Peninsula Land Limited — Others, 14-11-2024: Monitoring Agency Report

Peninsula Land Limited has announced a board meeting to review the Monitoring Agency Report for the quarter ended September 30, 2024, relating to its preferential issue of optionally convertible debentures totaling ₹149.99 crore. The report from CARE Ratings confirms that there have been no deviations in the utilization of funds; ₹112.49 crore has been deployed as intended, while ₹37.50 crore remains in mutual funds. This efficient fund utilization supports the company's financial health and operational strategy, likely fostering a positive outlook among investors given the alignment with initial objectives.