Key Agreement Details:
- Parties: The agreement is entered with two Co-operative Housing Societies at Andheri West, Mumbai.
- Purpose: Joint redevelopment of the Properties owned by the two Co-operative Housing Societies.
- Project Scale: The agreement involves the redevelopment of Properties comprising 144 existing residential units.
- Shareholding: The company has no shareholding in the entities (the Societies) with whom the agreement is executed.
- Significant Terms: The Company is entitled to redevelop the Properties by exploiting its full development potential. It is entitled to sell, market, and deal with the Company's area in the New Buildings at its sole discretion and appropriate the sale proceeds thereof without any reference or recourse to the Societies.
- Related Party Status: The parties are not related to the promoter/promoter group/group companies in any manner. The transaction does not fall within related party transactions.
Strategic Rationale:
The redevelopment project is expected to strengthen the Company's development portfolio and is in line with its business objectives of pursuing redevelopment opportunities in the Mumbai Metropolitan Region.
Financial Impact:
Financial impact is not quantified in the disclosure. The agreement involves development rights rather than direct monetary transactions like share issuance or loans, which are noted as not applicable.
Additional Information:
The disclosure was signed by Pooja Babul Sutradhar, Company Secretary & Compliance Officer (Membership No.: A40807), on November 15, 2026. The information is also available on the company's website at www.peninsulaland.in.