot for seeking the approval of the members of the Company for the appointment of Major General Sandeep V ohra (Retd.) as the Whole-Time Director, Sub-division of equity shares, Issuance of bonus equity shares, and other matters incidental thereto. The Meeting of the Board of Directors of the Company commenced at 05:30 P.M. and concluded at 07:30 P.M. The aforesaid information is also available on the website of the Company at www.pearlglobal.com under Investor Relations Section. Kindly take the same on your records. Thanking You, Yours Faithfully, For Pearl Global Industries Limited (Shilpa Saraf) Company Secretary & Compliance Officer ICSI Mem. No. A23564 Enclosures: a/a
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Pearl Global Industries Limited Regd Office Pearl Tower. Plot No 51, Sector 32, Gurugram 122001 Haryana [Statement of Standalone & Consolidated Un-audited Financial Results for the quarter ended June 30, 2026 L74899HR 1989PLC 140150, Tel 0124-4651000, Website www peariglobal com E-mail investor pgi@peariglobal com (A1l amount i Rs Iakn_unless, otherwse stated) [siNo. TParticutars. Consolidated Standalone Quarter Quarter Quarter Year Quarter Quarter Quarter Vear Ended Ended Ended Endod Ended Ended Ended Ended 3006 2026 31032026 30062025 31032026 30.06.2026 31.03.2026 30062025 31032026 (Unaudited) (Audited) (Unaudited) (Audited) (Unaudited) (Audited) (Unaudited) (Audited) (Refer note 3) (Refer note 3) Revenue 1 | Revenue from Operatons 152826 11 131.357 50 12279171 50245978 3396089 3042835 2666574 10812883 il | Otner income 107138 101860 113020 371334 120373 119172 258409 778379 i | Total income from operations (1+1) 153.897.45 1.32376.10 12392191 | 50817312 3516462 3162007 20.259.83 11589262 IV [Expenses ) Cost of material consumed 6873262 5537975 s3as232 | 21437643 14716 41 12.455 45 1198528 4813923 o) Purchase of stock n trade. 1921857 9569582 13624 40 5219568 = - - ) Changes in inventories of finished goods,work in progress and| (13890 12) 210823 2831|167 49) (888 27) 61260 (568 93) (1.100.12) stock in rade o) Emgioyes benefits expense 27148 38 2544013 2194618 9563252 7.72400 681273 666337 27.389.55 &) Finance costs 285784 263018 273526 1032243 73759 83895 54492 3.408.65 Depreciation and amortzation expense 256581 228072 197167 8727 17 69423 89333 63049 2823.08 ) Other expenditure 35236 00 2528514 23346 56 9703292 1019028 s19862 674976 29386.75 Total expenses (V) 1.41,668.10 1,22817.97 11625708 | 47511968 3317433 29,609.68 2640584 10799714 v |Profit/ (Loss) from Operations before exceptional Items. (Il 1222935 9,558.13 7,664.83 3105346 199029 201039 285399 7,895.48 V) Vi |Exceptional flems. 27275 5336 3198 12308 25857 4015 3196 10384 Vil |Profit (Loss) before Tax (V-VI) 11.956.60 950477 763287 3093038 173172 157024 282203 7.791.64 Vil [Tax Expense a Curent Tax 185995 1.689.18 129683 508201 29415 65983 32695 122391 b Deferred Tax 17322 (28279) 21900 (1154 48) 19346 10721 (89.29) (314.55) Adiustment of tax relating to earfier vears - - Total Tax Expenses (Vill) 203347 140639 107693 3.927.55 8761 55262 23768 909.36 X |Net Profit/ (Loss) for the period (VIL-VIll 992343 803838 655594 27.00283 124411 141762 258437 6.882.28 X |Total other comprehensive income for the period (2)items that will not be reciassifid 10 profit or 055 (©200) (40085) (56.28)| (569 14) 2563) 38405 (3200 29001 (6) Income Tax(beneftiexpense on items that wil ot bel 666 (10.82)] 807 1285 645 (96.56) 805 (7299) rectassified (0 profit and loss () iterns that will be reclassified to profitor loss 28371 479958 (89553) 810158 42687 19452 18338 (475.85) (9) Income Tax(benefityexpense on items that wil be reciassifed| (107 43 (48.96)| (46 16)| 11976 (107.43) (48.96) (a6 15) 11976 t0 orofit and loss. Total Other Comprehensive Income 12594 433895 (989.90) 7.665.05 30026 43295 1325 (139.07) Xi [Total comprehensive income for the period (IX+X) 10.049.37 1243733 5.566.04 3466788 154437 185057 259762 6.743.21 (Comprising profit(ioss) and other Comprehensive Income. for the period) XiI [Nt Profit/ (Loss| for the period attributable to Owners of the Company. 1005069 832590 e78220| 2776538 Non Controling Intorest 127 26) @275 226.30) (762 55) Other Comprehensive Income for the period attributable to ‘Owiners of the Company 12487 441368 1987 65)] 777072 Non Controling Interest 107 a7 225) (10567 Total Comprehensive Income for the period attributabie to Owners of the Company 1017555 12,739.56. 579459 3553 10 Non Controiing Interest (126 19) (30223) 22855) (@65 22) Xl |Paid-up eauity share capital 230921 230730 220781 230730 230921 230730 220781 230730 (Face value of Rs Si-each) XV |Reserves (excluding Revaluaton Reserve) 143674 18 5589508 XV |Eaming Per Share (in Rs.) (of Rs 5 each) (not annualise) (a) Basc 2177 1805 1476 6034 268 307 563 1496 (o) Dites 217 1800 1462 6076 269 308 557 1491
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Notes to Financials Results for the quarter ended June 30, 2026: 1 Place : Gurugram Date * August 5. 2026 The standalone and consolidated financial results of the company for the quarter ended June 30, 2026 have been reviewed by the Audit Commitiee and approved Dy the Board of Directors al their respective meetings held on August 5, 2026 The Statutory Auditors of the company have carried out a Limited review on these| financial results The above financial results have been prepared in accordance with the recognition and measurement principles of accounting standards generally accepted in| India. including the Indian Accounting Standards (‘Ind AS") prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 The figures of the quarter ended March 31, 2026 as reported in these financial results are the balancing figures between the audited figures in respect of the full financial year ended March 31, 2026 and the unaudited published year-to-date figures upto the third quarter of the respective financial year. The figures upto the| end of third quarter of previous financial year has only been reviewed and not subjected to audit. The standalone operations of the company falls primariy under manufacturing of garments which is considered to be the only reportable segment by the management. For consolidated operations, the Group has primarily four operating segments (Hongkong, Bangladesh, India and Vietnam), which have been| determined and presented on geographical basis. Other income of ¥ 1,203.73 lakh in respect of standalone financial results for the quarter ended June 30, 2026, includes Dividend of Rs. 477.88 lakh received from| foreign subsidiary, Pearl Global (HK) Limited. The Board of Directors in its meeting held on August 05, 2026 have approved, subject to shareholders approval the issue of 1 (one) fully paid bonus equity share| of face value of Rs 5/~ for every 1 (one) fully paid equity share of face value of Rs.5/- each. The Board of Directors of the Company at its meeting held on May 14, 2026 had declared second interim dividend of Rs. 8.50/- per equity share having face value of Rs. 5/- each for the financial year 2025-26 . Such Dividend has been paid during the quarter ended June 2026. Exceptional items comprised Loss on sale of Property, Plant & Equipment & Property Tax, consequent to setilementidisposal of the matter with the Municipal Corporation amounting to Rs. 9.12 lakh (net) and Rs. 248.45 lakh respectively in respect of Standalone financial results for the quarter ended June 30, 2026 Exceptional items comprised Loss on sale of Property, Plant & Equipment & Property Tax, consequent to settiementidisposal of the matter with the Municipall Corporation amounting to Rs. 23.30 lakh (net) and Rs. 248.45 lakh respectively in respect of Consolidated financial results for the quarter ended June 30, 2026 Employee benefit expenses is provided for Rs. 16.37 lakh in standalone financials and Rs. 27.17 lakh in consolidated financials against the stock options given to employees of the company/subsidiary company. During the quarter under review, 38100 shares were allotteed to the eligible employees of the group on exercise| of stock options Subsequent Event The Nomination and Remuneration Commitiee had granted 1,24,000 Stock Options to the eligible employees of the Company/ Subsidiaries on August 05, 2026, During the quarter ended June 30, 2026, the Company through its Step-Down Subsidiary, DSSP Global Limited, Hong Kong, has acquired an additional .9% stake from the Minority Shareholder(s) in PT Pinnacle Apparels. Post this acquisition, the Company through its Step-Down Subsidiary, DSSP Global Limited, Hong Kong is now holding 99 92% stake in PT Pinnacle Apparels The unaudited results of the company for the quarter ended June 30, 2026 are also available on the Company's website (www. peariglobal com) and on the website of BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com) By Order of the Board (Pallab Banerjee) Managing Director DIN 07193749
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ment wise Revenue, Resuits, Assets and Liabilities (Consolidated) Year Geographical Segment Quarter Ended Quarter Ended Quarter Ended Ended 30.06.2026 % 31.03.2026 % 30.06.2025 % 31032026 % (Unaudited) (Audited) (Unaudited) (Audited) Segment Revenue Hong Kong 1,12,041.88 44.01 9807807 44.98 9837816 49:31 39370595 48.12 India 3434392 13.49 31,151.43 14.29 2666574 1336 10944644 1338 Bangladesh 4441769 1745 4975327 2282 3304527 1656 169,15132 2067 Vietnam 4095398 16.09 1765082 £.09 3367436 1688 9844370 1203 Others 2280968 8.96 2142477 9.82 776330 389 4743348 5.80 Total 2,54,567.15 100.00 2,18,058.36 10000 1,99,526.83 100.00 8,18,180.89 100.00 Less: Inter Segment Revenue 1,01,741.04 86,700.86 76.735.12 3,15,721.11 Net Segment Revenue 1,52,826.11 1,31,357.50 122,791.71 5,02,450.78 Segment Results Profit /(Loss) before Tax and Interest Hong Kong 250566 17.28 424779 3500 425320 4102 1633163 39.59 India 1667.27 11.41 232669 19.17 121539 1172 4677.38 11.34 Bangladesh 281306 19.25 395827 3262 191268 1845 12,017.66 29.13 Vietnam 617463 4225 74884 6.17 381746 3682 9,105.16 22.07 Others 143382 981 85336 7.04 (830.60) (8.01) (879.02) (2.13) Total 14,614.44 100.00 12,134.95 100.00 10,368.13 100.00 41,252.81 100.00 Less : Interest 2657.84 2,630.18 2735.26 10,32243 Total Profit before Tax 11,956.60 9,504.77 7,632.87 30,930.38 Segment Assets Hong Kong 109.85923 3146 8941361 27.56 7266673 2796 8941361 27.56 ¥ India 9798426 2806 10074372 3105 9050513 3483 10074372 3105 Bangladesh 101497.32 29.07 9580816 29.53 7081579 2725 9580816 29.53 Vietnam 55207.00 15.81 51,007.54 1572 3597061 1384 51,007.54 1572 Others 51658.83 14.79 3625893 11.17 2306262 888 3625893 1117 Un-allocable Assets 3718514 10.65 3602908 11.10 2967783 1142 3602908 11.10 Less: Inter Segment (1,04,198.81) (29.84) (84,791.01) (26.13) (62,828.81) (24.18) (84,791.01) (26.13) Total 34919297 10000 3,24470.03 100.00 2,59,869.90 100.00 3,24,470.03 100.00 Seqment Liabilities Hong Kong 46.468.57 23.19 29,829.11 1651 3185107 2226 2982911 16.51 India 3323359 16.59 3171295 1755 2262844 1581 3171295 1755 Bangladesh 4536658 2264 4685558 2593 3444896 2407 4685558 25.93 Vietnam 3054219 15.24 2942955 16.29 1778021 1243 2942055 1629 Others 2634525 13.15 18,84350 1044 1026762 748 1884350 10.44 Un-aliocable Liabilties 9349148 4666 81,090.79 44.88 6456753 4512 81,090.79 44.88 Less: Inter Segment (75.072.38) (37.47) (57,090.46) (31.60) (38,444.02) (26.87) (57,090.46) (31.60) Total 20037528 10000 1,80,671.02 100.00 143,099.81 100.00 1,80,671.02 _100.00
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Pearl Global Industries Limited Regd. & Corp. Office: Pearl Tower, Plot No. 51, Sector-32, Gurugram – 122001, Haryana (India) Tel: +91-124-4651000 l E: info@pearlglobal.com CIN: L74899HR1989PLC140150 w w w . p e a r l g l o b a l . c o m Annexure-B The details of appointment as required under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“Listing Regulations”) and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are as below: Sr. No. Particulars Details 1 Reason for change viz. appointment, re-appointment, resignation, removal, death or otherwise Appointment of Major General Sandeep V ohra (Retd.) as Additional Director in the capacity of Whole -Time Director 2 Date of appointment/re- appointment/cessation (as applicable) & term of appointment/re-appointment Date of Appointment: August 05, 2026 Term of Appointment: For a period of 3 consecutive years effective from August 05, 2026, subject to approval of shareholders. 3 Brief profile Major General Sandeep V ohra (Retd.) holds B.Tech. (Civil Engineering) - College of Military Engineering, Pune (JNU), M.Sc. (Defense & Strategic Studies) – University of Madras, Master of Management Studies– Osmania University, Leadership Program for Strategic Leaders - IIM, Indore, Masters Diploma in Public Administration - Indian Institute of Public Administration, New Delhi, M.Phil. (Social Sciences) - Panjab University. Major General Sandeep V ohra (Retd.) is a distinguished leader with over 37 years of cross- functional experience across strategic planning, large-scale infrastructure development, operational logistics, risk management, and human resources. A veteran of the Indian Army, he brings a proven track record of managing multi-thousand-person teams, directing capital-intensive projects, and navigating complex operational environments with strict adherence to governance and efficiency. . 4 Disclosure of relationships between directors (in case of appointment of a director). Not Applicable
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Pearl Global Industries Limited Regd. & Corp. Office: Pearl Tower, Plot No. 51, Sector-32, Gurugram – 122001, Haryana (India) Tel: +91-124-4651000 l E: info@pearlglobal.com CIN: L74899HR1989PLC140150 w w w . p e a r l g l o b a l . c o m Annexure C Disclosure of information pursuant to Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Sr. No. Particulars Details 1. Types of Securities proposed to be issued (viz. equity shares, convertibles etc.) Equity Shares 2. Type of issuance (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment, etc.) Bonus Issue of Equity Shares 3. Total number of securities proposed to be issued 4,61,90,542/- Equity Shares of Rs. 5 /- each. 4. Whether the bonus is out of free reserves created out of profits or a share premium account Bonus shares will be issued out of General Reserve, Capital Redemption Reserve, Securities Premium, and Retained Earnings of the Company available as of March 31, 2026 5. Bonus ratio 1:1 i.e., 1 new fully paid-up Equity Share of Rs. 5/- each for every 1 existing equity share of Rs. 5/- each fully paid-up. 6. Details of share capital - pre and post-bonus issue Equity Share Capital prior to the Bonus Issue Rs. 23,09,52,710/- divided into 4,61,90,542 Equity Shares of Rs.5/- each. Equity Share Capital post Bonus Issue Rs. 46,19,05,420/- divided into 9,23,81,084 Equity shares of Rs. 5/- each. 7. Free reserves and/ or share premium are required for implementing the bonus issue Rs. 23,09,52,710/- would be capitalized from the sum standing to the credit of General Reserve, Capital Redemption Reserve, Securities Premium and Retained Earnings, of the Company, for implementing the Bonus Issue. 8. Free reserves and/ or share premium available for capitalization and the date as on which such balance is available As on March 31, 2026, the Company has an aggregate balance of Rs. 549.26 Crore standing to the credit of General Reserves, Capital Redemption Reserve, Securities Premium and Retained Earnings available for the purpose of capitalization. 9. Whether the aforesaid figures are audited Yes
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Pearl Global Industries Limited Regd. & Corp. Office: Pearl Tower, Plot No. 51, Sector-32, Gurugram – 122001, Haryana (India) Tel: +91-124-4651000 l E: info@pearlglobal.com CIN: L74899HR1989PLC140150 w w w . p e a r l g l o b a l . c o m 10. Estimated date by which such bonus shares would be credited/dispatched Bonus Shares are expected to be credited within 2 (Two) months from the date of approval of the Board of Directors, i.e., on or before October 04, 2026. For Pearl Global Industries Limited (Shilpa Saraf) Company Secretary & Compliance Officer ICSI Mem. No. A23564