Pearl Green Clubs and Resorts Limited has secured shareholder approval to increase its authorised share capital and amend the capital clause of its Memorandum of Association. The resolution was passed via a postal ballot process that concluded on June 12, 2026, with 100% of the votes cast in favour, enabling the company to expand its equity base.

The postal ballot was conducted pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting commenced on May 14, 2026, and concluded on June 12, 2026, with the record date set as May 8, 2026. A total of 368 shareholders were eligible to participate in the voting process.

Voting Results Summary

The scrutinizer's report confirmed that the ordinary resolution received unanimous support from the shareholders who participated. There were no votes cast against the resolution, and no invalid votes were recorded during the process.

Procedural Details

Rawal & Co., Company Secretaries, acted as the scrutinizer for the postal ballot process, appointed by the board during its meeting on April 24, 2026. The e-voting facility was provided by Central Depository Services (India) Limited (CDSL). The company published the notice in the Financial Express in both English and Gujarati languages on May 14, 2026, to ensure compliance with regulatory requirements.

The total votes cast were unblocked on June 12, 2026, in the presence of two independent witnesses. The passing of this resolution grants Pearl Green Clubs & Resorts the necessary authority to modify its capital structure, a move that may support future fundraising or corporate restructuring activities.

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