Pearl Global Industries Limited (PGIL) has confirmed the incorporation of a new wholly-owned step-down subsidiary in Singapore, named Pearl Global Fashion Singapore Pte Limited. This entity commenced operations on March 27, 2026. It will function as a trading company catering to clients across Asia, Japan, Europe, and the US. The initial investment involved a nominal subscription of 1 Equity Share of 1 USD.
Establishment of Overseas Subsidiary
Pearl Global Industries Limited (PGIL) formally announced the successful incorporation of a new subsidiary based in Singapore. The newly formed entity is named Pearl Global Fashion Singapore Pte Limited. This incorporation establishes a new step-down subsidiary for PGIL, effective from March 27, 2026.
Structure and Ownership Details
The immediate holding company for the Singapore entity is Pearl Global (HK) Limited, which is itself a wholly owned subsidiary of PGIL. Consequently, Pearl Global Fashion Singapore Pte Limited becomes a step-down subsidiary of PGIL. Ownership confirmation shows that 100% of the paid-up share capital is held by Pearl Global (HK) Limited.
Operational Focus and Investment
The subsidiary will operate within the Apparels industry segment. Its primary business function will be to operate as a trading company, strategically positioned to cater to clients located in Asia, Japan, Europe, and the US. Regulatory approvals for this incorporation were secured from the Accounting and Corporate Regulatory Authority (ACRA) in Singapore. The initial capital outlay was minimal, involving an Initial Investment of 1 Equity Share of 1 USD, paid for via cash consideration.
Source: BSE
