Peninsula Land reported a widened standalone net loss of ₹1,536.8 crore for the financial year ended March 31, 2026, primarily driven by exceptional items. The real estate developer's revenue from operations declined to ₹141.25 crore for the year, compared to ₹241.65 crore in the previous year.

Financial Performance for FY26

The company recorded a total income of ₹169.07 crore for the year, down from ₹262.84 crore in FY25. The bottom line was significantly impacted by exceptional items amounting to ₹1,402.5 crore, largely attributed to the impairment of loans to subsidiaries, joint ventures, and associates. Consequently, the net loss for the year widened to ₹1,536.8 crore from a loss of ₹252.7 crore in the prior year.

Quarterly Performance and Exceptional Items

For the quarter ended March 31, 2026, the standalone net loss stood at ₹118.58 crore, with revenue at ₹40.26 crore. The exceptional items for the quarter included an impairment of ₹1,224.5 crore related to loans to subsidiaries, joint ventures, and associates. This impairment was necessitated by the initiation of the Corporate Insolvency Resolution Process (CIRP) against M/s. Hem Infrastructure and Property Developers Private Limited (HIPDPL) by the National Company Law Tribunal (NCLT) in July 2025.

Corporate Governance and Board Decisions

The Board of Directors, in its meeting held on May 29, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. Additionally, the Board approved the re-appointment of Mr. Pawan Swamy as an Independent Director for a second term effective November 11, 2026, subject to shareholder approval. Mr. Nandan A Piramal was re-designated from Whole-time Director to Managing Director designated as Joint Managing Director, effective May 29, 2026, also subject to shareholder approval. The Board also appointed M/s. Aneja Assurance Private Limited as the Internal Auditor for the financial year 2026-2027.

The statutory auditors, M/s. S R B C & Co LLP, issued an unmodified opinion on the standalone and consolidated financial results.

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.