Pearl Green Clubs and Resorts Announces Changes in Statutory Auditors, Directors, and Key Management Personnel

Pearl Green Clubs and Resorts Announces Changes in Statutory Auditors, Directors, and Key Management Personnel​

Pearl Green Clubs and Resorts Ltd. reported significant changes to its governance structure and professional advisory roles following a Board of Directors meeting held on June 5, 2026. The decisions included the transition of statutory auditors, the appointment of a new independent director, and the resignation of key managerial personnel.

The company confirmed several appointments and resignations across auditing bodies, directors, and senior management roles, signaling ongoing shifts in its corporate structure.

Audit and Compliance Roles Transition​

The Board approved the appointment of M/s Hiral Prajapati & Co LLP as a statutory auditor of the company. This firm was appointed to fill the casual vacancy created by the resignation of M/s Rawka & Associates on June 4, 2026. Beyond the immediate need, the board also reviewed and approved the firm's appointment for a five-year term, effective from the conclusion of the ensuing Annual General Meeting (AGM) up to the 13th AGM, subject to shareholder approval.

The transition in audit services is summarized below:

Board and Director Changes​

The company's board saw both the addition of a new director and the departure of an existing one. The Board approved the appointment of Mr. Parth Hasmukhbhai Patel as an Additional Director in the Independent category, effective June 5, 2026. His tenure is set to continue until the conclusion of the next general meeting, with plans for regularization as a Non-Executive Independent Director for five consecutive years, running from June 5, 2026, to June 4, 2031, pending shareholder approval.

In parallel, the Board accepted the resignation of Mr. Pankaj Ganpati Yadav from his role as an Independent Director, effective June 4, 2026, citing preoccupation and personal commitments.

Management and Professional Changes​

The organization also announced changes concerning its professional management team:

• Chief Financial Officer: Mr. Prabhat Kumar Jha tendered his resignation from the position of Chief Financial Officer (Key Managerial Personnel), effective June 4, 2026, citing personal reasons.
• Secretarial Audit: Ms. Surbhi Bansal, a practicing company secretary, was appointed as the Secretarial Auditor for the financial year 2026-27. CS Bansal, who possesses over ten years of experience in corporate laws and governance advisory, is noted to hold Peer Review Certificate No. 4050/2023.
• Internal Audit: M/s Kulin Shah & Associates was appointed as the Internal Auditor for the Financial Year 2026-27. The firm specializes in accounting, taxation, auditing, and GST compliance, with Mr. Kulin Shah leading the firm.

Stock Price Movement​

At the close of trade today, shares of Pearl Green Clubs and Resorts Ltd. settled at ₹134.90, registering an 0.18% decline.
The equity experienced significant intraday volatility, trading within a range that stretched from a high of ₹137.00 down to a low of ₹120.75.