The document describes the isolation and characterization of four new meroterpenoid metabolites, dhilirolides A-D, from cultures of the fungus Penicillium purpurogenum collected in Sri Lanka. Dhilirolides A-D have unprecedented carbon skeletons containing dhilirane or isodhilirane rings. Dhilirolide A was characterized by NMR and X-ray crystallography, confirming its complex structure. Dhilirolides B-D have similar structures to A but differ in oxidation states or positions of double bonds, as elucidated by NMR. The dhilirolides represent a new class of fungal secondary metabolites with potential biomedical applications.