Postal Ballot Results: Authorised Share Capital Increase Approved
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Shareholders of Pearl Green Clubs and Resorts approved an increase in the company's authorised share capital and the corresponding amendment to the capital clause of the Memorandum of Association via postal ballot. The ordinary resolution passed with 100% approval: 8 members voted in favour with 12,37,100 votes, and zero votes were cast against. Remote e-voting was conducted via CDSL from May 14 to June 12, 2026. Scrutinizer Vivek Rawal of Rawal & Co. certified the results.
Higher authorised capital gives the company flexibility to issue shares in the future. No immediate dilution or fundraising has been announced yet.