Peninsula Land Limited has informed the Exchange about General Updates
PENINLAND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Peninsula Land Limited received an administrative warning from SEBI for violating disclosure norms under Regulation 30 of LODR Regulations. The issue relates to delayed disclosure about alleged fraudulent transactions in the company's joint venture with K B Kothari Group. SEBI found that the company was aware of the alleged fraud and dispute since April 10, 2024 (when a police complaint was filed), but only disclosed it to the stock exchange on March 20, 2025 (upon FIR registration). SEBI also noted that the March 2025 disclosure mentioned approximately Rs. 200 crore as the extent of alleged fraud without clearly distinguishing between amounts under investigation and the Rs. 3.64 crore where fraud has been established. The company has been advised to correct its disclosures and place this before its Board.
This is a regulatory warning rather than a penalty, but it highlights inadequate disclosure practices and potential governance concerns. Investors should monitor whether the company rectifies its disclosures as directed by SEBI, as any recurrence could lead to stricter enforcement action.