Mumbai, March 25 -- The subsidiary company has been incorporated to setup Knit Fabric Processing along with garment manufacturing facility. The company holds a 99.90% stake in the shares of Pearl Knitting & Dyeing Industries, with an initial investment of $10,000.

It is incorporated as subsidiary of Pearl Global Industries. However, necessary approval would be taken as and when any related party transactions will be undertaken

Pearl Global Industries is a multinational cloth manufacturing company in India that provides end-to-end supply chain solutions to brands across the globe.

The company's consolidated net profit jumped 57.4% to Rs 56.27 crore in Q3 FY25 as compared with Rs 35.75 crore in Q3 FY24. Net sales increased 45.2% YoY to R...