Pearl Green Clubs and Resorts Promoter Reduces Stake by 2.22% Through Open Market Sale
Pearl Green Clubs and Resorts Limited disclosed that promoter Jhala Rekhadevi Vijaysingh sold 59,400 equity shares (2.22% stake) through open market transactions on March 16 and 20, 2026. The disposal reduced her shareholding from 1,66,200 shares (6.21%) to 1,06,800 shares (3.99%). The company's total equity capital remains at 26,77,100 shares worth Rs. 2,67,71,000/-.
*this image is generated using AI for illustrative purposes only.
Pearl Green Clubs and Resorts Limited has announced a substantial share disposal by one of its promoters, as mandated under SEBI regulations. The disclosure pertains to the sale of equity shares by promoter Jhala Rekhadevi Vijaysingh through open market transactions.
Share Disposal Details
The promoter disposed of 59,400 equity shares, representing 2.22% of the company's total shareholding. The transactions were executed through open market sales on March 16, 2026 and March 20, 2026. This disposal was disclosed to BSE Limited under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Shareholding Changes
The share disposal resulted in a significant reduction in the promoter's stake in the company:
| Parameter | Before Sale | After Sale | Change |
|---|---|---|---|
| Number of Shares | 1,66,200 | 1,06,800 | -59,400 |
| Percentage Holding | 6.21% | 3.99% | -2.22% |
| Voting Rights | 6.21% | 3.99% | -2.22% |
Transaction Breakdown
The disclosure provides comprehensive details of the share disposal:
| Details | Shares | Percentage |
|---|---|---|
| Shares Sold | 59,400 | 2.22% |
| Transaction Mode | Open Market | - |
| Transaction Dates | March 16 & 20, 2026 | - |
Company Share Capital Structure
Pearl Green Clubs and Resorts Limited's equity structure remained unchanged following the promoter's share disposal. The company maintains a total equity share capital of 26,77,100 equity shares of Rs.10/- each, amounting to Rs. 2,67,71,000/-. The promoter confirmed that no shares were held under encumbrance, and no voting rights existed through instruments other than equity shares.
Regulatory Compliance
The disclosure was filed by Jhala Rekhadevi Vijaysingh (PAN: ACPPJ6455P) with BSE Limited, where the company's shares are listed under scrip code 543540. The filing ensures compliance with SEBI's substantial acquisition and takeover regulations, maintaining transparency in promoter shareholding changes for investor awareness.
Historical Stock Returns for Pearl Green Clubs & Resorts
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -9.57% | -14.86% | +2.52% | -24.79% | +50.31% | -41.69% |
Will the remaining promoters increase their stake to maintain overall promoter group control above traditional thresholds?
Could this share disposal signal preparation for a potential open offer or strategic investor entry into Pearl Green Clubs and Resorts?
How might this reduced promoter holding impact the company's ability to raise capital through preferential allotments in future expansion plans?
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