2006 -Clothing company House of Pearl Fashions Ltd on Oct 10, filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering. The company plans to offer 6.12 million shares at a price to be determined during the book-building process, it said in a statement. At least 50 per cent of the share issue will be earmarked for institutional investors, with 35 per cent set aside for retail investors. House of Pearl Fashions didn't disclose the amount of money it aims to raise through the IPO. The investment manager for the issue will be JM Morgan Stanley Private Ltd. The Company was incorporated as a private limited company under the name Mina Estates Private Limited on July 5, 1989 under the Companies Act, 1956. The name of the Company was subsequently changed to House of Pearl Fashions Private Limited by a special resolution of the members of the Company passed at the extra ordinary general meeting on May 9, 2006. The fresh certificate of incorporation consequent upon the change of name was granted on June 19, 2006, by the RoC. The Company became a public limited company pursuant to a special resolution of its shareholders passed at the extra ordinary general meeting on June 28, 2006. Pursuant to this special resolution, the name of the Company was changed to House of Pearl Fashions Limited. The certificate of incorporation was amended to reflect the new name on July 31, 2006 by the RoC. On October 24, 2000, pursuant to a scheme of merger approved by the Delhi High Court (the "Merger Scheme"), the Company acquired the properties, rights and claims of Seth Real Estates Private Limited, Passion Estates Private Limited, India Watch Company Private Limited, Atlanta Estates Private Limited, Pearl Housing (India) Private Limited and J.R. Apparel Private Limited (the "Transferor Companies") and the Transferor Companies merged with and into the Company effective April 1, 1999. On January 20, 2001, under the terms of the Merger Scheme, the shareholders of the Transferor Companies were granted an aggregate of 5,98,570 Equity Shares in the Company for consideration other than cash. Historically, we conducted business as a separate group of companies. Our domestic operations have been carried out by Pearl Global, a listed company in India, in which HoPFL owns a 62.8% equity interest. In order to integrate the international operations with our domestic operations, we commenced a restructuring of certain of our businesses, which was completed ina phased manner. On March 28, 2006, HoPFL incorporated its wholly-owned subsidiary in Mauritius, Multinational Textiles, which acquired a 100% equity interest in Global Textiles Group, a Mauritius company, on March 31, 2006, and an 85% equity interest in Norwest Industries (HK), a Hong Kong company, on May 31, 2006. Global Textiles Group owns Depa U.S., Poeticgem and PT Norwest, our principal operating companies in the United States, the United Kingdom and Indonesia, respectively. On March 28, 2006, HoPFL also acquired approximately 99.9% and 98.0%, respectively, of Nor Pearl and Norp Knit, companies incorporated in Bangladesh. Following the restructuring, in addition to Pearl Global, each of Multinational Textiles, Nor Pearl, Norp Knit, Norwest Industries (HK), Global Textiles Group, Poeticgem, PT Norwest, Depa U.S., Poeticgem Canada and Pacific Logistics became a direct or indirect subsidiary of HoPFL. Further, on August 1, 2006, we also incorporated HoP (U.S.), a wholly-owned subsidiary in the U.S. Our indirect subsidiary, Depa International (Canada) Inc., was acquired by our subsidiary, Poeticgem on October 1, 2006. The name was changed to "Poeticgem (Canada) Limited" on October 12, 2006. Major Events: Date Events 1987 Pearl Global started operations 1994 Pearl Global lists at the BSE, NSE, DSE and ASE 1998 Establishment of international presence with incorporation of Norwest Industries in Hong Kong 2002 PT Norwest, Indonesia started production 2002 Setting up of sourcing office in China 2004 The Company acquired import and distribution businesses in the U.S.A. and the U.K. and also consolidated overseas entities 2005 Setting up of sourcing office in Bangladesh 2005 Nor Pearl and Norp Knit, subsidiaries in Bangladesh commenced operations 2006 Reorganization of group companies and consolidation of operations under House of Pearl Fashions Limited 2006 HoP (U.S.), new subsidiary incorporated in U.S. 1987 Pearl Global started operations 2009 - House of Pearl Fashions Limited (HOPFL) through its subsidiary, House of Pearl Fashions (US) Ltd has signed a multi year agreement with Geoffrey Beene, LLC for Men's Casual Shorts and Dress Slacks under the Geoffrey Beene Label. 2012 -Company has changed its name from House of Pearl Fashions Ltd. to Pearl Global Industries Ltd. 2013 - Board has recommended a Dividend of Rs. 1.00 per equity share of nominal value of Rs. 10 each. 2014 - Board has recommended a Dividend of Rs. 2.00 per equity share of nominal value of Rs. 10 each. 2022 -Pearl Global is Recognized as one of the best organisations for women 2022. 2023 -Pearl Global Industries Limited acquires of 55% stake in Pearl GT Holdco Ltd incorporated in British Virgin Islands. 2024 -The Company has splits its face value from Rs. 10/- to Rs. 5/-. .