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.

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.