Peninsula Land Limited — QIP/Rights/Pref., 16-04-2025: Allotment of Securities

Peninsula Land Limited has allotted 77,27,000 additional equity shares following the conversion of 0% Unsecured Compulsorily Convertible Debentures (CCDs) into equity at a conversion ratio of 1:1. The shares were issued to Delta Corp Limited at a conversion price of ₹44 per share. The total value of the initial CCDs issued to Delta was ₹33.99 Cr. Following this allotment, Delta's shareholding has increased to 2,27,75,000 shares, representing 6.87% of the company. The new equity shares will rank equally with existing shares in terms of voting rights and dividends. The company will also seek listing approval for these shares from the BSE and NSE.