Pearl Green Clubs and Resorts Limited informed the exchange regarding Resignation of Directors in its meeting held today i.e. 5th June,2026
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The board of Pearl Green Clubs and Resorts approved a series of changes on 5th June 2026. CFO Mr. Prabhat Kumar Jha resigned due to personal reasons, effective 4th June 2026, and no replacement CFO has been named yet. Independent Director Mr. Pankaj Ganpati Yadav also stepped down citing pre-occupation, with Mr. Parth Hasmukhbhai Patel appointed as a new Independent Director for a 5-year term subject to shareholder approval. Both the statutory auditor (M/s Rawka & Associates) and secretarial auditor (M/s JCA & Co.) resigned mid-term citing professional commitments, and replacements have been lined up — M/s Hiral Prajapati & Co LLP as new statutory auditor (proposed 5-year term) and Ms. Surbhi Bansal as the new secretarial auditor for FY26-27. M/s Kulin Shah & Associates was also appointed as the new internal auditor for FY26-27.
The simultaneous exit of the CFO, an independent director, and both statutory and secretarial auditors within a single board meeting is unusual and may raise governance concerns among retail investors, even though all cited personal/professional reasons. Investors should watch for quick appointment of a new CFO and clarity on why so many key positions changed at once; the stock could see short-term volatility on sentiment.