Peninsula Land Ltd
NSE: PENINLAND BSE: 503031
₹18.25
(3.28%)
Tue, 03 Mar 2026, 10:38 am
Market Cap6.03B
PE Ratio0
Dividend0
Finance
Real Estate Development
24.5KCompany History
1871
- Morarjee Goculdas Spinning & Weaving Company Limited was incorporated on 10th August at Mumbai.
1963
- 23,000 right equity shares were offered at par in the proportion 4:9.
1970
- The company floated a subsidiary under the name and style of Gopikisan Piramal Ltd.
- Piramal Exports Ltd. and Elphin Investments Ltd. became subsidiaries of the Company.
1971
- 74,750 Bonus equity shares were issued in the proportion 1:1.
1972
- 37,375 bonus equity shares were issued in the proportion 1:4.
1977
- 193,437 Bonus equity shares were issued in the proportion 1:2.
1979
- The company purchased the assets of the pharmaceutical division of Kemp & Co. Ltd.
- The results of the pharmaceutical division were not up to expectations.
1980
- The company signed an agreement for the purchase of the textile unit of Sayaji Mills Ltd.
- The company purchased the assets of the chemical division of Urvi Investments Ltd.
1981
- 1,40,156 bonus equity shares were allotted in the proportion 1:2.
- The chemical division of Piramal Organic Chemicals worked only for a few days due to a prolonged strike.
1989
- A modernisation scheme was drawn to ensure adequate availability of high quality products for the export market.
1990
- A project for the manufacture of twist drills at Ankleshwar was commissioned.
1991
- Efforts in reviving Davangere were beginning to bear fruit in terms of improved productivity and higher realisation.
- The Auto Ancillary division continued to be affected by the recession in the domestic automotive industry.
- The company developed an alternator for export to Germany.
1992
- The demand for textile products was weak in the first nine months and showed signs of improvement in the last quarter.
- The company offered 39,09,306 Rights equity shares at a premium of Rs. 115 per share.
- PMP Auto Industries Ltd. was amalgamated with the holding Company.
1993
- Cotton prices increased by 30% due to lower crop production and Government's policies.
- The company managed to hold its gains through strategic procurement policies and upgradation of facilities.
- The company introduced the 'Hazel' range of salwar kameez.
1994
- The Tool division entered into arrangements with Kyoera of Japan and L.S. Starrett Co. for cerment/ceramic cutting tools.
- The company introduced 'Robocop', an anti-theft device for cars.
1995
- The performance of the Textile Division was severely affected due to sluggish market conditions.
- The company implemented a 2-tier system of marketing to improve realisation of fabric.
- The company entered into an alliance with the Wakefield Shirt Company Ltd. for manufacturing apparel in India.
1996
- The Endmill expansion of the division was completed during the year.
- The company proposed to expand the Guarantor-Dealer network.
- The company signed a joint venture agreement with Cromwell Croup to set up a separate company to sell and distribute company's products.
- The company formed a 50:50 joint venture with Manifattura di Valle Brembana to manufacture and market high quality shirting fabrics.
1997
- The company took a step towards working closely with reputed fashion designers to create its own design.
- A major restructuring was undertaken at Davangere works to reduce costs and rationalise manufacturing.
- Exports rose by 22% as the division took advantage of the weakening Rupee.
1998
- The modernisation and expansion of the division was undertaken to expand the capacity of endmill production.
2002
- Mr. P K Gothi was reappointed as the Managing Director of the Company for a period of five years.
- Mr. Jaydev Mody was appointed as a Director of the Company liable to retire by rotation.
2004
- The Honourable High Court of Judicature at Bombay directed that a meeting of the Equity Shareholders of the Company be convened to consider the Scheme of Arrangement for the demerger of the Tools Division.
- An Extraordinary General Meeting of the Company was convened to seek shareholders' approval for debiting the Share Premium Account and changing the name of the Company to Morarjee Realities Ltd.
2006
- The Company changed its name from Morarjee Realties Ltd. to Peninsula Land Ltd.
2007
- The Company shifted its Registered office to Peninsula Spenta, Mathuradas Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai.
- The Company split its face value from Rs 10 to Rs 2.
2008
- Mr. Sudhindar Krishan Khanna was appointed as an Additional Independent Director of the Company.
- The Board recommended a dividend of 40% on Equity shares of Rs 2 each.
2009
- The Board recommended a dividend of Re 0.90 per share on Equity shares of Rs. 2 each.
2010
- The Board recommended a dividend of Rs. 1.50 per share on Equity shares of Rs. 2 each.
- Mr. Rajesh Jaggi was appointed as Managing Director.
2011
- The Board recommended a dividend of Rs. 1.70 per share on Equity shares of Rs. 2 each.
2012
- Mr. Pradeep Pasari was appointed as the Company Secretary and Compliance Officer of the Company.
- The Board recommended a dividend of Rs. 1.1 per share on Equity shares of Rs. 2 each.
2013
- Peninsula business park was awarded as the 'Best Commercial Project' under MMR by RR KABEL CNBC AWAAZ real estate awards 2013.
- Mr. Rajashekhar Reddy was appointed as the Company Secretary and Compliance Officer of the Company.
2014
- The Board recommended a dividend of Rs. 0.40 per share on Equity shares of Rs. 2 each.
2018
- Peninsula Land Limited informed the Exchange regarding the launch of a new project.
2019
- The company launched the second phase named 'addressOne Central Park' to develop 600 apartments.
- Peninsula Land Limited launched a new project.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800