Peninsula land Limited has submitted its mandatory compliance certificate to stock exchanges for the quarter ended March 31, 2026, in accordance with SEBI regulatory requirements. The filing demonstrates the company's adherence to depositories and participants regulations governing securities dematerialization processes.

Regulatory Compliance Filing

The company filed the certificate on April 03, 2026, with both BSE Limited and National Stock Exchange of India Limited. The submission was made pursuant to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Certificate Confirmation

Purva Sharegistry (I) Private Limited, serving as the company's Registrar and Transfer Agent, issued the confirmation certificate. The registrar holds SEBI registration number INR000001112 and operates as a Category 1 Registrar for IPO and Share Transfer services.

The certificate confirms several key compliance aspects:

• Securities received from depository participants for dematerialization during the quarter were properly confirmed to depositories
• All security certificates received for dematerialization were appropriately confirmed or rejected
• Received certificates were mutilated and cancelled after due verification by depository participants
• Depository names were substituted in the register of members as registered owners within prescribed timelines

Administrative Details

The filing was executed by Pooja Sutradhar, Company Secretary and Compliance Officer, holding membership number A40807. Ms. Deepali Gaonkar, Compliance Officer at Purva Sharegistry, signed the confirmation certificate on behalf of the registrar.

This quarterly compliance certificate represents standard regulatory filing requirements for listed companies, ensuring transparency in securities dematerialization processes and maintaining investor protection standards as mandated by SEBI regulations.

Peninsula Land Limited has completed the full redemption of its optionally convertible debentures (OCDs) worth ₹149.99 crore in Q3 FY26, following a redemption notice received from investors. The development was disclosed through a monitoring agency report submitted by CARE Ratings Limited for the quarter ended December 31, 2025.

OCD Redemption Details

The redemption was triggered by a notice dated November 17, 2025, from the investor pursuant to the expiry of the 18-month tenure of the OCDs. The company executed the redemption in two separate tranches as per the OCD Subscription Agreement dated June 24, 2024.

Monitoring Agency's Assessment

CARE Ratings Limited, serving as the monitoring agency, reported a deviation from the original objects of the issue. The agency noted that the issue proceeds were initially intended for "Capital Contribution towards Real Estate Platform" but were instead utilized for redemption purposes.

Key findings from the monitoring report include:

• Deviation Range: 75-100% of the total issue amount
• Original Purpose: Capital contribution towards real estate platform
• Actual Utilization: Complete redemption of OCDs
• Prior Deployment: ₹36.97 crore had been previously utilized towards the stated objects

Company's Response

Peninsula Land Limited has disagreed with the monitoring agency's characterization of deviation, presenting the following arguments:

• All utilization and redemption activities were conducted in full compliance with the terms of issue and OCD subscription agreement
• The return of unutilized proceeds to investors in accordance with agreed terms cannot be construed as deviation
• The company will pursue the original objects through alternative financing means over the next few years

Financial Context

The monitoring agency highlighted several factors affecting the company's financial position:

Management Outlook

The company's management expressed confidence about improving profitability in coming quarters, attributing current losses primarily to deferment of revenue recognition. The board stated that deferred revenue recognition is expected to positively impact earnings as it gets recognized in upcoming quarters, along with new project launches and business initiatives.

Regulatory Compliance

The monitoring report was prepared in accordance with Regulation 32(6) of SEBI LODR Regulations, 2015, and Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report was certified by chartered accountants D. DADHEECH and Co. with UDIN: 26151363PMZLDT7541 dated January 16, 2026.