Outcome of the Board Meeting for the following Agendas: 1) Approval of Audited Financial Results (Standalone) for the half year and financial year ended March 31, 2026 along with Independent ....
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Pearl Green Clubs and Resorts Ltd held its Board Meeting on 24th April 2026 and approved multiple items. The company reported audited standalone financial results for FY2026 with total income of Rs. 553.49 Lakhs, a significant decline from Rs. 822.66 Lakhs in FY2025. However, the company turned profitable with net profit of Rs. 80.59 Lakhs compared to a net loss of Rs. 17.87 Lakhs in the previous year. The auditors M/s Rawka & Associates issued an unmodified (clean) opinion. The Board also approved appointment of Ms. Durga Kumar Modi as Additional Director (Independent Category) and accepted resignation of Ms. Sayli Akshay Shelke from Independent Director position. Additionally, the Board approved increasing authorised share capital from Rs. 5 Crore to Rs. 10 Crore, subject to shareholder approval via postal ballot.
Despite a 68% revenue decline, the company returned to profitability with strong operating cash flow of Rs. 126.36 Lakhs. The doubling of authorised share capital suggests potential future fundraising or expansion plans. Clean audit opinion provides comfort to investors about financial reporting quality.