Appointment of Internal Auditor
PENINLAND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Peninsula Land Limited reported its audited financial results for Q4 and FY 2026. The company posted a standalone loss after tax of Rs 15,368 lakhs for FY 2026, significantly higher than Rs 2,527 lakhs loss in FY 2025, primarily due to Rs 14,025 lakhs exceptional item for impairment of loans to a joint venture entity (HIPDPL) under Corporate Insolvency Resolution Process. Revenue from operations declined to Rs 14,125 lakhs from Rs 24,165 lakhs. The board also appointed M/s. Aneja Assurance Private Limited as the new internal auditor for FY 2026-27, re-appointed Mr. Pawan Swamy as Independent Director for a second 5-year term, and re-designated Mr. Nandan A Piramal from Whole-time Director to Joint Managing Director, subject to shareholder approval.
The significant increase in losses and impairment provisions indicate ongoing stress in the company's joint venture exposures. Appointment of an experienced boutique GRC firm as internal auditor may strengthen governance controls. The leadership changes within the promoter family reflect succession planning.