Pearl Global Industries confirms no share encumbrance in FY26
Pearl Global Industries Limited filed a declaration with stock exchanges confirming no encumbrance of shares by promoters in FY26. The disclosure, signed by key promoters including Pulkit Seth and Payel Seth, adheres to SEBI regulations. Nim International Commerce LLP reported nil shareholding during the period.

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pearl global industries has confirmed that its promoters and persons acting in concert did not create any encumbrance on shares during the financial year ended March 31, 2026. The declaration, submitted to BSE Limited and National Stock Exchange of India Ltd., was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure ensures transparency regarding the pledging or hypothecation of promoter holdings, a key metric for investor risk assessment.
The filing was signed by promoters Pulkit Seth, Payel Seth, Deepak Kumar Seth, and Shifalli Seth. Additionally, a declaration was submitted on behalf of Nim International Commerce LLP, which is part of the promoter group. The document explicitly notes that the shareholding of Nim International Commerce LLP in Pearl Global Industries Limited remained nil during the financial year 2025-26.
The submission was addressed to the Department of Corporate Services at BSE Limited and the Listing Department at the National Stock Exchange of India Ltd. A copy of the declaration was also forwarded to the Audit Committee of Pearl Global Industries Limited. The disclosure was digitally signed and dated April 07, 2026.
Declaration Details
The declaration covers the following entities and their shareholding status:
| Promoter / Person Acting in Concert | Shareholding Status in FY26 |
|---|---|
| Pulkit Seth | No encumbrance |
| Payel Seth | No encumbrance |
| Deepak Kumar Seth | No encumbrance |
| Shifalli Seth | No encumbrance |
| Nim International Commerce LLP | Nil shareholding |
The confirmation of zero encumbrance indicates that the promoters have not used their shareholding as collateral to secure loans during the specified period. This reduces the risk of forced sales or stake dilution due to margin calls, which is a positive signal for the company's corporate governance standards.
Historical Stock Returns for Pearl Global Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.44% | -5.18% | +21.68% | +32.64% | +31.97% | +1,638.19% |
How will this clean pledge status impact Pearl Global Industries' cost of capital and ability to secure future financing?
Does the zero encumbrance position signal a strategic shift toward internal accruals for funding upcoming expansion plans?
Could this transparency boost institutional investor confidence and drive a re-rating of the stock in the upcoming quarters?































