Pearl Green Clubs and Resorts Limited has informed the exchange regarding Resignation of Mr. Prabhat Kumar Jha as the Chief Financial Officer of the Company
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Pearl Green Clubs and Resorts announced a wide set of board-level changes following its June 5, 2026 meeting. CFO Mr. Prabhat Kumar Jha resigned effective June 4, 2026, citing personal reasons and pre-occupation. Statutory auditor M/s Rawka & Associates (appointed only in July 2025) also resigned, citing increased professional commitments, and was replaced by M/s Hiral Prajapati & Co LLP, which will fill the casual vacancy and is recommended for a 5-year term. Independent Director Mr. Pankaj Ganpati Yadav resigned and has been replaced by Mr. Parth Hasmukhbhai Patel, appointed as Independent Director for 5 years (until June 4, 2031). Additionally, secretarial auditor M/s JCA & Co. resigned and was replaced by Ms. Surbhi Bansal for FY26-27, while M/s Kulin Shah & Associates was appointed as the new internal auditor.
The simultaneous exits of the CFO, statutory auditor, secretarial auditor, and an independent director within a single day is unusual and may draw governance scrutiny from investors, even though all resignations cite personal or professional reasons. The company has moved quickly to appoint replacements, but the CFO seat is currently vacant, which is a key role for financial reporting and compliance.