Outcome of Board meeting regarding change in management pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (''Listing Regulation'')
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pearl Green Clubs and Resorts Limited announced significant leadership changes at its Board meeting on April 22, 2026. Mr. Siddhant Aggarwal stepped down as Managing Director and Director effective April 21, 2026, citing preoccupation and personal commitments. Mr. Prabhat Kumar Jha also resigned as Director on the same date. To fill the leadership gap, the Board appointed Mr. Hemantsingh Naharsingh Jhala as Additional Director (Executive-Promoter Category) and Managing Director for a 5-year term, subject to shareholder approval. Mr. Jhala is a promoter associated with the company since inception. Additionally, Ms. Nisha Parbat was appointed as Company Secretary, Compliance Officer, and Key Managerial Personnel effective April 22, 2026.
The simultaneous resignation of two directors, including the Managing Director, and appointment of a promoter group member as the new MD suggests a potential shift in control towards the promoter family. Investors should monitor for shareholder meeting approvals and any further governance developments.