PENINSULA LAND LIMITED

Develops residential real estate projects, primarily through joint ventures and related-party arrangements. In July 2026, an 11-acre plotted development called 'Peninsula Estates, Alibaug ONE' was launched through JV entity Prairie Real Estate LLP — 92 exclusive plots with a base price of Rs 2.39 crore for 2,454 sq ft; the JV was formed in June 2024 with Alpha AIF and Delta Corp. The board also approved end-to-end development and management of a residential project on land owned by entities related to Mr. Jaydev Mukund Mody. Standalone revenue from operations fell to Rs 14,125 lakhs in FY26 from Rs 24,165 lakhs in FY25. The cost stack is led by other operating expenses at 32.3% of revenue and employee costs at 25.2%, with materials at 21.3% and depreciation at 3.1%. The FY26 standalone net loss widened to Rs 15,368 lakhs from Rs 2,527 lakhs, driven mainly by an exceptional item of Rs 14,025 lakhs — including Rs 10,200 lakhs of full impairment on exposure to joint venture HIPDPL, which entered Corporate Insolvency Resolution Process in July 2025. The company redeemed Rs 15,000 lakhs of optionally convertible debentures in December 2025 and carries an LRD loan facility of Rs 278.90 crore from Bank of Maharashtra.