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Awaiting price reaction for this filing.
Landmarc Leisure Corporation Ltd conducted a postal ballot through remote e-voting from May 22 to June 20, 2025. Two special resolutions were put to vote: (1) approval for issue of equity shares on a preferential basis, and (2) re-appointment of Mr. Mahadevan Ramanathan Kavassery (DIN: 07485859) as Whole-Time Director and CFO along with approval of his remuneration. Both resolutions were passed with overwhelming majority — over 99.99% of votes polled were in favor. Out of 800 million total shares, about 572.4 million shares (71.55%) were voted, with promoters contributing 572.3 million votes (95.4% of their holding) and public shareholders contributing only 108,687 votes (0.05% of their holding).
Shareholders have approved the preferential issue of equity shares, signaling a potential capital raise and possible dilution for existing public shareholders. Additionally, the re-appointment of the existing Whole-Time Director/CFO was confirmed, providing management continuity. The high promoter voting participation shows strong promoter support for both moves.