The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jhala Rekhadevi Vijay Singh
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Jhalarekha Devi Vijay Singh, a member of the promoter group of Pearl Green Clubs and Resorts Ltd, has sold 59,400 equity shares (2.22% of total share capital) in the open market on March 16 and March 20, 2026. Following this sale, her holding in the company has come down from 1,66,200 shares (6.21%) to 1,06,800 shares (3.99%). The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The company has a small total share capital of 26,77,100 equity shares of Rs. 10 each, amounting to about Rs. 2.68 crore in capital.
This is a notable promoter-group share sale that reduces the promoter's effective stake in the company to below 4%, which may raise concerns among retail investors about promoter confidence in the stock. With post-sale holding at just 3.99%, the company is now very thinly held by the promoter group, which could increase volatility or overhang on the stock in the near term.