Outcome of Postal Ballot
Price
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Landmarc Leisure Corporation Ltd (Scrip Code: 532275) conducted a postal ballot that closed on June 20, 2025, with results declared on June 24, 2025. Two special resolutions were passed with overwhelming majority. Resolution 1 approved the issue of equity shares on a preferential basis, receiving 57.24 crore votes in favour (99.9989%) against just 6,456 votes against. Resolution 2 approved the re-appointment of Mr. Mahadevan Ramanathan Kavassery (DIN: 07485859) as Whole-Time Director and CFO along with his remuneration, which also passed with 99.9989% votes in favour. Out of 80 crore total outstanding shares, 57.24 crore (71.55%) were polled, with promoters voting their full 95.40% stake of 57.23 crore shares entirely in favour of both resolutions. Public participation was minimal at just 1,08,687 votes (0.05% of public holding).
Both resolutions were approved with near-unanimous support, signalling strong shareholder backing. The preferential equity issue will lead to dilution of existing public shareholders' stake, while the director re-appointment ensures continuity in the company's leadership. Existing public investors should note the potential equity dilution from the preferential allotment.