Peninsula Land Limited has announced the successful completion of the redemption of its Tranche B Optionally Convertible Debentures (OCDs). The redemption pertains to 66,37,168 OCDs, each with a face value of ₹56.50, aggregating to ₹37,49,99,992 (approximately ₹37.5 crore). This redemption was completed on December 23, 2025, in full accordance with the terms stipulated in the OCD Subscription Agreement dated June 24, 2024. Following this redemption, all obligations of the company concerning the Tranche B OCDs have been fulfilled and discharged. Consequently, the entire Optionally Convertible Debentures issued under the aforementioned OCD Subscription Agreement have been fully redeemed. As a result of the complete redemption of OCDs, the investor, RE 2.0 Residential Opportunities Fund, will cease to have the right to appoint a Nominee Director on the Board of Peninsula Land Limited. Accordingly, Mr. Hrishikesh Parandekar (DIN: 01224244), who was appointed as a Nominee Director, will cease to be a Director of the Company effective from the close of business hours on December 23, 2025.
