Pearl Global Industries share news, announcements and annual reports
NSE: PGILBSE: 532808Textiles & ApparelsSmall Cap
Pearl Global Industries Limited · Formerly House of Pearl Fashions · Face value ₹5 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Feb 2007
Last close ₹1,192.60up ₹1.80 (0.15%)BSE ₹1,189.10
Share price at the NSE close on 30 Oct 2026. Previous close ₹1,190.80.
30 Oct: open ₹1,181.00, high ₹1,200.00, low ₹1,170.10
52-week range of traded prices to 30 Oct 2026
₹643.00Low, 7 Nov 2025₹1,357.90High, 28 Sep 2026
- Next results date: the board meets on 5 Nov 2026 to consider: financial results and dividend. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹11,017 Cr658th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 35.50
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 7.55
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.61%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 23.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 19.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.48
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 44,42251.9% delivered
Pearl Global Industries share news and announcements
641 announcements, routine notices left out, newest first. Page 13 of 13.
Oct 2007
30 Oct · Utilisation of Funds
Vide notes to Accounts in the Unaudited Financial Results for the quarter and half year ended September 30, 2007 (taken on record by the Board of the directors of the Company at its meeting held on October 29, 2007) regarding Statement of utilization of Issue proceeds as on September 30, 2007. 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). For more details click here.29 Oct · Business
Press release dated October 29, 2007, titled "Posts impressive growth of 22.66% with revenues at Rs.549.54 crores; House of Pearl Fashions Ltd PAT up 13.7% at Rs.29.36 crores for half Year ended September 2007". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements) For more details click here.9 Oct · Board meeting
To consider and take on record the Un-Audited Financial Results (Provisional) for the second quarter and half yearly results for the period ended September 30, 2007.
Sep 2007
21 Sep · Limited Review Report
Auditors have conducted the limited review for the un-audited financial results for the period ended on June 30, 2007 and found the same to be in order subject to certain observations. The auditor's observations are: "Adjustments if any, would be made at the year end that may arise with regard to revised Accounting Standard 15 on Accounting for Retirement Benefits" issued by ICAI"11 Sep · Meeting
Minutes of the Annual General Meeting of Members of the Company held on August 27, 2007. A copy 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). For more details click here.
Aug 2007
7 Aug · Meeting
Notice of Annual General Meeting of the Company scheduled to be held on August 27, 2007. A copy 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). For more details click here.2 Aug · Utilisation of Funds
Statement of Utilization of issue proceeds as on June 30, 2007. The detail 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 For more details click here.
Jul 2007
31 Jul · Business
Press release dated July 31, 2007, titled "House of Pearl PAT up 19% at Rs.14.73". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.31 Jul · Meeting
Annual General Meeting of the Members of the Company will be held on August 27 ,2007 and the Register of Members / Beneficial Ownership List and Share Transfer Register of the Company shall remain closed from August 20, 2007 till August 27, 2007 (both days inclusive).18 Jul · Business
Press Release dated July 16, 2007 titled "House of Pearl announces JV with realty major Ansal API through its subsidiary Pearl Global Limited". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.13 Jul · Miscellaneous
Subsidiary company of the Company, Pearl Global Limited will be diversifying into real estate business. The Board of our subsidiary has approved the signing of collaboration agreement with Ansal Properties and Infrastructure Ltd., for development of commercial Land measuring 9.26 acres on N.H. -8, Gurgaon (Haryana)12 Jul · E-mail ID for Investor Complaints
As per Clause 47 (f) of the Listing Agreement, the Investors can lodge their complaints at the following e-mail Id of the Company: Investorshopfl@pearlglobal.com11 Jul · Board meeting
To (a) consider and take on record the Un-Audited (Provisional) Financial Results of the Company for the first quarter ended June 30, 2007; (b) fix time, date and venue of Annual General Meeting of the Company; and (c) fix date of book closure.9 Jul · Miscellaneous
Investor update, as released by the Company. A copy of the Investor update shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jun 2007
29 Jun · Utilisation of Funds
Statement of Utilization of Issue proceeds as on March 31, 2007. 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). For more details click here.22 Jun · Board meeting
Board of Directors of the Company, at their meeting held on June 22, 2007 has not recommended any dividend for the financial year 2006-07.22 Jun · Business
Press release dated June 22, 2007, titled "House of Pearl posts impressive growth with revenues at Rs.952.48 crore for FY07". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
May 2007
30 May · Board meeting
To consider, approve and take on record, interalia, the Audited Financial Results of the Company for the year ended March 31, 2007, and to recommend dividend, if any.22 May · Board meeting
The Board of Directors in their meeting held today the 22nd day of May 2007 has unanimously approved loan of Rs.27.5 crores (Rupees Twenty Seven Crores Fifty Lacs Only) to its subsidiary, Pearl Global Limited. The rate of interest for the loan has been fixed at 10.5% p.a. This loan will be utilized by Pearl Global Limited to repay its high interest bearing working capital loans availed from the following Banks: 1) Centurion Bank of Punjab: Rs.15.00 Crores; 2) Yes Bank: Rs.5.00 Crores; 3) China Trust Commercial Bank: Rs.7.5 Crores (ECB)17 May · Board meeting
To consider the proposal of advancing short term loan of Rs. 27.5 Crores to its Subsidiary Company i.e. Pearl Global Ltd.16 May · Utilisation of Funds
Company came with its Initial Public Offer (IPO) on January 16, 2007. The purpose of IPO was to raise funds for the objects as specified in its Prospectus dated January 29, 2007. The funds raised by the Company through IPO are to be utilized over a period of three years. The Company has stated that the Company is having surplus funds which will be utilised as per the objects of the issue. The Company proposes to advance a loan of Rs.27.5 crores at the prevailing rate of interest for a period of one year, out of these funds to its subsidiary, M/s. Pearl Global Limited. 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). For more details click here.
Apr 2007
5 Apr · Results
In respect of publication of the Un-Audited Financial Results for the last quarter ended 31st March 2007, the Company Undertakes to Publish the Audited Results for the year ended 31st March 2007, within 3 months from the end of the last quarter i.e. by 30th June 2007
Mar 2007
26 Mar · Green Shoe Option
JM Morgan Stanley Private Ltd., Stabilizing Agent of the Company, has received 306 equity shares of the company from the market under Green Shoe Option, in terms of the Company's Prospectus dated January 29, 2007, in view of this, no further allotment of shares will be made by the Company22 Mar · Board meeting
IPO Committee of the Board has allotted 4,29,906 equity shares of Rs. 10/- each at issue price of Rs. 550/- per share under Green Shoe Option to Stabilizing Agent as per Company prospectus dated 29th January 2007. Further, JM Morgan Stanley Private Ltd. Stabilizing Agent of the Company, has purchased 1,82,154 equity shares of the Company from the market. Out of 1,82,154 equity shares purchased by JM Morgan Stanley Private Ltd. delivery for 1,81,848 equity shares has been received by stabilizing Agent and delivery for 306 Equity shares is still awaited by the stabilising agent. This is further informed that in case the stabilising agent is not able to obtain delivery of 306 equity shares purchased from the market, Company shall allot 306 equity shares of Rs.10/- each at an issue price of Rs.550 per equity share as part of Green Shoe Option to Stabilizing Agent, in terms of the Company's prospectus dated January 29, 2007. For more details click here.21 Mar · Board meeting
IPO Committee of the Board of Directors of the Company held today, 20th March 2007, for allotment of Green Shoe option shares, has been adjourned to 21st March 2007.20 Mar · Green Shoe Option
Public Issue of 5,984,994 Equity Shares of Rs. 10 each ("Equity Shares") of HOUSE OF PEARL FASHIONS LIMITED for cash, comprising a fresh issue of 4,759,794 equity shares of Rs. 10 each by the Company (the "Fresh Issue") and an offer for sale of 1,225,200 equity shares of Rs. 10 each by Mr. Deepak Seth, Mrs. Payel Seth, Mr. Pallak Seth and Mr. Pulkit Seth (the "Selling Shareholders"). 122,600 equity shares of Rs. 10 each was reserved in the Issue for subscription by employees. There will be a green shoe option of up to 612,060 Equity Shares. In this regards, JM Morgan Stanley Private Limited has further informed the Exchange on March 16, 2007 that: "We are acting as the Stabilizing Agent to the issue. Today, we have purchased 47,811 Equity Shares of House of Pearl Fashions Limited on the BSE at an average price of Rs. 396.02 per Equity Share, and 37,217 Equity shares on the NSE at an average price of Rs. 396.16 per Equity Share under the Green Shoe Option of the Company. A summary is given below: Date of Trade: March 16, 2007, Company Name: House of Pearl Fashions Limited, NSE Qty (A): 37,217, BSE Qty (B): 47,811, Total Qty (A+B): 85,028, Value (Rs.):33,677,705.17 Weighted Avg. Trade Price :396.08."16 Mar · Green Shoe Option
Public Issue of 5,984,994 Equity Shares of Rs. 10 each ("Equity Shares") of HOUSE OF PEARL FASHIONS LIMITED for cash, comprising a fresh issue of 4,759,794 equity shares of Rs. 10 each by the Company (the "Fresh Issue") and an offer for sale of 1,225,200 equity shares of Rs. 10 each by Mr. Deepak Seth, Mrs. Payel Seth, Mr. Pallak Seth and Mr. Pulkit Seth (the "Selling Shareholders"). 122,600 equity shares of Rs. 10 each was reserved in the Issue for subscription by employees. There will be a green shoe option of up to 612,060 Equity Shares. In this regards, JM Morgan Stanley Private Limited has further informed the Exchange on March 14, 2007 that: "We are acting as the Stabilizing Agent to the issue. Today, we have purchased 8,763 Equity Shares of House of Pearl Fashions Limited on the BSE at an average price of Rs. 364.38 per Equity Share, and 7,403 Equity shares on the NSE at an average price of Rs. 366.19 per Equity Share under the Green Shoe Option of the Company. A summary is given below: Date of Trade: March 14, 2007, Company Name: House of Pearl Fashions Limited, NSE Qty (A): 7,403, BSE Qty (B): 8,763, Total Qty (A+B): 16,166, Value (Rs.):5,903,902.89 Weighted Avg. Trade Price :365.20."14 Mar · Board meeting
IPO Committee of the Board of Directors of the Company will be meeting on 20th March 2007, to consider and approve allotment of Green Shoe Option shares, if any.14 Mar · Green Shoe Option
Public Issue of 5,984,994 Equity Shares of Rs. 10 each ("Equity Shares") of HOUSE OF PEARL FASHIONS LIMITED for cash, comprising a fresh issue of 4,759,794 equity shares of Rs. 10 each by the Company (the "Fresh Issue") and an offer for sale of 1,225,200 equity shares of Rs. 10 each by Mr. Deepak Seth, Mrs. Payel Seth, Mr. Pallak Seth and Mr. Pulkit Seth (the "Selling Shareholders"). 122,600 equity shares of Rs. 10 each was reserved in the Issue for subscription by employees. There will be a green shoe option of up to 612,060 Equity Shares. In this regards, JM Morgan Stanley Private Limited has further informed the Exchange on March 13, 2007 that: "We are acting as the Stabilizing Agent to the issue. Today, we have purchased 3,139 Equity Shares of House of Pearl Fashions Limited on the BSE at an average price of Rs. 337.81 per Equity Share, and 3,425 Equity shares on the NSE at an average price of Rs. 337.76 per Equity Share under the Green Shoe Option of the Company. A summary is given below: Date of Trade: March 13, 2007, Company Name: House of Pearl Fashions Limited, NSE Qty (A): 3,425, BSE Qty (B): 3,139, Total Qty (A+B) : 6,564, Value (Rs.) :2,217,200.12, Weighted Avg. Trade Price :337.7812 Mar · Green Shoe Option
Public Issue of 5,984,994 Equity Shares of Rs. 10 each ("Equity Shares") of HOUSE OF PEARL FASHIONS LIMITED for cash, comprising a fresh issue of 4,759,794 equity shares of Rs. 10 each by the Company (the "Fresh Issue") and an offer for sale of 1,225,200 equity shares of Rs. 10 each by Mr. Deepak Seth, Mrs. Payel Seth, Mr. Pallak Seth and Mr. Pulkit Seth (the "Selling Shareholders"). 122,600 equity shares of Rs. 10 each was reserved in the Issue for subscription by employees. There will be a green shoe option of up to 612,060 Equity Shares. In this regards, JM Morgan Stanley Private Limited has further informed the Exchange that: "We are acting as the Stabilizing Agent to the issue. We, as the Stabilizing Agent, state that today (March 09, 2007), we have not purchased any Equity Shares under the Green Shoe Option of House of Pearl Fashions Limited".9 Mar · Green Shoe Option
Public Issue of 5,984,994 Equity Shares of Rs. 10 each ("Equity Shares") of HOUSE OF PEARL FASHIONS LIMITED for cash, comprising a fresh issue of 4,759,794 equity shares of Rs. 10 each by the Company (the "Fresh Issue") and an offer for sale of 1,225,200 equity shares of Rs. 10 each by Mr. Deepak Seth, Mrs. Payel Seth, Mr. Pallak Seth and Mr. Pulkit Seth (the "Selling Shareholders"). 122,600 equity shares of Rs. 10 each was reserved in the Issue for subscription by employees. There will be a green shoe option of up to 612,060 Equity Shares. In this regards, JM Morgan Stanley Private Limited has further informed the Exchange that: "We are acting as the Stabilizing Agent to the issue. We, as the Stablizing Agent, state that today (March 08, 2007), we have not purchased any Equity Shares under the Green Shoe Option of House of Pearl Fashions Limited".8 Mar · Green Shoe Option
Public Issue of 5,984,994 Equity Shares of Rs. 10 each ("Equity Shares") of HOUSE OF PEARL FASHIONS LIMITED for cash, comprising a fresh issue of 4,759,794 equity shares of Rs. 10 each by the Company (the "Fresh Issue") and an offer for sale of 1,225,200 equity shares of Rs. 10 each by Mr. Deepak Seth, Mrs. Payel Seth, Mr. Pallak Seth and Mr. Pulkit Seth (the "Selling Shareholders"). 122,600 equity shares of Rs. 10 each was reserved in the Issue for subscription by employees. There will be a green shoe option of up to 612,060 Equity Shares. In this regards, JM Morgan Stanley Private Limited has further informed the Exchange that: "We are acting as the Stabilizing Agent to the issue. We, as the Stablizing Agent, state that today (March 07, 2007), we have not purchased any Equity Shares under the Green Shoe Option of House of Pearl Fashions Limited".7 Mar · Green Shoe Option
Public Issue of 5,984,994 Equity Shares of Rs. 10 each ("Equity Shares") of HOUSE OF PEARL FASHIONS LIMITED for cash, comprising a fresh issue of 4,759,794 equity shares of Rs. 10 each by the Company (the "Fresh Issue") and an offer for sale of 1,225,200 equity shares of Rs. 10 each by Mr. Deepak Seth, Mrs. Payel Seth, Mr. Pallak Seth and Mr. Pulkit Seth (the "Selling Shareholders"). 122,600 equity shares of Rs. 10 each was reserved in the Issue for subscription by employees. There will be a green shoe option of up to 612,060 Equity Shares. In this regards, JM Morgan Stanley Private Limited has further informed the Exchange that: "We are acting as the Stabilizing Agent to the issue. We, as the Stablizing Agent, state that today (March 06, 2007), we have not purchased any Equity Shares under the Green Shoe Option of House of Pearl Fashions Limited".5 Mar · Green Shoe Option
Public Issue of 5,984,994 Equity Shares of Rs. 10 each ("Equity Shares") of HOUSE OF PEARL FASHIONS LIMITED for cash, comprising a fresh issue of 4,759,794 equity shares of Rs. 10 each by the Company (the "Fresh Issue") and an offer for sale of 1,225,200 equity shares of Rs. 10 each by Mr. Deepak Seth, Mrs. Payel Seth, Mr. Pallak Seth and Mr. Pulkit Seth (the "Selling Shareholders"). 122,600 equity shares of Rs. 10 each was reserved in the Issue for subscription by employees. There will be a green shoe option of up to 612,060 Equity Shares. In this regards, JM Morgan Stanley Private Limited has further informed the Exchange that: "We are acting as the Stabilizing Agent to the issue. We, as the Stablizing Agent, state that today (March 02, 2007), we have not purchased any Equity Shares under the Green Shoe Option of House of Pearl Fashions Limited".
Feb 2007
27 Feb · Green Shoe Option
Public Issue of 5,984,994 Equity Shares of Rs. 10 each ("Equity Shares") of HOUSE OF PEARL FASHIONS LIMITED for cash, comprising a fresh issue of 4,759,794 equity shares of Rs. 10 each by the Company (the "Fresh Issue") and an offer for sale of 1,225,200 equity shares of Rs. 10 each by Mr. Deepak Seth, Mrs. Payel Seth, Mr. Pallak Seth and Mr. Pulkit Seth (the "Selling Shareholders"). 122,600 equity shares of Rs. 10 each was reserved in the Issue for subscription by employees. There will be a green shoe option of up to 612,060 Equity Shares. In this regards, the JM Morgan Stanley Pvt Ltd has further informed the Exchange that they are acting as the Stabilizing Agent to the issue and state that on February 26 2007, JM Morgan Stanley have not purchased any Equity Shares under the Green Shoe Option of House of Pearl Fashions Limited.27 Feb · Green Shoe Option
Public Issue of 5,984,994 Equity Shares of Rs. 10 each ("Equity Shares") of HOUSE OF PEARL FASHIONS LIMITED for cash, comprising a fresh issue of 4,759,794 equity shares of Rs. 10 each by the Company (the "Fresh Issue") and an offer for sale of 1,225,200 equity shares of Rs. 10 each by Mr. Deepak Seth, Mrs. Payel Seth, Mr. Pallak Seth and Mr. Pulkit Seth (the "Selling Shareholders"). 122,600 equity shares of Rs. 10 each was reserved in the Issue for subscription by employees. There will be a green shoe option of up to 612,060 Equity Shares. In this regards, the JM Morgan Stanley Pvt Ltd has further informed the Exchange that they are acting as the Stabilizing Agent to the issue and state that on February 23 2007, JM Morgan Stanley have not purchased any Equity Shares under the Green Shoe Option of House of Pearl Fashions Limited.26 Feb · Miscellaneous
House Of Pearl Fashions Limited had informed the Exchange that: "The strategy of growing in Knits business is paying rich dividends. The Company has bagged orders for 7.5 M USD, Rs.30 Crores approx., from US Buyers, including JC Penney / H & M / GAAP / KOHLS. This is a substantial growth over the last financial year, as these orders are equal to the entire year of sales for this division. With these new orders, the newly acquired manufacturing facility at Khandsa, is completely booked for the first quarter of fiscal 2008". The company has further informed the Exchange that: "Companies Knits division at Khandsa, Gurgaon, has bagged orders from US Buyers for 7.5 Mil USD".26 Feb · Miscellaneous
The strategy of growing in Knits business is paying rich dividends. The Company has bagged orders for 7.5 M USD, Rs.30 Crores approx., from US Buyers, including JC Penney / H & M / GAAP / KOHLS. This is a substantial growth over the last financial year, as these orders are equal to the entire year of sales for this division. With these new orders, the newly acquired manufacturing facility at Khandsa, is completely booked for the first quarter of fiscal 200823 Feb · Green Shoe Option
Public Issue of 5,984,994 Equity Shares of Rs. 10 each ("Equity Shares") of HOUSE OF PEARL FASHIONS LIMITED for cash, comprising a fresh issue of 4,759,794 equity shares of Rs. 10 each by the Company (the "Fresh Issue") and an offer for sale of 1,225,200 equity shares of Rs. 10 each by Mr. Deepak Seth, Mrs. Payel Seth, Mr. Pallak Seth and Mr. Pulkit Seth (the "Selling Shareholders"). 122,600 equity shares of Rs. 10 each was reserved in the Issue for subscription by employees. There will be a green shoe option of up to 612,060 Equity Shares. In this regards, the JM Morgan Stanley Pvt Ltd has further informed the Exchange that they are acting as the Stabilizing Agent to the issue and state that on February 20, 2007, February 21, 2007 and February 22, 2007, JM Morgan Stanley have not purchased any Equity Shares under the Green Shoe Option of House of Pearl Fashions Limited.22 Feb · Miscellaneous
House of Pearl Fashions Ltd. has acquired a warehouse facility admeasuring 43,000 sq. ft. in Milton Keynes UK. With this the total storage capacity of House of Pearl Fashions Ltd. through its subsidiary Poeticgem Ltd. will be over 90,000 sq. ft. House of Pearl Fashions Limited has invested over 2.4 million pounds for the acquisition of warehouse facility through internal accruals and debt. With above acquisition the present garment handling capacity will enhance from 2 Million pieces per month to 3 Million pieces16 Feb · Green Shoe Option
February 15, 2007 regarding the Public Issue of 5,984,994 Equity Shares of Rs. 10 each ("Equity Shares") of HOUSE OF PEARL FASHIONS LIMITED for cash, comprising a fresh issue of 4,759,794 equity shares of Rs. 10 each by the Company (the "Fresh Issue") and an offer for sale of 1,225,200 equity shares of Rs. 10 each by Mr. Deepak Seth, Mrs. Payel Seth, Mr. Pallak Seth and Mr. Pulkit Seth (the "Selling Shareholders"). 122,600 equity shares of Rs. 10 each was reserved in the Issue for subscription by employees. There will be a green shoe option of up to 612,060 Equity Shares. In this regards, the Company has further informed the Exchange that: "We are acting as the Stabilizing Agent to the issue. This public issue was made through 100% book building and issue price was determined at Rs.550 per Equity Share. Trading of the Equity shares on stock exchanges commenced today on February 15, 2007. We, as stabilizing Agent, state that today we have not purchased any equity shares under the Green Shoe Option of House of Pearl Fashions Limited".