Pearl Green Clubs and Resorts Limited has informed the exchange regarding the Dispatch of Postal Ballot Notice date 24th April,2026
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Pearl Green Clubs and Resorts Limited has dispatched a Postal Ballot Notice seeking shareholder approval to double its Authorised Share Capital from Rs. 5 crore to Rs. 10 crore, increasing the number of equity shares from 50 lakh to 1 crore (both with face value of Rs. 10 each). The Board of Directors approved this increase at their meeting on 24th April 2026. The stated purpose is to meet future growth plans, expansion activities, and to facilitate raising further capital. The company is altering Clause V of its Memorandum of Association to reflect this change. Remote e-voting runs from 14th May 2026 to 12th June 2026, with the cut-off date for eligible voters being 8th May 2026. CDSL is providing the e-voting platform and Rawal & Co. has been appointed as Scrutinizer.
Shareholders should note that approval will allow the company to issue additional shares in the future, which could lead to dilution. However, it also signals the company's ambitions for growth and provides flexibility for future capital raising. Voting FOR or AGAINST can be done via CDSL e-voting until 5 PM on 12th June 2026.