Peninsula Land Limited — Others, 15-05-2025: Monitoring Agency Report

Peninsula Land Limited has announced a CARE Ratings monitoring report on its preferential issue of optionally convertible debentures worth Rs. 149.99 Cr. By March 31, 2025, Rs. 112.49 Cr has been deployed for capital contribution to a Real Estate Platform, with the balance Rs. 37.50 Cr held in liquid mutual funds and current accounts. Revenue declined about 57% YoY to Rs. 194.65 Cr in 9M FY25 due to delayed possession transfers from regulatory hold-ups, resulting in a 4% net loss. Management is optimistic about resolving delays and expects new project launches to support recovery.