EGM on October 31, 2026 to consider preferential issue of 11,64,000 shares at Rs.120 per share

Pearl Green Clubs and Resorts Ltd has called an Extraordinary General Meeting on Saturday, October 31, 2026 at 12.00 p.m. at its registered office in Gandhinagar, Gujarat.

Wed 7 Oct 2026

Number of Equity Shares

up to 11,64,000 Equity Shares on a preferential basis

Issue Price

Rs.120/- per share (face value Rs.10/-, premium Rs.110/-)

Total Issue Amount

Rs. 13,96,80,000/-

What shareholders are being asked to approve

An Extraordinary General Meeting (EGM) of the members of Pearl Green Clubs and Resorts Ltd will be held on Saturday, October 31, 2026 at 12.00 p.m. at the Registered Office of the Company at 1301 Farm Section, Survey No 202, Prantiya gam, NH 48, Basan, Gandhi Nagar, Gandhinagar, Gujarat, India, 382355.

The notice sets out one item of Special Business, to be passed as a Special Resolution: the issue of Equity Shares on a preferential basis to Non Promoters.

The offer in numbers

• Number of shares: up to 11,64,000 Equity Shares
• Face value: Rs.10/- per Equity Share
• Premium: Rs.110/- per Equity Share
• Issue price: Rs.120/- per Equity Share
• Total amount: Rs. 13,96,80,000/-

The issue price has been determined in accordance with Regulation 166A read with Regulation 164 of Chapter V of the SEBI (ICDR) Regulations, 2018. The Relevant Date for determining the price is Thursday, October 01, 2026, being 30 days prior to the date of the EGM.

Who is proposed to receive the shares

All 13 proposed allottees are Non Promoters. The table in the notice lists:

• Padmani Brothers Growth LLP — 165000 shares
• Gaurang Rameshchandra Shah — 126000 shares
• Mihir Navinchandra Shah HUF — 90000 shares
• Mihir Navinchandra Shah — 90000 shares
• Devanshi Mihir Shah — 90000 shares
• Kalpana Hemant Desai — 90000 shares
• Hemantbhai Desai HUF — 90000 shares
• Yuga Mihir Shah — 90000 shares
• Sanchi Mihir Shah — 90000 shares
• Priti Mukesh Tailor — 90000 shares
• Amitkumar C Patel — 90000 shares
• Sabnani Nitinkumar KamalKumar — 42000 shares
• Ravindrakumar Jain — 21000 shares

• Total: 1164000 shares

Conditions attached to the issue

• An amount equal to 100% of the consideration is to be paid by the proposed allottees on or before the date of allotment, from their own bank account into the designated bank account of the Company.
• The shares will be fully paid up at the time of allotment and issued in dematerialised form only.
• The new shares will rank pari passu with the existing Equity Shares and will be entitled to dividend declared, if any, and other corporate benefits.
• The pre-preferential shareholding of the proposed allottees, if any, will be under lock-in, and the shares allotted will not be sold, transferred, hypothecated or encumbered during the lock-in period prescribed under Regulation 167 of the SEBI ICDR Regulations.
• Allotment is to be completed within a period of 15 days from the date of passing the special resolution or after receiving the in-principle approval letter from the stock exchanges, whichever is later.
• The Equity Shares will be listed and traded on BSE Limited, where the existing shares of the Company are listed.
• The money received from the subscribers will be kept in a separate bank account and utilised in accordance with Section 42 of the Companies Act, 2013.

How members can vote

• Cut-off date for remote e-voting and for entitlement to vote: Saturday, October 24, 2026.
• Remote e-voting window: from Wednesday, October 28, 2026 at 9.00 a.m. to Friday, October 30, 2026 at 5.00 p.m.
• Remote e-voting is offered through CDSL, and the facility for voting at the meeting is also available to members attending who have not already voted.

What this means in simple terms

A preferential issue means new shares are created and allotted to a selected set of investors rather than to the public. Because new shares are added, the total number of shares of the Company rises, so an existing shareholder's holding represents a smaller percentage of the Company after the allotment. Against that, the Company receives the issue amount, here up to Rs. 13,96,80,000/-, which adds to its funds.

The resolution is being placed before shareholders, so the outcome will be known after the EGM and the votes cast. The key figures to track are the 11,64,000 shares, the Rs.120/- issue price and the lock-in that will apply to the allotted shares.

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