The considered and approved the following: 1. The audited financial statements for the quarter and year ended 31st March, 2026 along with Auditors Report. 2. Certificate of utilization ....
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Landmarc Leisure Corporation Ltd reported audited results for FY2026 ending March 31, 2026 with a net loss of Rs. 65.41 Lakhs, reversing from a profit of Rs. 25.47 Lakhs in FY2025. Total income dropped significantly to Rs. 24.87 Lakhs from Rs. 73.53 Lakhs. The company raised Rs. 19.98 Crore via preferential issue in October 2025 for content creation (Marathi/Hindi movies and music). The statutory auditors issued a modified opinion citing: non-provision for doubtful advances of Rs. 2,218.28 Lakhs (SKM Real Infra under IBC) and Rs. 1,500 Lakhs security deposit (SRUIL in liquidation), Rs. 455.87 Lakhs irregular interest-free loans, and non-compliance with Ind AS 19 for gratuity actuarial valuation. Operating cash flow was deeply negative at Rs. 311.46 Lakhs.
Shareholders should note significant deterioration in financials with a modified auditor opinion and substantial doubtful assets. The company's equity stands negative at Rs. 5,415.55 Lakhs (other equity), raising serious doubts about financial viability.