Q3 FY 2025-26- Results

Date: February 05, 2026

To,

Scrip Code/Scrip Symbol: 503031/ PENINLAND

Subject: Outcome of 04/2025-26 Board Meeting held on Thursday, February 05, 2026.

Reference: Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements} Regulations, 2015 ("LODR Regulations"}.

This is to inform you that the Board of Directors, at its meeting held today i.e. February 05, 2026 inter alia have considered and approved the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and nine months ended December 31, 2025 (Q3/FY 2026) along with the Limited Review Report(s) thereon.

In this regard, please find enclosed the following:

1. Unaudited Financial Results (Standalone & Consolidated) for the quarter and nine months ended 31st December, 2025;

2. Limited Review Reports by the Statutory Auditor.

The meeting of the Board of Directors commenced at 2:15 P.M. and concluded at 04:24 P.M.

Kindly take above information on record and the same is also disseminated on the website of the Company i.e. https://www.peninsula.co.in.

Yours Sincerely,

For Peninsula Land Limited

POOJA BABUL

Digitally signed by POOJA BABUL SUTRADHAR

SUTRADHAR

Date: 2026.02.05 17:30:56

+05'30'

Pooja Sutradhar

Company Secretary and Compliance Officer Membership Number A40807

Enclosed 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 : info@peninsula.co.in URL : https://www.peninsula .co.in

CIN : L17120MH1871PLC000005

S R BC&COLLP

Chartered Accountants

12th Floor, The Ruby

29 Senapati Bapat Marg Dadar (West)

Mumbai - 400 028, India

Tel: +91 22 6819 8000

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

Review Report to

The Board of Directors Peninsula Land Limited

I . We have reviewed the accompanying statement of unaudited standalone financial results of Peninsula Land Limited (the "Company") for the quarter ended December 31 , 2025, and year to date from April 1 , 2025 to December 3 1 , 2025 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , as amended (the "Listing Regulations").

2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, 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 Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.

3 . We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 , "Review of Interim Financial Information Performed by the Independent Auditor of the Entity"issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit

OpIIOI.

1. Basis for Qualified Conclusion:

   We draw attention to Note 4 to the standalone finanuial results regarding the carrying value of investment and loans of Rs. 9,615 Lakhs in Peninsula Holdings and Investments Private Limited (PHIPL), wholly owned subsidiary, which has invested in a joint venture entity, Hem Infrastructure and Development Private Limited (HIPDPL) against which corporate insolvency resolution process (CIRP) has been initiated by the National Company I ,aw Trihunal (NC:T .T). For the reasons stated by the management in the aforesaid note, the recoverable value of the investments and loans in PHIPL cannot be determined due to ongoing NCLT proceedings and other measures being taken for settlement of liabilities of HIPDPL. Accordingly, pending outcome ofNCLT proceedings, we are unable to assess the possible consequential adjustments, if any, to the carrying value of the said investment and loans and the resultant impact on the standalone financial results. Our report for the quarter and half year ended September 30, 2025 was also qualified in respect of this matter.

   SR8C&COLLP , aLimited Liability Partnership with LLP Identity No. AAD 43J10 Regd. Office : 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016

   
   
   

   S R B C & C O LLP

   Chartered Accountants

   Peninsula Land Limited

   Page 2 of2

2. Qualified Conclusion:

Based on our review conducted as above, except for the possible effects of the matter stated in paragraph 4 above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (Ind AS') specified under Section 133 of the Companies Act, 2013 , as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in [ndia, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For S RB C & CO LLP

Chartered Accountants

[CAI Firm registration number: 324982E/E300003

per Pramod Kumar Bapna Partner

Membership No.: 105497

UDIN: 26 564+EX0F 44212

Place: Mumbai

Date: February 5, 2026

B y A s h o k P i r a m a l G r o u p

Statement of Unaudited Standalone financial results for the quarter and nine months ended 31st December 2025

(Rs. in Lakhs, except per share data)

Quarter ended Nine months ended Year ended

SIGNED FOR IDENTIFICATION

BY

PENINSULA LAND LIMITED

1401, Tower B, 14th Floor, Peninsula Business Park, Ganpalrao Kadar Marg,

Lower Parel, Mumbai - 400013.

Phone : +91 22 6622 9300

Email : info@peninsula.co.inURL : www.penlnsula.co.ln

CIN NO.: L17120MH1871PLC000005

SR BC & C0 LLP

MUMBAI

ASHOK PIRAMAL GROUP

B y A s h o k P i r a m a l G r o u p

Notes:

1. The financial results for the quarter and nine months ended 31st December, 2025 have been reviewed by the Audit Committee of the Board and

   subsequently approved by the Board of Directors at its meeting held on 5th February, 2026 in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further, the same have been subjected to review by the statutory auditors of the Company.

2. These unaudited financial results of the Company have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing

   Regulations.

3. Exceptional Items : Exceptional items comprise

   Pursuant to Court order retund ot Property tax paid in earlier years

   Dec-25QuaSrteepr-E25ndedDec-24

   DNeince-2m5 onths DEoncd-e2d4

   RYseianrLeankdhesd Mar-25

   1,082

   T(lmotpaalirment)/Reversals of loans to subsidiaries, joint ventures and associates

   ((11,,113377)) ((8877))

   ((11,,778800)) 339922

   (1,(763542))

4. 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 Mis. 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 Mis. 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. 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. During the current quarter, 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.

   The carrying value of the Company's aggregate financial exposure in HIPDPL is Rs. 9,615 lakhs comprising investments and loans as of 31st December 2025. The Company has not been able to assess the extent of recoverability of the investment and loans considering the ongoing NCLT proceedings and measures being taken for settlement of liabilities of HIPDPL. The Company, in consultation with legal advisors, is actively evaluating and pursuing all possible legal and commercial remedies, including the negotiations, to safeguard its investments and loans. Pending the outcome of these actions, the extent of recoverability of the aforesaid financial exposure cannot be assessed at this stage and therefore no adjustments have been made to the carrying amounts of investments and loans in the standalone financial results for the quarter and nine months ended 31st December 2025. The Company will continue to monitor the status of this matter in subsequent periods.

   44

5. During the period, 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. per share.

6. During the period, 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.

7. 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 quarter and nine months ended 31st December 2025. The Company continues to monitor the finalisation of Central/ State Rules and clarifications from the Government on other aspects of the Labour Codes and would provide appropriate accounting effect as and when such clarifications are issued/ rules are notified.

8. The Company is primarily engaged only in the business of real estate development. As the Company operates in a single business and geography, the disclosure of such segment-wise information as defined in "IND AS 108 - Operating Segments" is not required and accordingly not provided.

Mumbai :5th February, 2026

�;j;().

( r,]

O/

o

*

I

l ,A· _A'

& i g e

ERxaejecoutviAve. PVlircaemCalha�irman Manag n Dir ctor

PENINSULA LAND LIMITED

1401, Tower B, 14Ih Floor, Peninsula Business Park, Ganpatrao Kadam Marg,

Lower Parel, Mumbai - 400013.

Phone : +91 22 6622 9300

Email : info@peninsula.co.inURL : www.peninsula.co.in

CIN NO.: L17120MH1871 PLC000005

SIGNED FOR IDENTIFICATION

BY

SR BC & CO LLP

MUMBAI

ASHOK PIRAMAL GROUP

SRBC&COLLP

Chartered Accountants

12th Floor, The Ruby

29 Senapati Bapat Marg Dadar (West)

Mumbai- 400 028, India

Tel : +91 22 6819 8000

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

Review Report to

The Board of Directors Peninsula Land Limited

I. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Peninsula Land Limited (the "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 December 3 1 , 2025 and year to date from April l , 2025 to December 3 1 , 2025 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , as amended (the "Listing Regulations").

2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the-Companies Act, 2013 as amended, 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 Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.

3 . We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 , "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review. procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, wc do not express an audit opinion.

We also performed procedures in accordance with the Master Circular issued by the Securities and

Fvcanoe Board of India under Regulation 33(8) of the Listing Regulation to the extent applicable.

1. The Statement includes the results of the entities mentioned in Annexure I of this report.

2. Basis for Qualified Conclusion:

   We draw attention to Note 4 to the consolidated financial results regarding the carrying value of investment of Rs. 9 , 1 84 Lakhs in a Joint venture entity, Hem Infrastructure and Development Private Limited (HIPDPL) against which corporate insolvency resolution process (CIRP) has been initiated by the National Company Law Tribunal (NCLT). For the reasons stated by the management in the aforesaid note, the recoverable value of the investments in HIPDPL cannot be determined due to ongoing NCLT proceedings and other measures being taken for settlement of liabilities of HIPDPL. Accordingly, pending outcome of NCLT proceedings, we are unable to assess the possible consequential adjustments, if any, to the carrying value of the said investment and the resultant impact on the consolidated financial results. Our report for the quarter and half year ended September 30, 2025 was also qualified in respect of this matter.

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

   
   
   

   S R B C & C O LLP

   Chartered Accountants

   Peninsula Land Limited

   Page 2 of 4

3. Qualified Conclusion:

   Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 7, except for the possible effects of the matter stated in para 5 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards specified under Section I 33 of the Companies Act, 2013 , as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

4. The accompanying Statement includes the unaudited interim financial results and other financial information, in respect of:

   • 5 subsidiaries, whose unaudited interim financial results include total revenues of Rs. 3 8 lakhs and Rs. 134 lakhs, total net loss after tax of Rs. 70 lakhs and Rs. 706 lakhs and total comprehensive loss of Rs. 70 lakhs and Rs. 706 lakhs, for the quarter ended December 31 , 2025 and the period ended on that date respectively, as considered in the Statement which have been reviewed by their respective independent auditors.

   • 4 joint ventures, whose unaudited interim financial results include Group's share of net loss of Rs. 7 lakhs and Rs. 6 lakhs and Group's share of total comprehensive loss of Rs. 7 lakhs and Rs. 6 lakhs for the quarter ended December 31 , 2025 and for the period April 1 , 2025 to December 3 1 , 2025 respectively as considered in the Statement whose interim financial results, other financial infonnation have been reviewed by their respective independent auditors.

     The independent auditor's reports on interim financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries and joint ventures is based solely on the report of such auditors and procedures perfonned by us as stated in paragraph 3 above.

5. The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of:

   • 18 subsidiaries, whose interim financial results and other financial information reflect total revenues of Rs. Nil and Rs. Nil, total net loss after tax of Rs. 25 lakhs and Rs. 44 lakhs, total comprehensive loss of Rs. 25 lakhs and Rs. 44 lakhs, for the quarter ended December 31 , 2025 and the period ended on that date respectively.

   • 4joint ventures, whose interim financial results 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 ended December 31, 2025 and for the period ended on that date respectively.

     The unaudited interim financial results and other unaudited financial information of these subsidiaries and joint ventures 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 these subsidiaries and joint ventures, is based solely on such unaudited interim financial results and other unaudited financial information. According to the information and explanations given to us by the

     @ Gk Cr Management, these interim financial results are not material to the Group.

     ½

     #

     Al o

     
     
     

     S R B C & C O LLP

     Chartered Accountants

     Peninsula Land Limited

     Page 3 of 4

6. The Group has 1 associate, whose financial results, other financial information have not been reviewed and whose financial results, other financial information have not been furnished to us by the management. The Group's investment and other receivable from the aforesaid associate have been fully provided for in the consolidated financial statements in earlier years. Our conclusion on the consolidated financial results is not modified in respect of this matter.

Our conclusion on the Statement in respect of matters stated in paragraph 7 and 8 above is not modified with respect to our reliance on the work done and the reports of the other auditors and the unaudited financial results and other financial information certified by the Management.

For S R B C & CO LLP

Chartered Accountants

ICAI Firm registration number: 324982E/E300003

� -

per Pramod Kumar Bapna Partner

Membership No.: 105497

UDIN :2667DTA@NT

Place: Mumbai

Date: February 5, 2026

S R B C & C O LLP

Chartered Accountants

Peninsula Land Limited

Page 4 of 4

Annexure 1 to the Report Holding Company:

I. Peninsula Land Limited

Subsidiaries:

I. Peninsula Holdings and Investments Private Limited

1. Peninsula Mega Properties Private Limited

2. Peninsula Crossroads Private Limited

3. Pavurotti Real Estate Development Private Limited

4. Peninsula Mega Township Developers Private Limited

5. Midland Township Private Limited

6. Rockfirst Real 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 I 0. Takenow Property Developers Private Limited

11 . Peninsula Integrated Land Developers Private Limited

1 2. Peninsula Mega City Development Private Limited

1. Sketch Real Estate Private Limited

2. Eastgate Real Estate Developers LLP

3. Westgate Real Estate Developers LLP

16 . Topvalue Real Estate Development Private Limited

Joint Venture:

1. Bridgeview Real Estate LJevelopment LLP

2. Hem Infrastructure and Development Private Limited

3. Penbrook Capital Advisors Private Limited

4. Peninsula Brookfield Trustee Private Limited

5 . Hem-Bhattad (AOP)

1. Harborpeak Real Estate Private Limited

2. Terranest Agri-Infratech LLP

3. Prairie Real Estate LLP

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

B y A s h o k P i r a m a l G r o u p

Statement of Unaudited Consolidated financial results for the quarter and nine months ended 31st December 2025

(Rs. in Lakhs, except per share data)

Sr No.

Particulars Dec-25

Quarter ended Nine months ended Year ended Sep-25 Dec-24 Dec-25 Dec-24 Mar-25

1. Revenue from Operations

2. Other Income

3. Total Income (1+2)

   Expenses:

   1. Realty cost incurred

   2. Changes in Realty Inventories

   3. Cost of Realty Sales (a+b)

   4. Employees Benefits Expense (refer note 7)

   5. Finance Cost

   6. Depreciation and amortisation

   7. Other Expenses

4. 'Total Expenses (c+d+e+f+g)

5. Profit/ (Loss) before Exceptional Items and Tax and share of net profit of Associates and Joint Ventures accounted for using the Equity Method (3 - 4)

6. Share of net profit of Associates and Joint Ventures accounted for using the Equity Method

   Share of Profit/ ( Loss) of Associates and Joint Ventures

7. Profit/ (Loss) before Exceptional Items and Tax

8. Exceptional Items (net) (Refer note no.3)

9. Profit/ (Loss) before Tax for the year/ period (7+8) Tax Expense :

   Current Tax

   Adjustment of tax relating to earlier year I period Deferred Tax

10. 'Total Tax Expense

11. Profit/ (Loss) After Tax for the year /period (9-10)

12. Other Comprehensive Income

    1. Items that will not be reclassified to profit or loss

    2. Income tax relating to Items that will not be reclassified to profit or loss

    3. Items that will be reclassified to profit or loss

    4. Income tax relating to Items that will be reclassified to profit or loss

13. Total Other Comprehensive Income for the year/period

    Total Comprehensive Income for the year/ period (11+12) Profits/ (Losses) attributable to :

    1. Owners of the Company

    2. Non-Controlling Interest

14. Other Comprehensive Income attributable to:

    1. Owners of the Company

    2. Non-Controlling interest

15. Total Comprehensive Income attributable to:

    1. Owners of the Company

    2. Non-Controlling interest

16. Earnings per Equity Share (EPS) (Face value of Rs.2 each) Not annualised except year end

    Basic Diluted

17. Paid up Equity Share Capital (Face value per share of Rs.2 each)

18. Other Equity ~.

H A I . N

Unaudited Unaudited Unaudited Unaudited Unaudited Audited

13,067

�B,-c

IS 1,�

PENINSULA LAND LIMITED

1401, Tower B, 14th Floor, Peninsula Business Park, Ganpatrao Kadam Marg,

Lower Parel, Mumbai - 400013.

[ ( g)]

08 93

Ph one' )) C::,

Email [g@pins; +So.in URL : wwWe Sla.co.in

CIN NO.: L17120MH1871PLC000005

SIGNED FOR IDENTIFICATION

SR BC & CO LLP

MUMBAI

ASHOK PIRAMAL GROUP

B y A s h o k P i r a m a l G r o u p

Statement of Unaudited Consolidated financial results for the quarter and nine months ended 31st December 2025

Notes:

1. The financial results for the quarter and nine months ended 31st December, 2025 have been reviewed by the Audit Committee of the Board and subsequently approved by the Board of Directors at its meeting held on 5th February, 2026 in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further, the same have been subjected to review by the statutory auditors of the Company.

2. These unaudited financial results of the Group have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations.

3. Exceptional Items :

   Exceptional Items comprise

   Quarter Ended

   Dec-25 Sep-25 Dec-24

   Nine months Ended

   Dec-25 Dec-24

   Rs in Lakhs Year ended

   Mar-25

   Pursuant to Court order refund of Property tax paid in earlier years			1,082
   (lmpairmenl)/Reversals of loans and investments in equity of Associates & Joint ventures	(1,135)	(1,720)	(2,222)
   Total	(1,135)	(1,720)	(1,140)

4. The National Company Law Tribunal (NCL T) 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 of the Group. This order was 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. The Group 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. During the current quarter, the Group has preferred an appeal with the Hon'ble Supreme Court on 27th December 2025 against NCLAT Order. Meanwhile, the Holding Company and HBAOP are also in discussion with JMFCSL for arriving at structured negotiated settlement of the dues.

   The carrying value of the Group's aggregate financial exposure in HIPDPL is Rs. 9,184 lakhs comprising investments as of 31st December 2025. The Group has not been able to assess the extent of recoverability of the investment considering the ongoing NCLT proceedings and measures being taken for settlement of liabilities of HIPDPL. The Group, in consultation with legal advisors, is actively evaluating and pursuing all possible legal and commercial remedies, including the negotiations, to safeguard its investments. Pending the outcome of these actions, the extent of recoverability of the aforesaid financial exposure cannot be assessed at this stage and therefore no adjustments have been made to the carrying amounts of investments in the consolidated financial results tor the quarter and nine months ended 31st December 2025. The Group will continue to monltor the status of this matter in subsequent periods.

5. During the period, 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.

6. During the period, 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. 56.50 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 Holding 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 Holding Company's own liquid funds.

7. 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 quarter and nine months ended 31st December 2025. The Group continues to monitor the finalisation of Central/ State Rules and clarifications from the Government on other aspects of the Labour Codes and would provide appropriate accounting effect as and when such clarifications are issued/ rules are notified.

8. The Group is primarily engaged only in the business of real estate development. As the Group operates in a single business and geography, the disclosure of such segment-wise information as defined in "IND AS 108 - Operating Segments" is not required and accordingly not provided.

For and on behalf of the Board of Directors

L -/

Mumbai : 5th February, 2026

Rajeev A. Piramal

Executive Vice Chairman & Managing Director

PENINSULA LAND LIMITED

1401, Tower B, 14th Floor, Peninsula Business Park, Ganpatrao Kadam Marg,

Lower Pare!, Mumbai - 400013.

Phone : +91 22 6622 9300

Email : info@peninsula.co.inURL www.peninsula.co.in

CIN NO.: L17120MH1871PLC000005

SIGNED FOR IDENTIFICATION

' 2

SR BC & CO LLP

MUMBAI

ASHOK PIRAMAL GROUP

00 01