Pearl Green Clubs and Resorts Limited informed the exchange regarding the Change in Management in its Board Meeting held today i.e. 5th June,2026
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On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 1.0 pts more than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Pearl Green Clubs and Resorts Ltd held a board meeting on June 5, 2026 that resulted in a major shake-up across key positions. Statutory auditor M/s Rawka & Associates resigned (effective June 4, 2026) due to pre-occupation and was replaced by M/s Hiral Prajapati & Co LLP, first to fill the casual vacancy and then for a fresh 5-year term subject to shareholder approval. Independent Director Mr. Pankaj Ganpati Yadav also resigned citing personal commitments. Chief Financial Officer Mr. Prabhat Kumar Jha, a Key Managerial Personnel, resigned effective June 4, 2026 for personal reasons. Separately, secretarial auditor JCA & Co resigned and was replaced by Ms. Surbhi Bansal for FY 2026-27, and M/s Kulin Shah & Associates was appointed as internal auditor for FY 2026-27. Mr. Parth Hasmukhbhai Patel joined the board as a new Independent Director for a 5-year term.
The simultaneous exit of the CFO and midterm change of statutory auditor, alongside multiple governance resignations in a single board meeting, signals elevated churn at the company and may concern investors about management continuity and oversight. The stock could see short-term weakness until replacements are stabilised and audited results are released.