Corporate Action3 Oct 2026, 04:30 pm
Pearl Green Clubs Raises ₹13.97 Cr via Preferential Issue
AI Summary
Pearl Green Clubs and Resorts Ltd announced its board has approved raising up to ₹13,96,80,000 (₹13.97 Crore) through a preferential issue of 11,64,000 equity shares at ₹120 per share. The funds will be raised at a premium of ₹110 per share. The company also decided to convene an Extra Ordinary General Meeting (EGM) on October 31, 2026, to seek shareholder approval for this issuance. M/s. Nisarg Sharma & Associates has been appointed as the scrutinizer for the EGM's remote e-voting process.
Key Highlights
- Board approved preferential issue of 11.64 lakh shares.
- Total funds to be raised: ₹13.97 Crore.
- Issue price set at ₹120 per share.
- EGM scheduled for October 31, 2026, for approval.
- Funds to be raised from 13 identified non-promoter investors.
Price Impact
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