Pearl Global Industries Limited — Others, 20-05-2025: Monitoring Agency Report

Pearl Global Industries Limited has announced a board meeting to review the Monitoring Agency Report from ICRA on the use of funds raised via its QIP of INR 149.5 Cr. The report confirms that the entire amount was deployed as planned—INR 83.68 Cr for working capital, INR 13.5 Cr for debt repayment, and INR 52.33 Cr for inorganic growth and corporate purposes. Issue expenses of INR 3.69 Cr were charged under growth initiatives. This demonstrates disciplined fund management with no unutilized proceeds, ensuring transparency and efficient capital allocation for growth.