Outcome of board meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Landmarc Leisure Corporation's Board approved Q1 FY26 (quarter ended June 30, 2025) unaudited results showing a net loss of Rs. 18.81 lakhs, wider than the Rs. 13.87 lakhs loss in Q1 FY25. Total income collapsed to Rs. 2.32 lakhs from Rs. 7.81 lakhs, with the Motion Pictures segment revenue falling sharply to Rs. 0.88 lakhs. The auditor flagged several serious concerns including an interest-free loan of Rs. 258.19 lakhs given without proper documentation, doubtful advances/deposits of Rs. 2,218.28 lakhs to a company that has entered IBC resolution, and Rs. 1,500 lakhs in security deposits to a company that has gone into liquidation — none of which have been provided for. Management announced a strategic shift away from wellness activities to focus on Films, Media and TV Channel business, and disclosed a proposed preferential issue of 18 crore equity shares at Rs. 1.1 per share (subject to approvals).
Continued losses with significant unrecovered advances and no provisions create asset-quality concerns for shareholders, while the proposed preferential equity issue poses dilution risk. The auditor's multiple qualifications around unprovided doubtful assets highlight governance red flags that could weigh on the stock.