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Pearl Global Industries Limited ( (IN:PGIL) ) has issued an announcement.
Pearl Global Industries Limited has reported no deviations or variations in the utilization of funds raised through its Qualified Institutional Placement (QIP) as of the quarter ending December 31, 2024. The funds, amounting to INR 149.50 crore, were directed towards working capital requirements, repayment of borrowings, and other corporate purposes, as initially planned. This compliance assures stakeholders of the company’s fiscal discipline and alignment with its stated financial objectives, reinforcing confidence in its strategic direction and operational management.
More about Pearl Global Industries Limited
Pearl Global Industries Limited operates in the garment manufacturing industry, focusing on producing apparel through various business segments catering to global markets. The company is known for its extensive manufacturing capabilities and diverse product offerings in the fashion industry.
YTD Price Performance: -9.24%
Average Trading Volume: 10,330
Current Market Cap: 66.93B INR
For a thorough assessment of PGIL stock, go to TipRanks’ Stock Analysis page.