Pearl Global Industries said that it has incorporated a subsidiary company, Pearl Knitting & Dyeing Industries in Bangladesh on 23 March 2025.
The subsidiary company has been incorporated to setup Knit Fabric Processing along with garment manufacturing facility. The company holds a 99.90% stake in the shares of Pearl Knitting & Dyeing Industries, with an initial investment of $10,000.It is incorporated as subsidiary of Pearl Global Industries. However, necessary approval would be taken as and when any related party transactions will be undertaken
Pearl Global Industries is a multinational cloth manufacturing company in India that provides end-to-end supply chain solutions to brands across the globe.
The companys consolidated net profit jumped 57.4% to Rs 56.27 crore in Q3 FY25 as compared with Rs 35.75 crore in Q3 FY24. Net sales increased 45.2% YoY to Rs 1022.53 crore during the quarter ended 31st December 2024.
The scrip shed 0.45% to end at Rs 1281.85 on Monday, 24 March 2025.
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