Peninsula Land Limited has announced that its board of directors will meet on Friday, May 29, 2026. The primary agenda for the meeting is the consideration and approval of the audited financial results for the company. These results pertain to the quarter and financial year ended March 31, 2026, covering both standalone and consolidated figures.

Meeting Details

The meeting is convened in compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board will review the company's financial performance for the full fiscal year FY26.

Trading Window Closure

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's adopted Code of Conduct for Prevention of Insider Trading, the trading window for designated insiders has been closed. This closure came into effect on April 1, 2026. The window will remain closed until the conclusion of 48 hours after the declaration of the financial results.

The company has confirmed that a copy of the intimation regarding this meeting is available on its official website. This disclosure is intended for the information and records of the stock exchanges and shareholders.

Peninsula Land Limited has received an administrative warning from the Securities and Exchange Board of India (SEBI) for violating disclosure norms under the Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The warning was issued on April 30, 2026, highlighting significant delays in disclosing material events related to alleged fraudulent transactions.

Nature of the Violation

SEBI's administrative warning centers on Peninsula Land's delayed disclosure of alleged fraudulent transactions in its joint venture with K B Kothari Group (KBK Group). The regulator identified a critical timeline gap between the company's knowledge of the fraud and its public disclosure.

Regulatory Requirements Breached

SEBI highlighted specific violations of the LODR Regulations in its warning letter bearing reference number HO/49/13/11(235)2026-CFD-SEC5 I/10569/2026. Under Regulation 30(1) read with Schedule III, listed entities must disclose material events promptly upon occurrence or upon becoming aware of them. Additionally, Regulation 30(7) requires regular updates on such events until resolution.

The key regulatory breaches identified include:

• Delayed Initial Disclosure: The company should have made the initial disclosure on April 10, 2024, when the police complaint was filed
• Inadequate Update Process: The March 20, 2025 disclosure should have been an update under Regulation 30(7) rather than the initial disclosure
• Incomplete Information: The disclosure failed to clearly distinguish between amounts under investigation and established fraud cases

Financial Impact and Disclosure Issues

SEBI noted significant concerns regarding the accuracy and completeness of Peninsula Land's disclosure dated March 20, 2025. The disclosure reflected an amount of approximately ₹200.00 crore as the extent of alleged fraud and expected recovery, without clearly distinguishing between different categories of amounts.

SEBI's Directives and Future Compliance

The regulator has issued several specific directives to Peninsula Land Limited. The company must review and make necessary corrections to its March 20, 2025 disclosure, clearly presenting the factual position and distinguishing between amounts under investigation and established fraud cases.

SEBI has warned that any repetition of such violations will be viewed seriously, with appropriate enforcement action initiated under the SEBI Act, 1992. The company is also required to place this communication before its Board of Directors and forward their comments to SEBI within 15 days of the board meeting.

Company's Formal Response to Stock Exchanges

Peninsula Land Limited, through its Company Secretary and Compliance Officer Pooja Sutradhar, has formally communicated the receipt of SEBI's administrative warning to both BSE Limited and National Stock Exchange of India Limited on April 30, 2026. The company's communication was digitally signed and submitted at 18:19:02 IST.

The company stated it is reviewing the SEBI communication in detail and will take necessary and appropriate actions. In compliance with Regulation 30 of LODR Regulations, the company has disclosed the warning to the stock exchanges as required, treating it as compliance with applicable LODR provisions.