Pearl Green Clubs & Resorts Limited, a hospitality company based in Gujarat, has reported a net loss for the second quarter of the fiscal year 2025-26, alongside a significant decline in revenue. The company's financial performance shows challenges in the current market environment.

Financial Highlights

Key Financial Outcomes

• Quarterly Performance: Pearl Green Clubs & Resorts reported a net loss of Rs 4.06 lacs for the quarter ended September 30, 2025, compared to a profit of Rs 2.02 lacs in the same quarter of the previous year.

• Half-Yearly Results: For the first half of FY2025-26, the company's loss widened to Rs 29.89 lacs from Rs 17.87 lacs in the corresponding period last year.

• Revenue Decline: The company experienced a substantial decrease in revenue from operations, which fell to Rs 61.47 lacs in Q2 FY2025-26 from Rs 564.79 lacs in Q2 FY2024-25. For the first half of FY2025-26, revenue declined to Rs 61.47 lacs from Rs 76.93 lacs in the same period of the previous year.

• Asset Base: As of September 30, 2025, the company's total assets stood at Rs 2,583.85 lacs, showing a marginal increase from Rs 2,571.79 lacs as of March 31, 2025.

Operational Overview

The company's financial statements reveal several operational aspects:

• Capital Work-in-Progress: A significant portion of the company's assets (Rs 937.55 lacs) is tied up in capital work-in-progress, indicating ongoing development or expansion projects.

• Cash Position: The cash and bank balance decreased to Rs 16.44 lacs from Rs 49.82 lacs at the end of the previous fiscal year.

• Loans and Advances: Short-term loans and advances decreased to Rs 605.40 lacs from Rs 654.83 lacs, potentially impacting the company's liquidity.

Management Actions

The Board of Directors approved these unaudited financial results in their meeting held on November 10, 2025. The meeting, which started at 06:15 p.m. and concluded at 07:05 p.m., also included a review of other business matters of the company.

Pearl Green Clubs & Resorts Limited continues to face challenges in its operational performance, as reflected in the declining revenues and widening losses. The company's focus on capital work-in-progress suggests ongoing investments, which may be aimed at future growth or operational improvements.

Pearl Green Clubs & Resorts Limited has announced significant changes in its management team, with three key personnel departing from their roles.

Company Secretary Resignation

Ms. Bhumikaben Rajeshbhai Panwala has tendered her resignation from the position of Company Secretary and Compliance Officer, effective September 16, 2025. According to the company's statement, Ms. Panwala cited her desire to seek a role that offers better work-life balance in alignment with her current personal priorities as the reason for her departure.

Board Member Resignations

In addition to the Company Secretary's resignation, Pearl Green Clubs & Resorts has also disclosed the departure of two board members:

1. Ms. Sonali Sandeep Joshi (DIN: 10648603) has stepped down from her role as an Independent Director, effective September 15, 2025.

2. Mr. Vishal Sharma (DIN: 10727395) has resigned from his position as a Non-Executive Director, also effective September 15, 2025.

The company's Board of Directors has acknowledged the contributions of both Ms. Joshi and Mr. Sharma, expressing appreciation for their valuable guidance during their tenure with Pearl Green Clubs & Resorts.

Regulatory Compliance

These resignations have been reported in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the necessary details as required by SEBI, including the effective dates of cessation for each departing member.

Pearl Green Clubs & Resorts Limited will need to address these departures and potentially announce replacements for these key positions in the near future. The impact of these management changes on the company's operations and governance structure remains to be seen.