Peninsula Land Limited has successfully completed the full redemption of its Optionally Convertible Debentures (OCDs), marking a significant milestone in the company's debt management strategy. The real estate developer has now fully redeemed all OCDs worth ₹150.00 crore issued under the OCD Subscription Agreement dated June 24, 2024.

Complete OCD Redemption Achieved

The company announced on December 23, 2025, through its official intimation to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it has completed the redemption of Tranche B OCDs comprising 66,37,168 debentures aggregating to ₹37.50 crore. This follows the earlier redemption of Tranche A OCDs worth ₹112.50 crore, which was completed in December 2025. All obligations related to both tranches have been fulfilled and discharged in accordance with the terms of the OCD Subscription Agreement.

OCD Redemption Summary

Board Changes Following OCD Redemption

As a direct consequence of the complete OCD redemption, significant changes have occurred in the company's board composition. According to the terms of the OCD Subscription Agreement, RE2.0 Residential Opportunities Fund has ceased to have the right to appoint a Nominee Director on the Board following the full redemption.

Director Cessation Details

Mr. Hrishikesh Parandekar (DIN: 01224244) ceased to be a Director of the company with effect from December 23, 2025, from the close of business hours. This change was automatic and in accordance with the predetermined terms of the OCD agreement.

Strategic Financial Management

The successful completion of the entire OCD redemption demonstrates Peninsula Land's commitment to effective financial management and debt resolution. The company has fulfilled all its obligations ahead of the January 8, 2026 deadline that was originally set for Tranche B redemption. This proactive approach in managing financial instruments reflects positively on the company's operational efficiency and financial discipline.

The completion of this substantial financial obligation totaling ₹150.00 crore represents a significant step in Peninsula Land's capital structure optimization. With all OCDs now fully redeemed, the company has cleared this major financial commitment, potentially strengthening its balance sheet and providing greater financial flexibility for future operations and growth initiatives.

Peninsula Land Limited , a prominent real estate company, has been fined by both the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange (BSE) for delayed compliance with SEBI ICDR Regulations Schedule XIX-Para(2).

Fine Details and Company Response

The NSE has imposed a fine of Rs 10,14,800 (including GST) on Peninsula Land Limited. This fine came after the NSE rejected the company's appeal filed in September, which followed the refusal of an earlier waiver application.

Separately, the BSE has rejected Peninsula Land Limited's waiver request and imposed a fine of Rs 8,40,000 (excluding 18% GST) for the same non-compliance issue.

In response to these fines, Peninsula Land stated that while they acknowledge the delayed compliance, they believe it did not cause any detriment to shareholders or market participants. The company has expressed its intention to discharge the obligations while simultaneously pursuing further appeals with the appropriate authorities.

Regulatory Non-Compliance and Its Impact

The non-compliance in question relates to Schedule XIX - Para (2) of SEBI (ICDR) Regulations, 2018. While the specific details of the violation are not disclosed, these regulations are designed to ensure transparency and protect investor interests in the Indian capital markets.

Financial Impact and Company's Stance

Peninsula Land Limited has stated that the fines, although significant, are not considered to have a material impact on the company's financials, operations, or other activities. This assertion suggests that the company remains financially stable despite the regulatory setbacks.

Disclosure and Transparency

In line with regulatory requirements, Peninsula Land Limited has promptly disclosed these developments to the stock exchanges. The company's Company Secretary and Compliance Officer, Pooja Sutradhar, signed off on the official communication, demonstrating the company's commitment to transparency in its dealings with regulatory bodies and shareholders.

Conclusion

As Peninsula Land Limited navigates these regulatory challenges, investors and market participants will be keenly watching how the company manages its compliance obligations going forward. The outcome of any further appeals pursued by the company could have implications for both Peninsula Land and the broader real estate sector's approach to regulatory compliance.