Pearl Green Clubs and Resorts Limited Initiates Postal Ballot to Double Authorised Share Capital

Pearl Green Clubs and Resorts Limited has issued a Postal Ballot Notice dated April 24, 2026, seeking approval from its members to double the company's Authorised Share Capital. The notice, filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was dispatched to eligible members on May 13, 2026. The resolution is being put to vote exclusively through the remote e-voting mechanism facilitated by Central Depository Services (India) Limited (CDSL).

Proposed Increase in Authorised Share Capital

The Board of Directors, at its meeting held on Friday, April 24, 2026, approved a proposal to increase the Authorised Share Capital of the company. The resolution, classified as an Ordinary Resolution, seeks to raise the capital base to support the company's future growth plans, expansion activities, and to facilitate the raising of further capital. The proposed change also requires a corresponding alteration to Clause V of the Memorandum of Association of the Company.

The key details of the proposed capital restructuring are as follows:

Parameter: Current Proposed Authorised Share Capital: Rs. 5,00,00,000 (Rupees Five Crore only) Rs. 10,00,00,000 (Rupees Ten Crore only) Number of Equity Shares: 50,00,000 (Fifty Lakh) 1,00,00,000 (One Crore) Face Value per Share: Rs. 10 (Rupees Ten only) each Rs. 10 (Rupees Ten only) each

Consequently, Clause V of the Memorandum of Association will be substituted to read: "The share Capital of the Company is Rs. 10,00,00,000 (Ten crore) divided into 1,00,00,000 (One Crore) Equity Shares of 10 Rupees each." The Board has recommended the Ordinary Resolution for approval by the members of the Company.

E-Voting Schedule and Key Dates

The Postal Ballot Notice is being sent only through electronic mode to members whose names appear in the register of members as on the cut-off date. The e-voting facility is being provided by CDSL, and members are required to cast their votes electronically within the stipulated period. The key dates governing the postal ballot process are outlined below:

Parameter: Details Cut-off Date for E-Voting Eligibility: Friday, May 08, 2026 Date of Dispatch of Postal Ballot Notice: May 13, 2026 Commencement of Remote E-Voting: May 14, 2026, at 9:00 A.M. (IST) Closure of Remote E-Voting: June 12, 2026, at 5:00 P.M. (IST)

Voting rights of members shall be in proportion to the shares held by them in the paid-up equity share capital of the Company as on the cut-off date of Friday, May 08, 2026. The e-voting module shall be disabled by CDSL after 5:00 P.M. (IST) on Friday, June 12, 2026.

Scrutinizer and Results Declaration

Pursuant to Rule 22 of the Companies (Management and Administration) Rules, 2014, the Board has appointed M/s Rawal & Co., Practicing Company Secretary (Membership No. 43231 and COP No. 22687), as the Scrutinizer to conduct the postal ballot voting process in a fair and transparent manner. The Scrutinizer will submit the report to the Chairman of the Company after completion of scrutiny.

The results of the Postal Ballot will be announced within two (2) working days from the close of the voting period. Results will be hosted on the company's website at https://pearlgreenclubsresort.com/ and on the CDSL website at https://evoting.cdslindia.com . The results, along with the Scrutinizer's Report, will also be communicated to BSE Limited. If approved by the requisite majority, the resolution shall be deemed to have been passed on Friday, June 12, 2026, being the last date of remote e-voting.

Shareholder Participation and Disclosures

None of the Directors, Key Managerial Personnel, or their relatives are concerned or interested, financially or otherwise, in the proposed resolution, except to the extent of their shareholding in the Company, if any. Members who are unable to participate through their depository accounts may contact the CDSL helpdesk at helpdesk.evoting@cdslindia.com or at toll-free number 1800 21 09911 for assistance. The Postal Ballot Notice is also available on the company's website and on the BSE website at www.bseindia.com .

Pearl Green Clubs & Resorts Limited announced its audited financial results for the year ended March 31, 2026, demonstrating improved profitability despite a decline in total income. The company's board meeting held on April 24, 2026, approved comprehensive financial results and several strategic corporate decisions.

Financial Performance Overview

The company's financial performance for FY26 showed mixed results with improved bottom-line performance. Total income decreased to Rs. 666.75 lakhs in FY26 from Rs. 845.09 lakhs in the previous year, representing a decline of approximately 21%. However, the company successfully turned around its profitability, reporting a net profit of Rs. 80.59 lakhs for FY26 compared to a net loss of Rs. 17.87 lakhs in FY25.

Financial Metric: FY26 (Rs. Lakhs) FY25 (Rs. Lakhs) Change Total Income: 666.75 845.09 -21.1% Total Expenses: 562.74 861.91 -34.7% Net Profit/(Loss): 80.59 (17.87) Positive turnaround Basic & Diluted EPS (Rs.): 3.01 (0.67) Significant improvement

Revenue Composition and Operational Efficiency

The company's revenue structure showed significant changes during FY26. Revenue from operations increased substantially to Rs. 75.48 lakhs in FY26 from Rs. 3.37 lakhs in FY25. Other income contributed Rs. 591.27 lakhs to the total income for FY26. The company demonstrated improved cost management, with total expenses declining to Rs. 562.74 lakhs from Rs. 861.91 lakhs in the previous year.

Balance Sheet Position

The company's financial position strengthened during FY26. Total equity increased to Rs. 2,527.21 lakhs as of March 31, 2026, from Rs. 2,446.63 lakhs in the previous year. The company maintained a healthy balance sheet with total assets of Rs. 2,694.90 lakhs compared to Rs. 2,571.79 lakhs in FY25.

Balance Sheet Item: March 31, 2026 (Rs. Lakhs) March 31, 2025 (Rs. Lakhs) Total Equity: 2,527.21 2,446.63 Total Assets: 2,694.90 2,571.79 Current Assets: 917.99 1,064.72 Current Liabilities: 167.69 125.16

Board Changes and Corporate Governance

The board approved significant changes in its composition during the meeting. Ms. Durga Kumar Modi was appointed as an Additional Director in the Independent category, subject to shareholder approval. The 33-year-old professional from Bikaner, Rajasthan, holds a Master of Commerce degree with specialization in Economic Administration and Financial Management.

Simultaneously, the board accepted the resignation of Ms. Sayli Akshay Shelke from her position as Independent Director, effective from April 24, 2026. Ms. Shelke cited preoccupation and personal commitments as reasons for her resignation.

Board Change: Details New Appointment: Ms. Durga Kumar Modi (Independent Director) Appointment Date: April 24, 2026 Resignation: Ms. Sayli Akshay Shelke Effective Date: April 24, 2026

Capital Structure Enhancement

The board approved a significant increase in the company's authorized share capital from Rs. 5 crore to Rs. 10 crore, subject to shareholder consent. The enhanced capital structure will comprise 1 crore equity shares of Rs. 10 each, compared to the current 50 lakh equity shares. This expansion provides the company with greater financial flexibility for future growth initiatives.

Audit Opinion and Compliance

M/s. Rawka & Associates, the company's statutory auditors, issued an unmodified audit opinion on the financial results for FY26. The auditors confirmed that the financial statements present a true and fair view of the company's financial position and comply with applicable Indian accounting standards and SEBI listing regulations.

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