Peninsula Land Limited has informed the Exchange regarding re-appointment of Mr. Pawan Swamy as Independent Director of the company for second term of five years w.e.f. November 11, 2026
PENINLAND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Peninsula Land Limited's Board approved re-appointment of Mr. Pawan Swamy as Independent Director for a second term of 5 years effective November 11, 2026, subject to shareholder approval. The company also re-designated Mr. Nandan A Piramal from Whole-time Director to Joint Managing Director. FY26 standalone revenue declined to Rs. 14,125 lakhs from Rs. 24,165 lakhs in FY25, with net loss of Rs. 15,368 lakhs compared to Rs. 2,527 lakhs loss previously. Exceptional items of Rs. 14,025 lakhs include full provision for Rs. 10,200 lakhs exposure in Hem Infrastructure JV under CIRP. Auditors gave unmodified opinion on standalone and consolidated results.
The significant jump in losses driven by exceptional items and revenue decline raises concerns about financial health. The re-designation of promoter family member Nandan Piramal to Joint Managing Director strengthens family control over operations. Positive independent director re-appointment provides continuity in governance.