Pearl Green preferential issue plans received board approval on October 3, 2026, with Pearl Green Clubs and Resorts Ltd proposing to raise up to Rs 13.968 crore, according to its BSE filing. The proposal involves issuing up to 11,64,000 fully paid-up equity shares at Rs 120 each and remains subject to necessary approvals.

The company, listed on BSE under scrip code 543540, approved the fundraising at a board meeting held at its registered office in Gandhinagar, Gujarat. The meeting began at 3:30 p.m. and concluded at 4 p.m.

The proposed issue price of Rs 120 per share comprises a face value of Rs 10 and a premium of Rs 110. The filing states that pricing was determined under Regulation 166A read with Regulation 164 of the SEBI Issue of Capital and Disclosure Requirements Regulations, 2018.

Proposed allotments and investor disclosure

Annexure A names 13 proposed allottees, all classified as non-promoters. Their proposed allocations add up to the stated ceiling of 11,64,000 equity shares.

  • Padmani Brothers Growth LLP: up to 1,65,000 shares.
  • Gaurang Rameshchandra Shah: up to 1,26,000 shares.
  • Nine other proposed allottees: up to 90,000 shares each.
  • Sabnani Nitinkumar KamalKumar: up to 42,000 shares.
  • Ravindrakumar Jain: up to 21,000 shares.

The nine proposed recipients of 90,000 shares each are Mihir Navinchandra Shah HUF, Mihir Navinchandra Shah, Devanshi Mihir Shah, Kalpana Hemant Desai, Hemantbhai Desai HUF, Yuga Mihir Shah, Sanchi Mihir Shah, Priti Mukesh Tailor and Amitkumar C Patel.

The filing contains an inconsistency in the investor count: Annexure I states “up to 10” investors, while Annexure A lists 13. The supplied disclosure does not explain this difference.

Extraordinary general meeting on October 31

The board scheduled an extraordinary general meeting for October 31, 2026, at noon at the company's registered office and approved its draft notice.

It also appointed M/s. Nisarg Sharma & Associates, CP No. 17088, as scrutinizer for the EGM's remote e-voting process. The disclosure records board approval of the proposed preferential issue; it does not report completion of the share allotment.