Announced Fri, 5 Jun · 16:42 IST

Pearl Green Clubs and Resorts Limited informed the exchange regarding Resignation of Statutory Auditor in its meeting held today i.e. 5th June,2026

Cfo ResignedAuditor Resigned MidtermKmp ResignedManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹134.90
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.7-4.4-1.6-5.1-33.4
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AI summary

Pearl Green Clubs and Resorts Ltd held a board meeting on 5th June 2026 and announced several key changes. Statutory auditor M/s Rawka & Associates resigned effective 4th June 2026 citing pre-occupation and increased professional commitments, and has been replaced by M/s Hiral Prajapati & Co LLP to fill the casual vacancy until the next AGM, with a proposed 5-year term thereafter. Independent Director Mr. Pankaj Ganpati Yadav also resigned effective 4th June 2026 due to personal commitments, and Mr. Parth Hasmukhbhai Patel was appointed as a new Independent Director for a 5-year term. Additionally, CFO Mr. Prabhat Kumar Jha stepped down for personal reasons, Secretarial Auditor M/s JCA & Co resigned, and M/s Kulin Shah & Associates was appointed as the new Internal Auditor for FY 2026-27.

Likely market impact

A cluster of senior exits within a single day, including the statutory auditor and CFO mid-term, may raise governance and continuity concerns among shareholders, though the company has promptly appointed replacements for each role. Investors should watch for any further disclosures about the reasons behind these departures and any impact on financial reporting or operations.