PEARLGLOBL

Pearl Global Ltd has informed the Exchange that the Company is in the process of buying / leasing Manufacturing Unit in Gurgaon, which will add to the production capacity of the Company.

Pearl Global Ltd has informed the Exchange that Mr. Jayant Sood has resigned from the post of Company Secretary and Compliance Officer of the Company with effect from July 20, 2006. Further, Mr. Narayan Jee Jha has been appointed as Company Secretary and Compliance Officer with effect from July 21, 2006.

Pearl Global Ltd has informed the Exchange that the Board of Directors of the company in their meeting held on July 18, 2006, considered and approved, as under:- (a) Re-appointed Mr. Pulkit Seth as Managing Director and increased the remuneration payable thereof, subject to approval of shareholders for a period of two years with effect from August 01, 2006 to July 31, 2008. Mr. Pulkit Seth is re-appointed in the category of Executive Director of the Company will have substantial powers to manage the day-to day affairs and operations of the Company, under the superintendence and control of the

Pearl Global Ltd has informed the Exchange that the Company has filed, Scheme of Arrangement, for Amalgamation of Pearl Styles Limited and City Estates Pvt. Ltd. with Pearl Global Limited, with Hon'ble High Court of Delhi at New Delhi, on July 03,2006.

News Verification : The media had reports on July 01,2006 that Pearl Global Ltd may rope in a strategic partner for its retail foray.. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Pearl Global Ltd has vide its letter inter-alia stated, "This activity is proposed to be undertaken by the Group Company "HOUSE OF PEARL FASHIONS PVT LTD." As such no activity into retail is being planned in the listed entity Pearl Glo

Pearl Global Ltd has informed the Exchange that the Board of Directors of the Company in their meeting held on June 28, 2006 has recommended a dividend of 30% for the financial year 2005-2006, subject to the approval of shareholders of the Company in the ensuing AGM.

Standard Chartered Investments and Loans (India) Ltd. has informed the Exchange that Standard Chartered Investments and Loans (India) Ltd. - as Pledgee have acquired 650000 shares aggregating to 8.21% of the total paid up capital of Pearl Global Ltd on May 09, 2006. The mode of acquisition is By way of pledge in terms of Explanation to Regulation 7 and the shareholding of Standard Chartered Investments and Loans (India) Ltd. - as Pledgee after the said acquisition is 650000 shares aggregating to 8.21% of the total paid up capital of Pearl Global Ltd..

Pearl Global Ltd has informed the Exchange that due to personal reasons, Mr. Amit Seth has been resigned from the Directorship of the Company, with immediate effect, vide his resignation letter dated April 24, 2006, received by the Company on May 09, 2006. Further the company has informed the Exchange that Mr. Amit Seth has also resigned from M/s Pearl Styles Limited, Subsidiary Company of Pearl Global Limited, with immediate effect. Further the Company has also informed the Exchange that Mr. Anil Nayar, Independent Director of the Company has been appointed as Independent Director of its Subs

Pearl Global Ltd has informed the Exchange that new Production Unit of the company for production of Bottoms, Chinos, Jeans, etc., has been set up in D-6/II, Phase-II, Zone-B, MEPZ-SEZ, Tambaram, Chennai-600 045, Tamilnadu. This unit has commenced its commercial production from April 29,2006.

Pearl Global Ltd has informed the Exchange that the BODs in their meeting held on February 07,2006 (adjourned from January 31,2006) have accorded their consent to the feasibility study of Merger of Pearl Styles Ltd. and City Estates Pvt. Ltd. with Pearl Global Limited and approved the Scheme of Amalgamation between Pearl Styles Limited and City Estates Pvt. Limited with Pearl Global Limited, subject to approval of Shareholders and Creditors and Sanction of Hon'ble High Court of Delhi at New Delhi. The BODs have recommended the Swap Ratio of 30.16 equity shares of Pearl Global Limited for every

Deepak Seth & Sons (HUF) has informed the Exchange that they have acquired 17,000 shares aggregating to 0.21% of the total paid up capital of Pearl Global Ltd on November 17, 2005.The mode of acquisition is Inter se transfer and the shareholding of Deepak Seth & Sons (HUF) after the said acquisition is 1,34,799 shares aggregating to 1.70% of the total paid up capital of Pearl Global Ltd..

Pearl Global Ltd has informed the Exchange that Deepak Seth & Sons (HUF) have acquired 17,000 shares aggregating to 0.21% of the total paid up capital of Pearl Global Ltd on November 17, 2005.The mode of acquisition is Inter se transfer and the shareholding of Deepak Seth & Sons (HUF) after the said acquisition is 1,34,799 shares aggregating to 1.70% of the total paid up capital of Pearl Global Ltd..

Pearl Global Ltd has informed the Exchange that the Board of Directors in their meeting held on October 29, 2005, considered, approved and took on record the following :- The Board has in-principle agreed for amalgamating Pearl Styles Ltd. and city Estates Pvt. Ltd. With Pearl Global Ltd. The Board has further instructed the management to submit the Scheme of Amalgamation before the Board and to appoint suitable agency for carrying on activities in respect to the Scheme of Amalgamation between the three Companies smoothly. Further, the Board of Directors of Pearl Styles Ltd. And City Estates P

Pearl Global Ltd has submitted to the Exchange a copy of Minutes of the AGM of Members of the Company held on September 23, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Pearl Global Ltd has informed the Exchange that the Annual General Meeting of the members will be held on September 23, 2005 and the register of members/Beneficial Ownership List and Share Transfer Register of the Company shall remain closed from September 13, 2005, till September 23, 2005(both days inclusive).

Pearl Global Ltd has informed the Exchange that Mr. Partho P. Kar, vide his letter dated May 24, 2005 resigned from the post of CEO and Whole Time Director of the Company w.e.f. May 31, 2005. Resignation of Mr. Partho P. Kar has been approved by the Board of Directors in their meeting held on June 09, 2005.

Pearl Global Ltd has informed the Exchange that Shri Jayant Sood has been appointed as Company Secretary and he shall be Compliance Officer for all Listing Compliances of the Company w.e.f. May 31, 2005. The Company has further informed the Exchange that Shri Rajan Mittal has resigned from the post of Company Secretary w.e.f. June 01, 2005.

Pearl Global Ltd has informed the Exchange that the Board of Directors of the Company in their meeting held on March 31, 2005, considered and approved unanimously, as under: 1) The resignation of Shri Sanjay Pershad from the office of Whole-time Directorship of the Company w.e.f. the close of business hours on March 31, 2005. The Board further resolved that Shri Sanjay Persad will continue to be on the Board as the Non-Executive Director of the Company and that no Managerial Remuneration will be paid to him w.e.f. April 01, 2005. Accordingly, he shall be entitled to the applicable Sitting Fe

Pearl Global Ltd has informed the Exchange that the Board Meeting scheduled to be held on March 23, 2005 to consider the appointment of Shri Pulkit Seth, Director of the Company, as Managing Director of the Company, with effect from April 01, 2005 has been called off due to unavoidable reasons.

Pearl Global Ltd has informed the Exchange that the BODs of the company in their meeting held on January 12,2005,discussed, inter-alia, the Market Scenario after implementation of Multi Fibre Agreement under which Quota Regime has given way to Open Trading from January 01,2005 and has unanimously felt that there is an urgent need to not only consolidate the Company's position in the International Market, but an aggressive and extensive market strategy is to be followed and implemented keeping in view the ever changing International Market demands and sentiments.

Pearl Global Ltd has informed the Exchange regarding Special Resolutions under Section 192A of the Companies Act, 1956 read with Companies (Passing of Resolution by Postal Ballot) Rule' 2001 for insertion of new three Object Sub - Clauses No. 8, 9 and 10 after the existing Sub - Clause No. 7 under the Heading Clause III A - "Main Objects to be pursued by the Company on its incorporation". The details of the poll results is as follows : 1) Total Shares Polled - 5993942 shares; 2) Invalid Shares Polled - 11996 shares; 3) Valid Shares Polled (1-2) - 5981946 shares (100%); 4) Votes in Favour - 597

Pearl Global Ltd has informed the Exchange that pursuant to Section 192A of the Companies Act, 1956, the Company is proposing to seek consent of members by way of postal ballot to amend the Main object clause of the Memorandum and Articles of Association of the Company. The Company has appointed Shri Mahesh K Gupta, a Practicing Company Secretary, as the Scrutinizer for conducting the Postal Ballot process. The duly filled Postal Ballot Form should reach the Scrutinizer on or before November 06, 2004 and the result of the postal ballot will be announced on November 11, 2004.

Pearl Global Ltd has informed the Exchange that at the AGM of the shareholders held on September 27, 2004, the following Resolutions were unanimously passed by the Members : 1) reappointment of Shri Anil Nayar and Shri N K Aneja as Directors liable to retire by rotation; 2) appointment of Shri Sanjay Pershad as Whole time Director of the Company for a period of three years commencing from June 01, 2004; 3) appointment of Shri Partho P Kar as Director liable to retire by rotation; 4) appointment of Shri Partho P Kar as CEO and Whole time Director of the Company for a period of three years comme

Pearl Global Ltd has informed the Exchange that the BoD's of the company in their meeting held on September 27, 2004, have subject to all necessary consents and approvals, approved unanimously the following : a) Appointment(s) of Shri Pallak Seth and Shri Pulkit Seth, both NRI's and relative of Shri Deepak Seth, Chairman of the Company, as Additional Directors of the Company with effect from October 01, 2004. b) Re-appointment of M/s S. R. Dinodia & Co., Chartered Accountants, as Statutory Auditors of the Company from the conclusion of Annual General Meeting until the conclusion of the next A

(9) To design, develop, maintain, programme, buy, import, export, sell, licence, market, implement, rent, hire, acquire, sub-contract and deal in all kind of software and software related systems, services and activities, engineering designs, computer systems, communication systems, programmed products, provide consultancy, data processing services and complete software or computer based solutions. (10) To carry on the business of analyzing, maintaining, compiling, coding, converting, programming and advising on matters relating to purchase, design, development and implementation of all kind o