Pearl Green Clubs and Resorts Limited has restructured its leadership and audit functions following a Board of Directors meeting held on August 5, 2026. The most significant change is the appointment of Hemantsingh Naharsingh Jhala as Managing Director and Key Managerial Personnel, effective from April 22, 2026, for a five-year term ending on April 21, 2031. Jhala, who has been associated with the company since its inception as a promoter, brings nearly three decades of experience in the agriculture and hospitality sectors. His appointment signals a consolidation of promoter-led management oversight for the next five years.

The Board also regularized the appointments of two new Non-Executive Independent Directors. Mrs. Durga Kumari Modi was appointed for a first term of five consecutive years, commencing from April 24, 2026, to April 23, 2031. Mrs. Modi holds a Master of Commerce degree with specialization in Economic Administration and Financial Management. Mr. Parth Hasmukhbhai Patel was similarly appointed for a five-year term from June 5, 2026, to June 4, 2031. Mr. Patel brings over nine years of professional experience in civil engineering and construction project execution.

In a move to fill a casual vacancy caused by the resignation of M/s Rawka & Associates, Chartered Accountants, the Board appointed M/s Hiral Prajapati & Co LLP as Statutory Auditors. The firm will hold office from June 5, 2026, until the conclusion of the ensuing Annual General Meeting (AGM). Subject to shareholder approval, the firm is also appointed for a full term of five consecutive years from the conclusion of this AGM up to the 13th AGM. This long-term appointment aims to ensure continuity in financial reporting and regulatory compliance.

Mr. Mohit Sunil Nagdev was re-appointed as a Non-Executive Non-Independent Director for a term of five years, effective from February 26, 2026, to February 25, 2031. He retires by rotation at the ensuing AGM but is eligible for re-appointment. The Board confirmed that all newly appointed directors are not debarred from holding office by virtue of any order passed by the Securities and Exchange Board of India or any other authority.

Key Appointments and Terms

Regulatory Compliance and AGM Details

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The Board also approved the Notice convening the 8th Annual General Meeting, scheduled for September 3, 2026, at 11:00 A.M. (IST), to be conducted through Video Conferencing or Other Audio-Visual Means. Mr. Vivek Rawal of M/s Rawal & Co., Practicing Company Secretaries, was appointed as the Scrutinizer for the remote e-voting process. The Board also approved the Director’s Report for the financial year ended March 31, 2026.

Pearl Green Clubs and Resorts Limited disclosed that Jhala Rekhadevi Vijaysingh, a member of the promoter group, sold 29,400 equity shares via the open market. The sale, executed on July 6 and July 7, 2026, reduced her shareholding in the company to 2.89% of the total voting capital. The disclosure was submitted to BSE Limited under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Prior to the transaction, Jhala Rekhadevi Vijaysingh held 106,800 shares, representing 3.99% of the company's total voting capital. Following the disposal of 29,400 shares, which accounted for 1.09% of the capital, her holding stands at 77,400 shares. The total equity share capital of the company remains unchanged at 26,77,100 equity shares of INR 10 each.

Shareholding Details

The table below outlines the changes in the acquirer's shareholding pattern before and after the transaction:

The transaction was executed in the open market. Pearl Green Clubs and Resorts Limited has confirmed that the information is available on its website. The filing was signed by Hemantsingh Naharsingh Jhala, Managing Director, on July 7, 2026.