Outcome of the Board Meeting for Allotment of Equity Shares issued on preferential basis.
Price
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Landmarc Leisure Corporation's board, at its meeting on October 6, 2025, approved the allotment of 18,00,00,000 equity shares on a preferential basis at Rs. 1.11 per share. Each share has a face value of Rs. 1 with a premium of just Rs. 0.11, aggregating to Rs. 19.98 crore in fresh capital. The shares were allotted to 9 investors, including companies such as Apalaya Fashion Ltd, M Entertainment Pvt Ltd, Franklin Leasing and Finance, Great Fin Leasing, Gyandeep Financial Advisory, Starrose Dealer, and individuals Chintan Mehta, Vandana Agarwal, and Vishnu Kumar. The company has already received the full subscription money.
This is a significant equity dilution event, with 18 crore new shares being issued to a small group of select investors. Existing shareholders will experience meaningful dilution of their stake, and the very thin premium (Rs. 0.11 over Rs. 1 face value) suggests the stock trades near or below face value, which may weigh on the share price in the short term.