PENINSULA LAND
CREATING INTERNATIONAL LANDMARKS
By Ashok Piramal Group

Date: May 29, 2026

To
BSE Limited,
1st Floor, New Trading Wing,
Rotunda Building, P J Towers,
Dalal Street, Fort,
Mumbai - 400 001
Scrip Code : 503031

National Stock Exchange of India Limited,
Exchange Plaza, 5th Floor,
Plot No C/1, G Block,
Bandra-Kurla Complex,
Bandra (E), Mumbai - 400 051.
Scrip Symbol: PENINLAND

Sub: Outcome of Board Meeting - Pursuant to Regulation 33 and 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations")

Respected Sir / Madam,

This is to inform that the Board of Directors, at its meeting held today i.e. May 29, 2026 inter-alia have considered and approved the following:

Financial Results

Pursuant to Regulation 33 of LODR Regulation, we enclose the following:

a) Standalone Audited Financial Results of the Company for the quarter and financial year ended March 31st, 2026.
b) Consolidated Audited Financial Results of the Company for the quarter and financial year ended March 31st, 2026.
c) Auditors Report on the Standalone and Consolidated Financial results for the quarter and financial year ended March 31st, 2026.
d) Declaration under Regulation 33 (3) (d) of the LODR Regulations enclosed as “ANNEXURE – A”.

Appointment of Internal Auditor

On the recommendation of the Audit Committee, the Board of Directors at its meeting held today, approved the appointment of M/s. Aneja Assurance Private Limited, as Internal Auditor of the Company for the financial year 2026-2027. Details in accordance with the LODR Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated 11th July, 2023 and last updated on 30th January, 2026 is given in “ANNEXURE – B” to this letter.

PENINSULA LAND LIMITED
1401, 14th Floor, Tower-B,
Peninsula Business Park,
Ganpatrao Kadam Marg,
Lower Parel, Mumbai 400 013,
India.

Phone : +91 22 6622 9300
Email : [email protected]
URL : www.peninsula.co.in
CIN : L17120MH1871PLC000005

ASHOK
PIRAMAL
GROUP

PENINSULA LAND
CREATING INTERNATIONAL LANDMARKS
By Ashok Piramal Group

Re-appointment of Independent Director

On the recommendation of the Nomination and Remuneration Committee, the Board of Directors at its meeting held today, approved the re-appointment of Mr. Pawan Swamy as an Independent Director for a second term w.e.f. November 11, 2026, subject to the approval of the shareholders. Details in accordance with the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated 11th July, 2023 and last updated on 30th January, 2026 is given in "ANNEXURE – C" to this letter

Re-designation from Whole-time Director to Managing Director designated as 'Joint Managing Director' of the Company

On the recommendation of the Nomination and Remuneration Committee, the Board of Directors at its meeting held today, approved re-designation of Mr. Nandan A Piramal (DIN: 00045003) from Whole-time Director to Managing Director designated as 'Joint Managing Director' of the Company, subject to the approval of the shareholders. Details in accordance with the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated 11th July, 2023 and last updated on 30th January, 2026 is given in "ANNEXURE – D" to this letter

The above meeting of the Board of Directors commenced at 02:30 p.m. and concluded at 04.28 p.m.

The above information is also available on the website of the Company www.peninsula.co.in.

Request you to kindly take the above on record.

Thanking you,

Yours faithfully

For Peninsula Land Limited

POOJA
BABUL
SUTRADHAR

Digitally signed
by POOJA BABUL
SUTRADHAR
Date: 2026.05.29
18:14:50 +05'30'

Pooja Sutradhar
Company Secretary and Compliance Officer
Membership Number A40807

Encl.: As above

PENINSULA LAND LIMITED
1401, 14th Floor, Tower-B,
Peninsula Business Park,
Ganpatrao Kadam Marg,
Lower Parel, Mumbai 400 013,
India.

Phone : +91 22 6622 9300
Email : [email protected]
URL : www.peninsula.co.in
CIN : L17120MH1871PLC000005

ASHOK
PIRAMAL
GROUP

PENINSULA LAND
CREATING INTERNATIONAL LANDMARKS
By Ashok Piramal Group

"ANNEXURE – A"

Date: May 29, 2026

To
BSE Limited,
1st Floor, New Trading Wing,
Rotunda Building, P J Towers,
Dalal Street, Fort,
Mumbai - 400 001
Scrip Code : 503031

National Stock Exchange of India Limited,
Exchange Plaza, 5th Floor,
Plot No C/1, G Block,
Bandra-Kurla Complex,
Bandra (E), Mumbai - 400 051.
Scrip Symbol: PENINLAND

Subject: Declaration in respect of unmodified opinion on Annual Audited Financial Results of the Company (Standalone and Consolidated) for the financial year ended March 31, 2026.

We hereby declare that the Statutory Auditors of the Company, M/s. S R B C & Co. LLP, have issued the Audit Reports with Unmodified Opinion on the Standalone and Consolidated Financial Results for the year ended March 31, 2026. Kindly take same on record.

Thanking you,
Yours faithfully

For Peninsula Land Limited
POOJA
BABUL
SUTRADHAR
Digitally signed
by POOJA BABUL
SUTRADHAR
Date: 2026.05.29
18:15:25 +05'30'

Pooja Sutradhar
Company Secretary and Compliance Officer
Membership Number A40807

PENINSULA LAND LIMITED
1401, 14th Floor, Tower-B,
Peninsula Business Park,
Ganpatrao Kadam Marg,
Lower Parel, Mumbai 400 013,
India.

Phone : +91 22 6622 9300
Email : [email protected]
URL : www.peninsula.co.in
CIN : L17120MH1871PLC000005

ASHOK
PIRAMAL
GROUP

PENINSULA LAND
CREATING INTERNATIONAL LANDMARKS
By Ashok Piramal Group

"ANNEXURE – B"

Details as required in accordance with the LODR Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated 11th July, 2023 and last updated on 30th January, 2026.

PENINSULA LAND LIMITED
1401, 14th Floor, Tower-B,
Peninsula Business Park,
Ganpatrao Kadam Marg,
Lower Parel, Mumbai 400 013,
India.

Phone : +91 22 6622 9300
Email : [email protected]
URL : www.peninsula.co.in
CIN : L17120MH1871PLC000005

ASHOK
PIRAMAL
GROUP

PENINSULA LAND
CREATING INTERNATIONAL LANDMARKS
By Ashok Piramal Group

"ANNEXURE – C"

Details as required in accordance with the LODR Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated 11th July, 2023 and last updated on 30th January, 2026.

Terms of Re-appointment
Re-appointment of Mr. Pawan Swamy as an Independent Director for a second term of 5 years w.e.f. November 11, 2026, subject to approval of shareholders of the Company. |
| 3. | Brief profile (in case of appointment) | Mr. Pawan Swamy is a key member of the Board of Peninsula Land Limited. His background and experience in real estate markets, sales and business strategy, financial acumen and business connections are valued by the Board. Mr. Pawan Swamy is a founding member of Credberg and serves as Chairman & Jt Managing Partner and is responsible for the overall direction of the Firm. He has more than 20 years of experience in Indian Real estate on the investment banking and brokerage sides of the Industry. He has led more than US$ 5 billion in transactions across all asset classes and the entire capital structure. Mr. Pawan Swamy was previously a Managing Partner at Brookfield Financial, leading their India operations. Prior to that, he was a Managing Director at Jones Lang Lasalle where he set up one of the largest real estate capital markets and investment brokerage platforms in the Country. His experience also includes working on the real estate mortgage |

PENINSULA LAND LIMITED
1401, 14th Floor, Tower-B,
Peninsula Business Park,
Ganpatrao Kadam Marg,
Lower Parel, Mumbai 400 013,
India.

Phone : +91 22 6622 9300
Email : [email protected]
URL : www.peninsula.co.in
CIN : L17120MH1871PLC000005

ASHOK
PIRAMAL
GROUP

PENINSULA LAND
CREATING INTERNATIONAL LANDMARKS
By Ashok Piramal Group

PENINSULA LAND LIMITED
1401, 14th Floor, Tower-B,
Peninsula Business Park,
Ganpatrao Kadam Marg,
Lower Parel, Mumbai 400 013,
India.

Phone : +91 22 6622 9300
Email : [email protected]
URL : www.peninsula .co.in
CIN : L17120MH1871PLC000005

ASHOK
PIRAMAL
GROUP

PENINSULA LAND
CREATING INTERNATIONAL LANDMARKS
By Ashok Piramal Group

"ANNEXURE – D"

Details as required in accordance with the LODR Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated 11th July, 2023 and last updated on 30th January, 2026.

Terms of Re-designation
Re-designation of Mr. Nandan A Piramal (DIN: 00045003) from Whole Time Director to Managing Director designated as ‘Joint Managing Director’ of the Company, subject to approval of the shareholders, without any change in remuneration and with the term and tenure remaining the same as approved in 153rd AGM of the company. |
| 3. | Brief profile (in case of appointment) | Mr. Nandan A. Piramal heads sales and marketing, Projects and Operations at Peninsula Land Limited which has projects spread across six locations in India. The entire gamut of marketing initiatives from developing marketing tools to sales is led by him. He also oversees the operations in terms of value enhancement, efficiency in execution and internal controls.

Mr. Piramal started his career as Vice Chairman in Pyramid Retail after completing his education in London. He was in charge of handling all aspects of the retail business from business strategy to expansion.

He also conceptualized and launched Corporate Social Responsibility (CSR) at Ashok Piramal Group. The CSR projects include mobile health vans providing medical |

PENINSULA LAND LIMITED
1401, 14th Floor, Tower-B,
Peninsula Business Park,
Ganpatrao Kadam Marg,
Lower Parel, Mumbai 400 013,
India.

Phone : +91 22 6622 9300
Email : [email protected]
URL : www.peninsula.co.in
CIN : L17120MH1871PLC000005

ASHOK
PIRAMAL
GROUP

PENINSULA LAND
CREATING INTERNATIONAL LANDMARKS
By Ashok Piramal Group

| | | aid at peoples' doorsteps and vocational training institutes: training unemployed people to gain employment.

Mr. Piramal is an alumnus of University College, London. |
| --- | --- | --- |
| 4. | Disclosure of relationships between directors (in case of appointment of a director) | Son of Ms. Urvi A. Piramal, Chairperson and Non-Executive Director and Brother of Mr. Rajeev A. Piramal, Executive Vice Chairman and Managing Director of the Company. |
| 5. | Information as required pursuant to BSE Circular with ref. no. LIST/COMP/14/2018-19 and the National Stock Exchange of India Limited Circular with ref. no. NSE/CML/2018/ 24, both dated 20 June 2018 | Mr. Nandan A. Piramal is not debarred from holding the office of director by virtue of any SEBI order or any other such authority. |

PENINSULA LAND LIMITED
1401, 14th Floor, Tower-B,
Peninsula Business Park,
Ganpatrao Kadam Marg,
Lower Parel, Mumbai 400 013,
India.
Phone : +91 22 6622 9300
Email : [email protected]
URL : www.peninsula .co.in
CIN : L17120MH1871PLC000005
ASHOK
PIRAMAL
GROUP

SRBC & CO LLP
Chartered Accountants
12th Floor, The Ruby
29 Senapati Bapat Marg
Dadar (West)
Mumbai - 400 028, India
Tel : +91 22 6819 8000

Independent Auditor's Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To
The Board of Directors of
Peninsula Land Limited

Report on the audit of the Standalone Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date standalone financial results of Peninsula Land Limited (the “Company”) for the quarter ended March 31, 2026 and for the year ended March 31, 2026 (“Statement”), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us, the Statement:

i. is presented in accordance with the requirements of the Listing Regulations in this regard; and
ii. gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of the net loss and other comprehensive loss and other financial information of the Company for the quarter ended March 31, 2026 and for the year ended March 31, 2026.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended (“the Act”). Our responsibilities under those Standards are further described in the “Auditor’s Responsibilities for the Audit of the Standalone Financial Results” section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Management’s Responsibilities for the Standalone Financial Results

The Statement has been prepared on the basis of the standalone annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the Statement that gives a true and fair view of the net loss and other comprehensive loss of the Company and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness

MUMBA
SRBC&COLLP, a Limited Liability Partnership with LLP Identity No. A49-4318
Regd. Office: 22, Camar Street, Book 9, 3rd Floor, Kolkata-700 016

SRBC & COLLP
Chartered Accountants
Peninsula Land Limited
Page 2 of 3

of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Statement, the Board of Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.

MUMBAI

SRBC&COLLP
Chartered Accountants

Peninsula Land Limited
Page 3 of 3

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matter

The Statement includes the results for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For SRBC & CO LLP
Chartered Accountants
ICAI Firm Registration Number: 324982E/E300003

per Pramod Kumar Bapna
Partner
Membership No.: 105497

UDIN:26105497ADXAVP7313

Place: Mumbai
Date: May 29, 2026

PENINSULA LAND
CREATING INTERNATIONAL LANDMARKS
By Ashok Piramal Group

PENINSULA LAND LIMITED
1401, Tower B, 14th Floor,
Peninsula Business Park,
Garpatrao Kadam Marg,
Lower Parel, Mumbai - 400013.
Phone : +91226622 9300
Email : [email protected]
URL : www.peninsula.co.in
CIN NO.: L17120MH1871PLC000005
SIGNED FOR IDENTIFICATION BY
S R B C & CO LLP
MUMBAI
PENINSULA LAND
ASHOK
PIRAMAL
GROUP

PENINSULA LAND
CREATING INTERNATIONAL LANDMARKS
By Ashok Piramal Group
Rs. in Lakhs

PENINSULA LAND LIMITED
1401, Tower B, 14th Floor,
Peninsula Business Park,
Garipatrao Kadam Marg,
Lower Panel, Mumbai - 400013.
Phone : +91 22 6622 88
Email : [email protected]
URL : www.peninsul.ac.in
CINNO.: L17 120 MH 18 11P C000 005
S RBC & CO LLP
MUMBAI
SINGAPORE
ASHOK
PIRAMAL
GROUP

PENINSULA LAND
CREATING INTERNATIONAL LANDMARKS
By Ashok Piramal Group

(Rs.in Lakhs)

Note:
1 Break up of cash and cash equivalents

• Denotes less than Rs 50 000

PENINSULA LAND LIMITED
1401, Tower B, 14th Floor,
Peninsula Business Park,
Ganpatrao Kadam Marg,
Lower Parel, Mumbai - 400013.

Phone : +91 22 6622 9300
Email : [email protected]
URL : www.peninsula.co.in
CIN NO.: L17120MH1871PLC000005

SIGNED FOR IDENTIFICATION BY
SRBC & CO LLP
MUMBAI

ASHOK
PIRAMAL
GROUP

PENINSULA LAND
CREATING INTERNATIONAL LANDMARKS
By Ashok Piramal Group

Statement of Audited Standalone financial results for the quarter and year ended 31st March 2026

Notes:

1. The financial results for the quarter and year ended 31st March, 2026 have been reviewed by the Audit Committee of the Board and subsequently approved by the Board of Directors at its meeting held on 29th May, 2026 in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further, the same have been audited by the statutory auditors of the company.

2. These results have been prepared in accordance with the Accounting standard (Referred to as Ind-AS) presented under section 133 of the Companies Act, 2013 read with Companies (Indian accounting standard) rules as amended from time to time.

3 Exceptional items :

Rs in Lakhs

1. The National Company Law Tribunal (NCLT) had passed an order on 14th July 2025 for initiation of Corporate Insolvency Resolution Process (CIRP) in respect of M/s. Hem Infrastructure and Property Developers Private Limited (HIPDPL) which is a Joint Venture entity wherein the Company holds investments through its wholly owned subsidiary Peninsula Holdings and Investments Pvt Ltd (PHIPL). This order was passed pursuant to a Petition filed by JM Financial Credit Solutions Ltd (JMFCSL) against HIPDPL by invoking corporate guarantee given by HIPDPL in respect of loans of Rs. 26,626 lakhs granted to M/s. Hem-Bhattad AOP (HBAOP) plus accrued interest thereon. JMFCSL has also secured orders under SARFAESI Act, 2002 and on 7th October 2025 taken over physical possession of the property belonging to HBAOP which formed part of the security against the loan and also initiated procedures for sale/disposal thereof. PHIPL, as the stakeholder, had filed an appeal before the National Company Law Appellate Tribunal (NCLAT) to quash the NCLT order which was dismissed vide order dated 29th October 2025. PHIPL has preferred an appeal with the Hon'ble Supreme Court on 27th December 2025 against the NCLAT Order. Meanwhile, the Company and HBAOP are also in discussion with JMFCSL for arriving at structured negotiated settlement of the dues. However, no binding agreement is executed as of date pursuant thereto.

As at 31st March 2026, the carrying value of the Company's aggregate exposure in HIPDPL comprise of equity investments and loans. In view of the admission of CIRP against HIPDPL, continuing pendency of appellate proceedings, and uncertainties surrounding the quantum and timing of any potential recoveries, there exists significant uncertainty regarding the recoverability of the Company's exposure. Considering these circumstances, the Company has fully provided for the entire carrying value of financial exposure of Rs.10,200 lakhs in its standalone results for the year ended 31st March 2026 (Quarter ended 31st March 2026: Rs. 9,615 lakhs) under the head exceptional items. The Company will continue to monitor the status of the CIRP proceedings, appellate developments and the settlement discussions. The above will be reassessed in future periods based on material developments, if any, relating to the same.

1. During the year, the Company has converted fully paid-up 77,27,000 0% Unsecured Compulsorily Convertible Debentures of face value of Rs. 2 each in equivalent number of equity shares on 16th April, 2025 at a conversion price of Rs. 44 per share.

2. During the year, pursuant to the exercise of option by the investors, the Company redeemed and repaid 2,65,48,672 fully paid-up, unlisted, unsecured optionally convertible debentures (OCDs) of Rs. 56.50 each aggregating to Rs.15,000 lakhs, in accordance with the terms of the preferential issue thereof and the relevant OCD agreement. This redemption was partly funded to the extent of Rs.11,250 lakhs by redemption of the Company's investment in 56,24,99,988 unsecured non-convertible debentures (NCDs) of Rs. 2 each, in accordance with the terms of the relevant NCD/OCD agreement and the balance was funded out of the Company's own liquid funds.

3. The Government of India notified the Code on 'Wages, 2019; the Code on Social Security, 2020; the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively, the "Labour Codes") on 21st November 2025. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in Labour Codes. The Company has evaluated the impact of increased employee benefit obligations arising from the implementation of the Labour Codes based on its best judgement. Accordingly, the Company has recognized an additional charge of Rs. 166 lakhs under the head employee benefit expenses in the financial results for the year ended 31st March 2026.

4. Figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures in respect of the full year and the unaudited figures of nine months ended December 31, 2025 and December 31, 2024 respectively.

5. The Company is primarily engaged in the business of real estate development which is the only reportable segment as per "IND AS 108 - Operating Segments".

For and on behalf of the Board of Directors

PENINSULA LAND LIMITED
M 01 Tower B 14th Floor,
P6 Pinhola DLD Pknd P9A,
Ganpatrao Kadam Marg,
Lower Parel, Mumbai - 400013.
Phone : +9122 6622 9300
Email : [email protected]
URL : www.peninsula.co.in
CIN NO : L17120MH1871PLC000005
Ashok Piramal Group

SRBC&CO LLP
Chartered Accountants
12th Floor, The Ruby
29 Senapati Bapat Marg
Dadar (West)
Mumbai - 400 028, India
Tel : +91 22 6819 8000

Independent Auditor's Report on the Quarterly and Year to Date Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To
The Board of Directors of
Peninsula Land Limited

Report on the audit of the Consolidated Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date consolidated financial results of Peninsula Land Limited (“Holding Company”) and its subsidiaries (the Holding Company and its subsidiaries together referred to as “the Group”), its associate and joint ventures for the quarter ended March 31, 2026 and for the year ended March 31, 2026 (“Statement”), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the reports of the other auditors on separate audited financial statements of the subsidiaries, associate, joint ventures, the Statement:

i. includes the results of the entities as mentioned in Annexure 1;
ii. are presented in accordance with the requirements of the Listing Regulations in this regard;
iii. gives a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of the consolidated net loss and other comprehensive loss and other financial information of the Group for the quarter ended March 31, 2026 and for the year ended March 31, 2026.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs), as specified under Section 143(10) of the Companies Act, 2013, as amended (“the Act”). Our responsibilities under those Standards are further described in the “Auditor’s Responsibilities for the Audit of the Consolidated Financial Results” section of our report. We are independent of the Group, its associate and joint ventures in accordance with the ‘Code of Ethics’ issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in “Other Matter” paragraph below, is sufficient and appropriate to provide a basis for our opinion.

Management’s Responsibilities for the Consolidated Financial Results

The Statement has been prepared on the basis of the consolidated annual financial statements. The Holding Company’s Board of Directors are responsible for the preparation and presentation of the Statement that give a true and fair view of the net loss and other comprehensive loss and other financial information of the Group including its associate and joint ventures in accordance with the applicable accounting standards prescribed under section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group and

SRBC&CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318
Regd. Office :22, Camac Street, Block 18, 3rd Floor, Kolkata-700 016

SRBC&COLLP
Chartered Accountants
Peninsula Land Limited
Page 2 of 5

of its associate and joint ventures are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of their respective companies

and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.

In preparing the Statement, the respective Board of Directors of the companies included in the Group and of its associate and joint ventures are responsible for assessing the ability of their respective companies to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group and of its associate and joint ventures are also responsible for overseeing the financial reporting process of their respective companies.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.

• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associate and joint ventures to continue as a going concern. If we conclude that a material

MUMBAI
S.R.B.C.&COLL.P

SRBC & COLLP
Chartered Accountants
Peninsula Land Limited
Page 3 of 5

uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report.

However, future events or conditions may cause the Group and its associate and joint ventures to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the financial results of the entities within the Group and its associate and joint ventures of which we are the independent auditors and whose financial information we have audited, to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of the financial information of such entities included in the Statement of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the Master Circular issued by the Securities Exchange Board of India under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

Other Matter

The accompanying Statement includes the audited financial statements and other financial information, in respect of:

• 23 subsidiaries, whose financial statements include total assets of Rs 16,156 lakhs as at March 31, 2026, total revenues of Rs 62 lakhs and Rs 196 lakhs, total net loss after tax of Rs. 9,759 lakhs and Rs.10,509 lakhs, total comprehensive loss of Rs.9,759 lakhs and Rs.10,509 lakhs, for the quarter and the year ended on that date respectively, and net cash outflows of Rs. 31 lakhs for the year ended March 31, 2026, as considered in the Statement which have been audited by their respective independent auditors.
• 9 joint ventures, whose financial statements include Group's share of net loss of Rs. 624 lakhs and Rs. 630 lakhs and Group's share of total comprehensive loss of Rs. 624 lakhs and Rs. 630 lakhs for the quarter and for the year ended March 31, 2026 respectively, as considered in the Statement whose financial statements, other financial information have been audited by their respective independent auditors.

The independent auditor's report on the financial statements of these entities have been furnished to us by the Management and our opinion on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and joint ventures is based solely on the reports of such auditors and the procedures performed by us as stated in paragraph above.

MUMBAH
S.R.B.C.& COLLP

SRBC & COLLP
Chartered Accountants

Peninsula Land Limited
Page 4 of 5

The accompanying Statement includes unaudited financial statements and other unaudited financial information in respect of:

• 1 joint venture, whose financial statements includes the Group’s share of net profit of Rs. Nil and Rs. Nil and Group’s share of total comprehensive income of Rs. Nil and Rs. Nil for the quarter and for the year ended March 31, 2026 respectively, as considered in the Statement whose financial statements and other financial information have not been audited by their auditor.

The unaudited financial statements and other unaudited financial information of this joint venture have not been reviewed by their auditors and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of this joint venture, is based solely on such unaudited financial statements and other unaudited financial information. According to the information and explanations given to us by the Management, these financial statements are not material to the Group.

Our opinion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the financial statements certified by the Management.

The Group has 1 associate whose financial statements, other financial information have not been audited and whose financial statements, other financial information have not been furnished to us by Management. The Group’s investment in and other receivable from the aforesaid associate have been fully provided for in the consolidated financial statements in earlier years. Our opinion on the Statement is not modified in respect of the above matter.

The Statement includes the results for the quarter ended March 31, 2026 being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the end of the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For SRBC & CO LLP
Chartered Accountants
ICAI Firm Registration Number: 324982E/E300003

per Pramod Kumar Bapna
Partner
Membership No.: 105497
UDIN: 26105497ZEKIMK4526

Place: Mumbai
Date: May 29, 2026

SRBC & COLLP

Chartered Accountants

Peninsula Land Limited
Page 5 of 5

Annexure 1 to the Report

Holding Company:

1. Peninsula Land Limited

Subsidiaries:

1. Peninsula Holdings and Investments Private Limited
2. Peninsula Mega Properties Private Limited
3. Peninsula Crossroads Private Limited
4. Pavurotti Real Estate Development Private Limited
5. Peninsula Mega Township Developers Private Limited
6. Midland Township Private Limited
7. RockfirstReal Estate Limited

Step Down Subsidiaries:

1. Truewin Realty Limited
2. Goodhome Realty Limited
3. R R Mega City Builders Limited
4. Inox Mercantile Company Private Limited
5. Peninsula Facility Management Services Limited
6. Peninsula Investment Management Company Limited
7. Peninsula Pharma Research Centre Private Limited
8. Peninsula Trustee Limited
9. Planetview Mercantile Company Private Limited
10. Takenow Property Developers Private Limited
11. Peninsula Integrated Land Developers Private Limited
12. Peninsula Mega City Development Private Limited
13. Sketch Real Estate Private Limited
14. Eastgate Real Estate Developers LLP
15. Westgate Real Estate Developers LLP
16. Topvalue Real Estate Development Private Limited

Joint Venture:

1. Bridgeview Real Estate Development LLP
2. Hem Infrastructure and Development Private Limited^
3. Penbrook Capital Advisors Private Limited
4. Peninsula Brookfield Trustee Private Limited
5. Hem-Bhattad (AOP)^
6. Harborpeak Real Estate Private Limited
7. Terranest Agri-Infratech LLP
8. Prairie Real Estate LLP
9. Zenith Vista Real Estate LLP

Not consolidated w.e.f. July 14, 2025 upon commencement of Corporate Insolvency Resolution Process

PENINSULA LAND
CREATING INTERNATIONAL LANDMARKS
By Ashok Piramal Group

PENINSULA LAND LIMITED
1401, Tower B, 14th Floor,
Peninsula Business Park,
Garpatrao Kadam Marg,
Lower Parel, Mumbai - 400013.
Phone : +91 22 8622 9109
Email : [email protected]
URL : www.peninsula.co.in
CIN NO.: L17120MH187PLC08000
SIGNED FOR IDENTIFICATION
BY
B C & CO LLP
MUMBAI
P RAMAL GROUP

PENINSULA LAND
CREATING INTERNATIONAL LANDMARKS
By Ashok Piramal Group

Rs. In Lakhs

ASHOK PIRAMAL GROUP

PENINSULA LAND
CREATING INTERNATIONAL LANDMARKS
By Ashok Piramal Group

(Rs.in Lakhs)

Consolidated Statement of cash flows for the year ended March 31, 2026

Note:
1 Break up of cash and cash equivalents

PENINSULA LAND LIMITED
1401, Tower B, 14th Floor,
Peninsula Business Park,
Ganpatrao Kadam Marg,
Lower Parel, Mumbai - 400013.

Phone : +91 22 6622 9300
Email : [email protected]
URL : www.peninsula.co.in
CIN NO.: L17120MH1871PLC000005 MUMBAI

S R B C & CO LLP
ASHOK
PIRAMAL
GROUP

PENINSULA LAND
CREATING INTERNATIONAL LANDMARKS
By Ashok Piramal Group

Statement of Audited Consolidated financial results for the quarter and year ended 31st March 2026

Notes:

1. The financial results for the quarter and year ended 31st March, 2026 have been reviewed by the Audit Committee of the Board and subsequently approved by the Board of Directors at its meeting held on 29th May, 2026 in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further, the same have been audited by the statutory auditors of the company.

2. These results have been prepared in accordance with the Accounting standard (Referred to as Ind-AS) presented under section 133 of the Companies Act, 2013 read with Companies (Indian accounting standard) rules as amended from time to time.

3 Exceptional items :

Rs in Lakhs

1. The National Company Law Tribunal (NCLT) had passed an order on 14th July 2025 for initiation of Corporate Insolvency Resolution Process (CIRP) in respect of M/s. Hem Infrastructure and Property Developers Private Limited (HIPDPL) which is a Joint Venture entity wherein the Group holds investments through the wholly owned subsidiary of the parent company, Peninsula Holdings and Investments Pvt Ltd (PHIPL). This order was passed pursuant to a Petition filed by JM Financial Credit Solutions Ltd (JMFCSL) against HIPDPL by invoking corporate guarantee given by HIPDPL in respect of loans of Rs. 26,626 lakhs granted to M/s. Hem-Bhattad AOP (HBAOP) plus accrued interest thereon. JMFCSL has also secured orders under SARFAESI Act, 2002 and on 7th October 2025 taken over physical possession of the property belonging to HBAOP which formed part of the security against the loan and also initiated procedures for sale/disposal thereof. PHIPL, as the stakeholder, had filed an appeal before the National Company Law Appellate Tribunal (NCLAT) to quash the NCLT order which was dismissed vide order dated 29th October 2025. PHIPL has preferred an appeal with the Hon'ble Supreme Court on 27th December 2025 against the NCLAT Order. Meanwhile, the Group and HBAOP are also in discussion with JMFCSL for arriving at structured negotiated settlement of the dues. However, no binding agreement is executed as of date pursuant thereto.

As at 31st March 2026, the carrying value of the Group's aggregate exposure in HIPDPL comprise of equity investments. In view of the admission of CIRP against HIPDPL, continuing pendency of appellate proceedings, and uncertainties surrounding the quantum and timing of any potential recoveries, there exists significant uncertainty regarding the recoverability of the Company's exposure. Considering these circumstances, the Group has fully provided for the entire carrying value of financial exposure of Rs. 9,769 lakhs in its consolidated financial results for the year ended 31st March 2026 (Quarter ended 31st March 2026: Rs. 9,184 lakhs) under the head exceptional items. The Group will continue to monitor the status of the CIRP proceedings, appellate developments and the settlement discussions. The above will be reassessed in future periods based on material developments, if any, relating to the same.

1. During the year, the Holding Company has converted fully paid-up 77,27,000 0% Unsecured Compulsorily Convertible Debentures of face value of Rs. 2 each in equivalent number of equity shares on 16th April, 2025 at a conversion price of Rs. 44 per share.

2. During the year, pursuant to the exercise of option by the investors, the Holding Company of the group redeemed and repaid 2,65,48,672 fully paid-up, unlisted, unsecured optionally convertible debentures (OCDs) of Rs. 56.60 each aggregating to Rs. 15,000 lakhs, in accordance with the terms of the preferential issue thereof and the relevant OCD agreement. This redemption was partly funded to the extent of Rs. 11,250 lakhs by redemption of the Holding Company's investment in 56,24,59,988 unsecured non-convertible debentures (NCDs) of Rs. 2 each, in accordance with the terms of the relevant NCD/OCD agreement and the balance was funded out of the Holding Company's own liquid funds.

3. The Government of India notified the Code on "Wages, 2019; the Code on Social Security, 2020; the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively, the "Labour Codes") on 21st November 2025. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in Labour Codes. The Group has evaluated the impact of increased employee benefit obligations arising from the implementation of the Labour Codes based on its best judgement. Accordingly, the Group has recognized an additional charge of Rs. 166 lakhs under the head employee benefit expenses in the financial results for the year ended 31st March 2026.

4. Figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures in respect of the full year and the unaudited figures of nine months ended December 31, 2025 and December 31, 2024 respectively.

5. The Group is primarily engaged in the business of real estate development which is the only reportable segment as per "IND AS '08 - Operating Segments".

For and on behalf of the Board of Directors

Rajeev A. Piramal
Executive Vice Chairman & Managing Director

Mumbai : 29th May, 2026

PENINSULA LAND LIMITED
1401, Tower B, 14th Floor,
Peninsula Business Park,
Ganpatrao Kadam Marg,
Lower Parel, Mumbai- 400013.

Phone : +91 22 6622 9300
Email : [email protected]
URL : www.peninsula.co.in
CIN NO.: L17120MH1871PLC000005