Peninsula Land Limited at its Board Meeting dated 30 May, 2019, announced that Mr. Mahesh S. Gupta - Managing Director of the company, will superannuate with effect from 1 July, 2019 and cease to be a Managing-Director. He shall however continue on the Board in the capacity of Non-Executive, Non-Independent Director, from the said date. 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 30 May, 2019, subject to the approval of the members at the forthcoming Annual General Meeting of the Company.

Mr. Pankaj Kanodia is a entrepreneur in the Food & Beverage and Hospitality Industry. He is the owner of the restaurant Grapeviine and is the promoter of two other Hospitality Companies viz. Datamatics Beverage and Food Consultants Private Limited and Datamatics Hospitality Services Private Limited.