The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jhala Vijaysingh Naharsingh
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Awaiting price reaction for this filing.
Jhala Vijaysingh Naharsingh, a promoter of Pearl Green Clubs and Resorts Ltd, sold 7,800 equity shares (0.29% of paid-up capital) in the open market on November 17, 2025. Before the sale, the promoter held 8,000 shares (0.30%); after the sale, the holding dropped to just 200 shares (0.01%) — effectively a near-complete exit by this individual promoter. The disclosure was filed under Regulation 29(1) of SEBI's Takeover Regulations. The company's total equity capital remains at 26,77,100 shares of Rs. 10 each.
This is a small promoter-level exit in percentage terms, but it signals a loss of confidence from a member of the promoter group. Retail investors may view it as mildly negative, though the absolute size of the transaction is tiny and unlikely to move the stock price on its own.