Pearl Global Industry Plans Bonus Issue, Defers Stock Split

GURUGRAM, India — August 5, 2026 — Pearl Global Industries Limited (PGIL) announced today that its Board of Directors has recommended a 1:1 bonus share issue and approved its un-audited quarterly financial results for the first quarter ended June 30, 2026 (Q1 FY27). During the meeting held on Wednesday, August 5, 2026, the board also decided to defer a previously considered proposal to sub-divide (split) the company's equity shares.

The board meeting commenced at 5:30 PM IST and concluded at 7:30 PM IST. The recommendations and financial outcomes are subject to approval by the company's shareholders through a postal ballot process.

1:1 Bonus Issue Approved, Share Split Deferred

The apparel manufacturer’s board recommended the issuance of bonus equity shares in a 1:1 ratio, offering 1 new fully paid-up equity share of face value Rs 5 each for every 1 existing equity share of Rs 5 held by eligible shareholders as of a record date to be fixed later.

The bonus issue involves issuing 4,61,90,542 equity shares, capitalization of Rs 23.09 crore from reserves, and expanding the post-bonus equity share capital to Rs 46.19 crore across 9,23,81,084 equity shares. As of March 31, 2026, the company held Rs 549.26 crore in reserves available for capitalization. The bonus shares are estimated to be credited on or before October 4, 2026.

After deliberation, the board deferred the stock split proposal, stating that necessary regulatory disclosures will be made if and when the proposal is reconsidered in the future.

Q1 FY27 Financial Results Overview

Pearl Global reported robust operational growth for the quarter ended June 30, 2026.

• Consolidated Revenue from Operations: Standard revenue reached Rs 1,528.26 crore (Rs 15.28 billion), compared to Rs 1,227.91 crore in Q1 FY26 and Rs 1,313.58 crore in Q4 FY26.

• Consolidated Net Profit: Net profit for the quarter stood at Rs 99.23 crore, up from Rs 65.56 crore recorded in the same period last year.

• Consolidated Total Income: Total income reached Rs 1,538.97 crore compared to Rs 1,239.22 crore in Q1 FY26.

• Standalone Revenue from Operations: Operational revenue at the standalone level stood at Rs 339.61 crore against Rs 266.66 crore in Q1 FY26.

• Standalone Net Profit: Standalone profit after tax reached Rs 12.44 crore compared to Rs 25.84 crore in Q1 FY26.

Leadership Appointment and Strategic Expansion

The board approved the appointment of Major General Sandeep Vohra (Retd.) as an Additional Director in the capacity of Whole-Time Director for a three-year period starting August 5, 2026, subject to shareholder approval. Major General Vohra brings over 37 years of cross-functional military and strategic planning experience.

Additionally, during Q1 FY27, the company acquired an additional 9.99% stake in PT Pinnacle Apparels through its step-down Hong Kong subsidiary, DSSP Global Limited. This move raised PGIL's total stake in PT Pinnacle Apparels to 99.92%.

Official Sources Section

According to regulatory filings submitted to the BSE Limited and the National Stock Exchange of India Limited under Regulation 30 of SEBI Listing Regulations:

• The Board of Directors approved un-audited standalone and consolidated financial results reviewed by statutory auditors S.R. Dinodia & Co. LLP.

• Recommendations were recorded for the 1:1 Bonus Issue, pending shareholder consent via Postal Ballot.

• Official corporate updates can be verified directly on
  Pearl Global Industries Limited

Board Announcement Context

"The Board, after due deliberation, decided to defer the proposal for sub-division of the equity shares of the Company," stated Shilpa Saraf, Company Secretary & Compliance Officer of Pearl Global Industries Limited, in an official exchange release. "The Company will make the necessary intimations as and when the proposal is considered by the Board in future."

Why It Matters

The approval of a 1:1 bonus share issue signals strong reserve health and capital confidence from Pearl Global’s board. Capitalizing reserves increases market liquidity and share circulation without altering market capitalization. Meanwhile, delaying the share split keeps nominal face value constant while the market processes the company's strong top-line revenue growth across international operating segments in Hong Kong, Bangladesh, India, and Vietnam.

Key Facts at a Glance

• Bonus Issue Ratio: 1:1 (1 bonus share for every 1 existing equity share held).

• Stock Split Status: Proposal deferred by the Board of Directors.

• Q1 FY27 Revenue: Consolidated revenue from operations stood at Rs 1,528.26 crore.

• Q1 FY27 Net Profit: Consolidated net profit rose to Rs 99.23 crore.

• Key Executive Change: Major General Sandeep Vohra (Retd.) appointed Whole-Time Director for 3 years.

Frequently Asked Questions

What is the bonus ratio announced by Pearl Global Industries? Pearl Global Industries announced a 1:1 bonus issue, granting 1 free equity share of face value Rs 5 for every 1 equity share held.

Did Pearl Global proceed with its stock split? No, the Board of Directors decided to defer the proposal for the sub-division (split) of equity shares.

What was Pearl Global's revenue in Q1 FY27? The company reported consolidated revenue from operations of Rs 1,528.26 crore for the quarter ended June 30, 2026.

When will the bonus shares be credited to shareholders? The bonus equity shares are expected to be dispatched or credited within two months of board approval, on or before October 4, 2026.

Source: Official regulatory disclosures filed by Pearl Global Industries Limited with BSE Limited and National Stock Exchange of India Limited on August 5, 2026.