Peninsula Land Limited — Others, 20-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Peninsula Land Limited has announced a board meeting to discuss the filing of a First Information Report (FIR) against members of the K B Kothari Group for alleged cheating, forgery, and fraudulent misappropriation of funds related to a joint venture. The company anticipates the potential recovery of approximately INR 200 Crore from these proceedings, which could positively impact its financial standing. This development may influence investor sentiment, offering a positive outlook as it indicates proactive measures to safeguard assets and address financial misconduct. Overall, it reflects the company's commitment to enhancing governance and operational integrity.