Peninsula Land Limited — Others, 07-02-2025: Monitoring Agency Report

Peninsula Land has shared the Monitoring Agency Report for the quarter ended December 31, 2024, related to its preferential issue of optionally convertible debentures amounting to ₹149.99 crore. The report from CARE Ratings confirmed there were no deviations in the utilization of the funds as per the disclosed objectives. Currently, ₹112.49 crore has been utilized, with ₹37.50 crore parked in mutual funds. This steady financial management could bolster investor confidence, presenting a positive outlook for the company's operational effectiveness and liquidity strategy.