Peninsula Land Limited announced at the board meeting held on May 30, 2019, the shareholders announced that Mr. Mahesh S. Gupta - Managing Director of the Company, will superannuate with effect from July 01, 2019 and cease to be a Managing-Director. He shall however continue on the Board in the capacity of Non-Executive, Non-Independent Director. Mr. Pankaj Kanodia has been appointed as an Additional Director in the category of Independent Director of the Company for a term of 5 years with effect from May 30, 2019, subject to the approval of the members at the forthcoming Annual General Meeting of the Company.

He has around two decades of experience in business operations and promoting and steering Organizations.