Peninsula Land logo

Peninsula Land MD, chairman, board of directors and AGM

NSE: PENINLANDBSE: 503031RealtySmall Cap

Formerly Morarjee Realties
Last close ₹12.70down ₹0.80 (5.93%)BSE ₹12.75

Share price at the NSE close on 23 Oct 2026. Previous close ₹13.50.

52-week range of traded prices to 23 Oct 2026
₹12.60Low, 23 Oct 2026₹35.84High, 28 Oct 2025
Market cap
₹421 Cr1,758th largest listed
P/E
Lossover the last 12 months
P/B
5.9
Dividend yield
Nonein the last 12 months
ROE
−103.9%
ROE without one-offs
−17.5%
ROCE
−1.7%
Debt to equity
4.49
Volume, NSE
2,07,32666.8% delivered

Peninsula Land board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonURVI ASHOK PIRAMALRelated to the promoter
  • Managing directorRAJEEV ASHOK PIRAMAL
  • Managing directorNANDAN ASHOK PIRAMAL
  • Company Secretary and Compliance OfficerPooja Sutradhar

9 directors5 independent2 executive2 non-executive

  • URVI ASHOK PIRAMAL · ChairpersonNon-executive · joined Sep 1984 · reappointed Dec 2024 · 1 listed board
  • RAJEEV ASHOK PIRAMAL · Managing directorExecutive · joined Jul 2004 · reappointed Oct 2025 · 1 listed board · 3 committee seats
  • NANDAN ASHOK PIRAMAL · Managing directorExecutive · joined Oct 2015 · reappointed May 2026 · 1 listed board · 1 committee seat
  • MAHESH SHRIKRISHNA GUPTANon-executive · joined Oct 2015 · reappointed Jul 2019 · 2 listed boards · 1 as independent · 2 committee seats, 2 as chair
  • PANKAJ KANODIAIndependent · joined May 2019 · reappointed May 2024 · 85 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • PAWAN SWAMYIndependent · joined Nov 2021 · reappointed Nov 2021 · 55 months as independent · 1 listed board · 1 as independent
  • MITU SAMARNATH JHAIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • ASHWIN RAMANATHANIndependent · joined Nov 2024 · reappointed Nov 2024 · 19 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • AMYN ASGARALI JASSANIIndependent · joined Aug 2025 · reappointed Aug 2025 · 10 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • HRISHIKESH PARANDEKAR, left 23 Dec 2025: Others
  • KRUPAL KANAKIA, left 15 Sep 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 29 May 20269 of 9 present5 independent · 112 days in between
    • 5 Feb 20269 of 9 present5 independent
  • Audit Committee

    Chair AMYN ASGARALI JASSANI

    RAJEEV ASHOK PIRAMAL, PANKAJ KANODIA

    • 29 May 20263 of 3 present2 independent · 112 days in between
    • 5 Feb 20263 of 3 present2 independent
  • Nomination and remuneration committee

    Chair AMYN ASGARALI JASSANI

    URVI ASHOK PIRAMAL, PANKAJ KANODIA

    • 29 May 20263 of 3 present2 independent
  • Stakeholders Relationship Committee

    Chair MAHESH SHRIKRISHNA GUPTA

    RAJEEV ASHOK PIRAMAL, NANDAN ASHOK PIRAMAL, PANKAJ KANODIA

    • 5 Feb 20264 of 4 present1 independent
  • Corporate Social Responsibility Committee

    Chair URVI ASHOK PIRAMAL

    RAJEEV ASHOK PIRAMAL, MITU SAMARNATH JHA

    • 5 Feb 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/S S R B C & CO. LLPPeer-review certificate valid to Feb 2029

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Peninsula Land AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Peninsula Land dividend history

Annual general meeting, 27 Aug 2026

59,636 shareholders on the register on 20 Aug 2026; present: 13 promoters and 58 others; votes counted by Shivam Sharma / Shivam Sharma & Associates.The company's voting result (opens in a new tab)

  1. TO RECEIVE, CONSIDER AND ADOPT: A) THE AUDITED STANDALONE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026, TOGETHER WITH THE REPORTS OF BOARD OF DIRECTORS AND STATUTORY AUDITORS THEREON AND B) THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026 TOGETHER WITH THE REPORT OF STATUTORY AUDITORS THEREON.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 69.63% · promoters 100.00% · institutions 3.64% · other public 5.98%

  2. TO APPOINT A DIRECTOR IN PLACE OF MR. MAHESH SHRIKRISHNA GUPTA, NON-EXECUTIVE, NON-INDEPENDENT DIRECTOR (DIN: 00046810), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR REAPPOINTMENT
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 68.66% · promoters 100.00% · institutions 3.64% · other public 2.94%

  3. REAPPOINTMENT OF MR. PAWAN SWAMY (DIN: 03511996) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 69.63% · promoters 100.00% · institutions 3.64% · other public 5.98%

  4. TO CONSIDER AND APPROVE THE REDESIGNATION OF MR. NANDAN A. PIRAMAL (DIN: 00045003) FROM WHOLE-TIME DIRECTOR TO MANAGING DIRECTOR DESIGNATED AS JOINT MANAGING DIRECTOR OF THE COMPANY
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 69.63% · promoters 100.00% · institutions 3.64% · other public 5.98%

  5. TO APPROVE MAINTENANCE OF EXISTING REMUNERATION STRUCTURE OF MR. NANDAN A. PIRAMAL (DIN: 00045003) UPON REDESIGNATION FROM WHOLE-TIME DIRECTOR TO MANAGING DIRECTOR DESIGNATED AS JOINT MANAGING DIRECTOR OF THE COMPANYMoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 69.63% · promoters 100.00% · institutions 3.64% · other public 5.98%

  6. TO CONSIDER AND APPROVE MATERIAL RELATED PARTY TRANSACTION WITH MR. JAYDEV MUKUND MODY OR ENTITIES RELATED TO HIM
    OrdinaryPromoters have an interest in it
    94.94% for5.06% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.27%

    Turnout: all 0.27% · promoters 0.00% · institutions 3.64% · other public 0.80%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 5 Sep 2025, 8 resolutions

63,346 shareholders on the register on 29 Aug 2025; present: 13 promoters and 52 others; votes counted by Shivam Sharma / Shivam Sharma & Associates.The company's voting result (opens in a new tab)

  1. a) The Audited Standalone Financial Statements for the financial year ended March 31, 2025, together with the reports of Board of Directors and Statutory Auditors thereon; and b) The Audited Consolidated Financial Statements for the financial year ended March 31, 2025 together with the report of Statutory Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 67.89% · promoters 99.58% · institutions 21.86% · other public 3.44%

  2. To appoint a Director in place of Mr. Rajeev A. Piramal, Executive Vice Chairman & Managing Director (DIN:00044983), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 67.89% · promoters 99.58% · institutions 21.86% · other public 3.44%

  3. Appointment of Mr. Shivam Sharma, M/s. Shivam Sharma & Associates, Practicing Company Secretary as Secretarial Auditor of the Company for a term of 5 (five) years
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 67.89% · promoters 99.58% · institutions 21.86% · other public 3.44%

  4. APPOINTMENT OF MR. AMYN ASGARALI JASSANI (DIN: 02945319) AS THE INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 67.89% · promoters 99.58% · institutions 21.86% · other public 3.44%

  5. RE-APPOINTMENT OF MR. RAJEEV A. PIRAMAL (DIN: 00044983) AS THE EXECUTIVE VICE CHAIRMAN & MANAGING DIRECTOR OF THE COMPANY
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 67.89% · promoters 99.58% · institutions 21.86% · other public 3.44%

  6. PAYMENT OF REMUNERATION TO MR. RAJEEV A. PIRAMAL (DIN: 00044983) AS THE EXECUTIVE VICE CHAIRMAN & MANAGING DIRECTOR OF THE COMPANY
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 67.89% · promoters 99.58% · institutions 21.86% · other public 3.44%

  7. RE-APPOINTMENT OF MR. NANDAN A. PIRAMAL (DIN:00045003) AS THE WHOLE TIME DIRECTOR OF THE COMPANY
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 67.89% · promoters 99.58% · institutions 21.86% · other public 3.44%

  8. PAYMENT OF REMUNERATION TO MR. NANDAN PIRAMAL (DIN:00045003) AS THE WHOLE TIME DIRECTOR OF THE COMPAY
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 67.89% · promoters 99.58% · institutions 21.86% · other public 3.44%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 20 Dec 2024, 3 resolutions

The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MS. MITU SAMARNATH JHA (DIN: 07244627) AS AN INDEPENDENT DIRECTOR
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 64.16% · promoters 92.93% · institutions 23.73% · other public 5.56%

  2. APPOINTMENT OF MR. ASHWIN RAMANATHAN (DIN : 08543918) AS AN INDEPENDENT DIRECTOR
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 64.16% · promoters 92.93% · institutions 23.73% · other public 5.56%

  3. Continuation of appointment of Ms. Urvi Ashok Piramal (DIN: 00044954) as Non-Executive and Non-Independent Director
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 11.17% · other public 0.08%

    Turnout: all 63.20% · promoters 91.51% · institutions 23.73% · other public 5.56%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 11 Sep 2024, 6 resolutions

Present: 12 promoters and 46 others.The company's voting result (opens in a new tab)

  1. a. The Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon;nb. The Audited Consolidated Financial Statements of the Company for the financial year endedMarch 31, 2024, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 69.14% · promoters 100.00% · institutions 22.27% · other public 6.37%

  2. To appoint a Director in place of Mr. Nandan Piramal, Whole-time Director (DIN: 00045003) who retires by rotation and being eligible, has offered himself for re-appointment.
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.06%

    Turnout: all 68.85% · promoters 99.58% · institutions 22.27% · other public 6.37%

  3. Re-appointment of Mr. Pankaj Kanodia (DIN : 02000161) as an Independent Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 69.14% · promoters 100.00% · institutions 22.27% · other public 6.37%

  4. Revision in Managerial Remuneration payable to Mr. Rajeev Piramal (DIN : 00044983) Managing Director.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.54%

    Turnout: all 68.85% · promoters 99.58% · institutions 22.27% · other public 6.37%

  5. Revision in Managerial Remuneration payable to Mr. Nandan Piramal (DIN : 00045003) Wholetime Director.
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.54%

    Turnout: all 68.85% · promoters 99.58% · institutions 22.27% · other public 6.37%

  6. Appointment of Mr. Hrishikesh Parandekar (DIN: 01224244) as Non – Executive Director under the category of Nominee Director.
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.33%

    Turnout: all 69.14% · promoters 100.00% · institutions 21.24% · other public 6.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 3 Jun 2024, 2 resolutions

Present: 13 promoters and 30 others.The company's voting result (opens in a new tab)

  1. ISSUANCE OF UNLISTED UNRATED UNSECURED OPTIONALLYnCONVERTIBLE DEBENTURES ON PREFERENTIAL BASIS BY WAY OF PRIVATEnPLACEMENT TO ARSENIO STRATEGIES PRIVATE LIMITED (“PROPOSEDnINVESTOR”) AND APPROVAL OF SPECIAL RIGHTS TO BE GRANTED TO THEnPROPOSED INVESTORMoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 67.83% · promoters 100.00% · institutions 0.00% · other public 7.50%

  2. APPROVAL FOR STRATEGIC PARTNERSHIP WITH DELTA AND ALPHA FORnREAL ESTATE DEVELOPMENT
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 2.53% · promoters 0.00% · institutions 0.00% · other public 7.50%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 26 Dec 2023, 1 resolution

Present: 13 promoters and 50 others.The company's voting result (opens in a new tab)

  1. Issuance of equity shares and 0% unsecured Compulsorily Convertible debentures (CCDs) on preferential basis by way of Private placement to Delta Corp Limited (DCL)
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 65.50% · promoters 100.00% · institutions 0.00% · other public 5.54%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 8 Sep 2023, 3 resolutions

Present: 11 promoters and 52 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt:na. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon; andnb. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 64.17% · promoters 100.00% · institutions 0.00% · other public 6.70%

  2. To appoint a Director in place of Mr. Mahesh S Gupta, Non-executive, Non-Independent Director (DIN : 0046810), who retires by rotation and offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.44%

    Turnout: all 62.21% · promoters 100.00% · institutions 0.00% · other public 1.58%

  3. Issue of Non-convertible Debentures on Private Placement basis
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 64.17% · promoters 100.00% · institutions 0.00% · other public 6.70%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 18 Mar 2023, 3 resolutions

Present: 8 promoters and 32 others.The company's voting result (opens in a new tab)

  1. Issue of Equity Shares and Warrants on a preferential basis by way of private placement to Miranda Tools Private Limited, a member of the promoter group of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 64.57% · promoters 100.00% · institutions 0.00% · other public 8.06%

  2. Approval of Managerial Remuneration to be given to Mr. Rajeev A. Piramal
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 64.57% · promoters 100.00% · institutions 0.00% · other public 8.06%

  3. Approval of Managerial Remuneration to be given to Mr. Nandan A. Piramal
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 64.57% · promoters 100.00% · institutions 0.00% · other public 8.06%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeIncome Tax DepartmentSince 26 Jun 2018
    Hearing Under Progress
  • Tax disputeIncome Tax DepartmentSince 11 Jan 2021
    Hearing Awaited
  • Tax disputeIncome Tax DepartmentSince 11 Jan 2021
    Hearing Awaited
  • Tax disputeIncome Tax DepartmentSince 27 Jun 2022
    Hearing Awaited
  • Tax disputeIncome Tax DepartmentSince 16 Mar 2023
    Hearing Awaited
  • Tax disputeIncome Tax DepartmentSince 16 Mar 2023
    Hearing Awaited
  • Tax disputeIncome Tax DepartmentSince 16 Mar 2023
    Hearing Awaited
  • Tax disputeIncome Tax DepartmentSince 16 Mar 2023
    Hearing Awaited
6 more
  • Tax disputeIncome Tax DepartmentSince 12 May 2025
    Hearing Under Progress
  • Tax disputeIncome Tax DepartmentSince 12 May 2025
    Hearing Under Progress
  • Tax disputeIncome Tax DepartmentSince 26 Nov 2025
    Hearing Awaited
  • Tax disputeIncome Tax DepartmentSince 13 May 2026
    Appeal filed on 13-05-2026
  • Tax disputeIncome Tax DepartmentSince 13 May 2026
    Appeal filed on 13-05-2026
  • Tax disputeIncome Tax DepartmentSince 13 May 2026
    Appeal filed on 13-05-2026

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 2 complaints open, quarter to Mar 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.