Pearl green clubs & resorts Limited has disclosed a significant stake sale by one of its promoters through open market transactions. The company filed the mandatory disclosure under SEBI regulations following the substantial reduction in promoter shareholding.

Transaction Details

Jhala Rekhadevi Vijaysingh, identified as a promoter of the company, executed the sale of equity shares on March 03, 2026. The transaction involved disposal of shares through open market operations, as disclosed in the regulatory filing dated March 13, 2026.

Shareholding Changes

The sale has resulted in a notable reduction in the promoter's stake in Pearl Green Clubs and Resorts Limited. The promoter's holding has decreased from 8.09% to 6.21% of the company's total equity share capital.

Company Share Capital Structure

The company's total equity share capital remains unchanged following this transaction. Pearl Green Clubs and Resorts Limited maintains its existing capital structure with no dilution or expansion of share base.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that no encumbrances, warrants, or convertible securities were involved in this transaction. The promoter held no voting rights other than through equity shares, and no additional instruments entitling voting rights were part of the transaction.

Pearl green clubs & resorts Limited has informed BSE about the outcome of its Independent Directors Meeting held on March 14, 2026, in accordance with Regulation 30 of the SEBI LODR Regulations, 2015.

Meeting Details and Compliance

The meeting was conducted pursuant to Regulation 25(3) of the Securities and Exchange Board of India (LODR) Regulations, 2015, read with Schedule IV of the Companies Act, 2013. The session took place at the company's registered office for Financial Year 2025-26.

Key Agenda Items

The independent directors present at the meeting transacted the following business items:

• Performance Review: Reviewed the performance of non-independent directors and the board of directors as a whole
• Chairperson Assessment: Evaluated the performance of the chairperson, considering views from both executive and non-executive directors
• Information Flow Analysis: Assessed the quality, quantity, and timeliness of information flow between management and the board of directors

Governance Framework

The meeting forms part of the company's corporate governance obligations, ensuring that independent directors can effectively perform their oversight duties. The assessment of information flow between management and the board is particularly crucial for enabling directors to make informed decisions and fulfill their fiduciary responsibilities.

Company Information

Pearl Green Clubs and Resorts Limited operates with CIN L55101GJ2018PLC100469 and maintains its registered office at 1301-Farm Section, Survey No. 202, Prantiya Gam, Gandhinagar, Gujarat. The company's scrip code on BSE is 543540, and the meeting outcome was communicated by Managing Director Siddhant Agarwal.