In a strategic move reflecting its continued emphasis on robust corporate governance and leadership reinforcement, Pearl Green Clubs and Resorts Limited has announced a significant realignment of its board and senior management team. As per the outcome of its Board of Directors meeting held on June 17, 2025, the company made three key appointments aligned with its long-term growth vision and governance objectives.

Appointments Announced:

As detailed in the regulatory filing made with BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the board approved:

1. Appointment of Mr. Pankaj Ganpati Yadav (DIN: 10631855) as Additional Non-Executive Independent Director for a tenure of five years.

2. Appointment of Mr. Prabhat Kumar Jha (DIN: 11122141) as Additional Executive Director, who shall be liable to retire by rotation.

3. Simultaneously, Mr. Prabhat Kumar Jha has also been appointed as the Chief Financial Officer (Key Managerial Personnel) of the company.

Each appointment is subject to the approval of shareholders and complies with disclosure requirements laid out in SEBI’s circular dated July 13, 2023 and Master Circular dated November 11, 2024.

Detailed Profile: Mr. Pankaj Ganpati Yadav

Mr. Pankaj Yadav brings with him 3 years of dynamic experience across multiple sectors, demonstrating strengths in strategic marketing, operational efficiency, and data-driven decision-making. His ability to lead teams effectively and improve business outcomes strategically positions him to provide valuable oversight as a Non-Executive Independent Director.

• Term: 5 years

• Not liable to retire by rotation

• No relationship with existing directors

• Not debarred by SEBI or any other authority from holding office

Detailed Profile: Mr. Prabhat Kumar Jha

A seasoned professional with over 13 years of experience in the field of finance and strategic business planning, Mr. Prabhat Jha has held leadership roles across diverse sectors. His areas of expertise include:

• Financial Planning & Risk Management

• Mergers & Acquisitions and Fundraising

• Investor Relations and Compliance

He holds a B.Com (Hons.) degree and is a CA Intermediate, combining deep analytical ability with pragmatic decision-making. Mr. Jha’s appointment as Executive Director and Chief Financial Officer underscores the company’s commitment to enhancing financial transparency and operational excellence.

• Executive Director: Liable to retire by rotation

• CFO (KMP): Effective from June 17, 2025

• Recommended by Nomination and Remuneration Committee

• No relationship with existing board members

• No SEBI bar

Meeting Details:

• Board Meeting Date: June 17, 2025

• Commencement Time: 01:30 P.M.

• Conclusion Time: 02:15 P.M.

The board convened to deliberate on recommendations from the Nomination and Remuneration Committee (NRC) and the Audit Committee, aligning these appointments with the company’s leadership succession plan.

SEBI Compliance and Transparency:

All three appointments are disclosed in accordance with SEBI circular SEBI/HO/CFD/CFD‐PoD‐1/P/CIR/2023/123, dated July 13, 2023, and the Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155, dated November 11, 2024. The company has affirmed that neither of the newly appointed directors is debarred by any regulatory body from holding a directorship, as required under BSE and NSE circulars dated June 20, 2018.

Leadership Commitment:

Commenting on the board restructuring, Mrs. Sanju, Whole-Time Director of Pearl Green Clubs and Resorts Limited (DIN: 10648601), emphasized the company's ongoing efforts to build a diverse, skilled, and compliant leadership team. The appointments are part of a strategic vision to drive growth, transparency, and operational integrity.

Corporate Background:

Pearl Green Clubs and Resorts Limited, headquartered in Ahmedabad, Gujarat, operates in the hospitality and resort management space. With a focus on offering unique and luxurious club experiences, the company has positioned itself as a niche player in the leisure and tourism sector. The addition of experienced board members and a dedicated CFO underscores Pearl Green’s intention to scale its operations while maintaining sound corporate governance practices.

Forward-Looking Strategy:

The company is expected to leverage Mr. Yadav’s marketing expertise and Mr. Jha’s financial leadership in steering the company through its next phase of expansion. This change reflects a growing trend among mid-cap and small-cap listed entities to bolster their boards with skilled professionals who bring independent oversight and functional excellence.

In an evolving regulatory landscape, especially with SEBI tightening disclosure norms, Pearl Green Clubs and Resorts Limited’s move reflects proactive compliance and signals confidence to its investors and stakeholders.

Conclusion:

Pearl Green Clubs and Resorts Limited has demonstrated strategic intent, regulatory diligence, and leadership planning through its latest appointments. As shareholders await final approval of the appointments in an upcoming general meeting, the company moves one step closer toward reinforcing its corporate governance framework and long-term business sustainability.

Disclaimer:
This article is for educational and informational purposes only and does not constitute financial advice. Investment decisions should be based on individual risk tolerance and consultation with SEBI-registered advisors. Market conditions are volatile and subject to change. Neither the author nor the platform is responsible for losses arising from use of this information.

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