Pearl Green Clubs and Resorts Limited has appointed M/s Hiral Prajapati & Co LLP as its statutory auditor to fill the casual vacancy caused by the resignation of M/s Rawka & Associates. The Board of Directors approved the appointment at its meeting held on June 5, 2026, subject to shareholder approval. The new auditor will hold office until the conclusion of the ensuing Annual General Meeting (AGM), and the Board has recommended their appointment for a term of five consecutive years from the conclusion of the ensuing AGM up to the 13th AGM.

M/s Rawka & Associates resigned as statutory auditors with effect from June 4, 2026, citing pre-occupation and increased professional commitments. The firm confirmed there were no other material reasons for the resignation. Additionally, the Board accepted the resignation of Mr. Pankaj Ganpati Yadav from the position of Independent Director, effective June 4, 2026, due to preoccupation and personal commitments.

The Board approved the appointment of Mr. Parth Hasmukhbhai Patel as an Additional Director in the Independent Category, subject to member approval. His tenure as a Non-Executive Independent Director is proposed for five consecutive years from June 5, 2026, to June 4, 2031. The company also appointed Ms. Surbhi Bansal as Secretarial Auditor for the financial year 2026-27 and M/s Kulin Shah & Associates as Internal Auditor for the same period.

Mr. Prabhat Kumar Jha tendered his resignation from the position of Chief Financial Officer (Key Managerial Personnel) effective June 4, 2026, due to personal reasons. He confirmed there were no material reasons for the resignation other than those stated in his letter. The company also accepted the resignation of M/s JCA & Co. as Secretarial Auditor due to pre-occupation with other professional commitments.

Key Appointments and Resignations

Pearl Green Clubs and Resorts Limited has disclosed a penalty imposed by BSE Limited regarding regulatory compliance for the quarter ended March 2025. The stock exchange levied a fine of ₹1,06,200, inclusive of GST, on the company for alleged non-compliance with Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The specific reason for the penalty relates to the non-appointment of a qualified company secretary as the compliance officer during the stated period. According to the intimation submitted under Regulation 30, the company received the communication regarding the fine on May 20, 2026. The management confirmed that the payment for the said penalty has already been processed.

Impact Assessment

In its disclosure, the company addressed the potential consequences of this regulatory action. It stated that there is no material impact of the fine on the financial, operational, or other activities of the listed entity. The details of the penalty and the associated compliance requirements were provided in accordance with SEBI Master Circulars issued in November 2024 and January 2026.

Penalty Details

The following table outlines the key particulars of the regulatory action as disclosed by the company: