Peninsula Land Limited has informed the Exchange regarding re-appointment of Rajeev Piramal as Executive Vice Chairman and Managing Director of the company w.e.f. October 26, 2025.
PENINLAND · price
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Peninsula Land's board, at its August 6, 2025 meeting, re-appointed Rajeev A. Piramal as Executive Vice Chairman and Managing Director and Nandan A. Piramal as Whole Time Director, both for 5 years effective October 26, 2025, subject to shareholder approval. The board also approved Q1 FY26 results, appointing Shivam Sharma as Secretarial Auditor (FY26–FY30), Aneja Assurance as Internal Auditor for FY26, and Amyn Jassani as an Additional Independent Director. Standalone Q1 FY26 showed revenue from operations rising to Rs 3,684 lakhs (vs Rs 3,003 lakhs a year ago), but the loss after tax widened sharply to Rs 581 lakhs from Rs 188 lakhs, with EPS at Rs (0.18). The company flagged a major concern: the NCLT has initiated Corporate Insolvency Resolution Process against its joint venture HIPDPL over a Rs 266 crore corporate guarantee, exposing the company to Rs 9,615 lakhs (standalone) of investments and loans whose recovery is uncertain.
Shareholders get continuity at the top with promoter-family leadership confirmed for another 5 years, which is a positive for stability. However, the deepening Q1 loss and the sizeable uncertain exposure at HIPDPL under insolvency are red flags that may weigh on the stock and require close monitoring of recovery efforts.